MATERION Corp
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| MATERION CORPORATION | |
|---|---|
| By: | /s/ Jugal K. Vijayvargiya |
| Jugal K. Vijayvargiya | |
| President and Chief Executive Officer | |
Date: February 15, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| /s/ Jugal K. Vijayvargiya | President and Chief Executive Officer and Director (Principal Executive Officer) | February 15, 2024 |
|---|---|---|
| Jugal K. Vijayvargiya | ||
| /s/ Shelly M. Chadwick | Vice President, Finance and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) | February 15, 2024 |
| Shelly M. Chadwick | ||
| * | Director | February 15, 2024 |
| Vinod M. Khilnani | ||
| * | Director | February 15, 2024 |
| Emily M. Liggett | ||
| * | Director | February 15, 2024 |
| Robert J. Phillippy | ||
| * | Director | February 15, 2024 |
| Patrick Prevost | ||
| * | Director | February 15, 2024 |
| N. Mohan Reddy | ||
| * | Director | February 15, 2024 |
| Craig S. Shular | ||
| * | Director | February 15, 2024 |
| Darlene J. S. Solomon | ||
| * | Director | February 15, 2024 |
| Robert B. Toth | ||
| * | Shelly M. Chadwick, by signing her name hereto, does sign and execute this report on behalf of each of the above-named officers and directors of Materion Corporation, pursuant to Powers of Attorney executed by each such officer and director filed with the Securities and Exchange Commission. |
|---|
| By: | /s/ Shelly M. Chadwick | |
| Shelly M. Chadwick | ||
| February 15, 2024 | Attorney-in-Fact | |
|---|---|---|
Schedule II—Valuation and Qualifying Accounts
| (Thousands) | |||
|---|---|---|---|
| Valuation allowance on deferred tax assets: | 2023 | 2022 | 2021 |
| Balance at Beginning of Period | $4,935 | $4,957 | $14,134 |
| Additions: | |||
| Charged to Costs and Expenses (1) | 2,069 | 373 | 497 |
| Charged to Other Accounts(3) | 56 | — | 1,019 |
| Deductions (2) | $(1,089) | $(395) | $(10,693) |
| Balance at End of Period | $5,971 | $4,935 | $4,957 |
(1) Increase in valuation allowance is recorded as a component of the provision for income taxes.
(2) 2021 includes a $6.9 million valuation allowance reversal in the fourth quarter of 2021 and a $3.8 million balance sheet impact to deferred taxes.
(3) Change in foreign currency exchange rates and acquired reserves.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.