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NLIGHT INC

For the period ended Jun 6, 2024. Filed Apr 26, 2024.

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About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Jun 6, 2024 · Filed Apr 26, 2024

LASR$38.02+29.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE

SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant ý

Filed by a party other than the Registrant ¨

Check the appropriate box:

¨Preliminary Proxy Statement

¨Confidential, for Use of the Commission Only (as permitted by Rule 14a‑6(e)(2))

ý Definitive Proxy Statement

¨Definitive Additional Materials

¨Soliciting Material under §240.14a‑12

NLIGHT, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):
ýNo fee required
¨Fee paid previously with preliminary materials
¨Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

To Be Held at 9:00 a.m. Pacific Time on Thursday, June 6, 2024

Dear Stockholders of nLIGHT, Inc.:

We cordially invite you to attend the 2024 annual meeting of stockholders (the “Annual Meeting”) of nLIGHT, Inc., a Delaware corporation, which will be held on Thursday, June 6, 2024, at 9:00 a.m. Pacific Time. This year’s Annual Meeting will be a completely virtual meeting of stockholders. You can attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/LASR2024 where you will be able to listen to the meeting live, submit questions and vote online. We are holding the Annual Meeting for the following purposes, as more fully described in the accompanying proxy statement:

  1. To elect the Class III director nominees named in the accompanying proxy statement to serve until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified;

  2. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2024;

  3. To approve, on an advisory, non-binding basis, the compensation of our named executive officers; and

  4. To transact such other business that may properly come before the Annual Meeting or any adjournments or postponements thereof.

Our board of directors has fixed the close of business on April 8, 2024, as the record date for the Annual Meeting. Only stockholders of record on April 8, 2024, are entitled to notice of and to vote at the Annual Meeting. Further information regarding voting rights and the matters to be voted upon is presented in the accompanying proxy statement.

Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to Be Held on Thursday, June 6, 2024. On or about April 26, 2024, we expect to mail to our stockholders a Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on how to access our proxy statement and annual report. The Notice provides instructions on how to vote via the Internet, telephone or mail (if you receive printed proxy materials) and includes instructions on how to receive a paper copy of our proxy materials. The accompanying proxy statement and our annual report can be accessed directly at the following Internet address: www.proxyvote.com. All you have to do is enter the control number located on your Notice or proxy card.

YOUR VOTE IS IMPORTANT. Whether or not you plan to attend the Annual Meeting, we urge you to submit your vote via the Internet, telephone or mail as soon as possible. We appreciate your continued support of nLIGHT.

By order of the Board of Directors,

Scott Keeney

President and Chief Executive Officer

Camas, Washington

April 26, 2024

TABLE OF CONTENTS

Page
PROXY STATEMENT1
THE PROXY PROCESS AND STOCKHOLDER VOTING: QUESTIONS AND ANSWERS2
BOARD OF DIRECTORS AND CORPORATE GOVERNANCE8
Nominees for Director8
Continuing Directors10
Director Independence12
Board Leadership Structure13
Executive Sessions of Non-Employee Directors14
Board and Committee Meetings14
Compensation Committee Interlocks and Insider Participation16
Considerations in Evaluating Director Nominees17
Stockholder Recommendations for Nominations to the Board of Directors18
Communications with the Board of Directors19
Corporate Governance Guidelines and Code of Business Conduct and Ethics19
Stockholder Engagement19
Board Diversity Matrix as of April 26, 202417
Risk Management19
Outside Director Compensation Policy19
Director Compensation for Fiscal Year 202322
PROPOSAL NO. 1 ELECTION OF DIRECTORS24
Nominees24
Vote Required24
PROPOSAL NO. 2 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM25
Fees Paid to the Independent Registered Public Accounting Firm25
Auditor Independence25
Policy on Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Registered Public Accounting Firm26
Vote Required26
REPORT OF THE AUDIT COMMITTEE27
PROPOSAL NO. 3 ADVISORY VOTE ON COMPENSATION OF NAMED EXECUTIVE OFFICERS28
Advisory Non-Binding Vote on Compensation of Named Executive Officers28
Vote Required28
EXECUTIVE OFFICERS29
EXECUTIVE COMPENSATION29
Compensation Discussion and Analysis29
Corporate Governance Practices31
Compensation-Setting Process32

i

Elements of Executive Compensation33
Change of Control and Severance Benefits39
Other Benefits and Perquisites40
Consideration of Stockholder Advisory Vote on Executive Compensation40
Equity Ownership Guidelines40
Compensation Recovery Policy40
Equity Award Grant Policies41
Hedging and Pledging Prohibitions41
Deductibility of Executive Compensation41
Taxation of Parachute Payments and Deferred Compensation41
Accounting for Stock-Based Compensation41
Compensation Committee Report42
Summary Compensation Table42
Grants of Plan-Based Awards in Fiscal Year 202343
CEO Pay Ratio Disclosure44
Pay Versus Performance45
Outstanding Equity Awards at December 31, 202350
Option Exercises and Stock Vested for Fiscal Year Ended December 31, 202351
Employment Arrangements51
Potential Payments upon Termination or Change-In-Control53
Securities Authorized for Issuance Under Equity Compensation Plans53
BENEFICIAL OWNERSHIP OF SHARES OF COMMON STOCK54
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS56
Policies and Procedures for Transactions with Related Persons56
Transactions57
Limitations on Director and Officer Liability and Indemnification57
DELINQUENT SECTION 16(a) REPORTS57
OTHER MATTERS57
APPENDIX A59
PROXY CARD60

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.