Loop Industries Inc
For the period ended Jun 28, 2024. Filed May 29, 2024.
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Jun 28, 2024 · Filed May 29, 2024
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DEF 14A 1 ny20025395x1_def14a.htm DEF 14A
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
(Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material Pursuant to § 240.14a-12 |
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LOOP INDUSTRIES, 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):
| ☒ | No fee required. |
|---|
| ☐ | Fee paid previously with preliminary materials. |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act rules 14a-6(i)(1) and 0-11. |
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Loop Industries, Inc.
480 Fernand-Poitras Street
Terrebonne, Québec, Canada, J6Y 1Y4
NOTICE OF THE 2024 ANNUAL MEETING OF STOCKHOLDERS
Dear Stockholders:
The format of our 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”) will be a virtual-only meeting on June 28, 2024 at 10:00 a.m. ET, for the purpose of considering and acting upon the following proposals:
| (1) | To elect five members of the Board of Directors to hold office until the next annual meeting of stockholders or until their respective successors have been elected and qualified; |
| (2) | To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending February 28, 2025; |
| (3) | To hold an advisory vote to approve executive compensation; and |
| (4) | To transact such other business as may properly come before the meeting or any postponement or adjournment thereof. |
Stockholders will not be able to attend the 2024 Annual Meeting physically in person. The virtual meeting and live audio webcast can be accessed at www.virtualshareholdermeeting.com/LOOP2024.
To vote or submit questions during the virtual meeting, stockholders must enter the 16-digit control number included on the proxy card, voting instruction form, notice or email that they previously received. Online access to the audio webcast will open shortly prior to the start of the 2024 Annual Meeting. Guests without a control number may also attend the meeting but will not have the option to vote shares or ask questions.
All stockholders, whether or not planning to attend the 2024 Annual Meeting, are encouraged to vote promptly in advance of the meeting by using one of the methods described in the attached proxy materials for the 2024 Annual Meeting. A proxy card is enclosed for your use. We ask that you carefully review, complete, sign, date and return the proxy card or vote by Internet according to the instructions above and included on the proxy card.
Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Stockholders
The Board of Directors has fixed the close of business on May 3, 2024 as the record date for determination of stockholders entitled to receive notice of, and to vote at, the 2024 Annual Meeting and at any postponements or adjournments thereof. A list of stockholders entitled to vote at the 2024 Annual Meeting will be available at the meeting being held via live webcast and for ten days prior to the 2024 Annual Meeting.
Our Annual Report on Form 10-K for the fiscal year ended February 29, 2024 accompanies this Notice of Annual Meeting of Stockholders and Proxy Statement. We have elected to provide access to our proxy materials both by sending you this full set of proxy materials, including a proxy card, and by notifying you of the availability of our proxy materials on the Internet. These documents may also be accessed on the Broadridge Financial hosted site www.proxyvote.com.
Please refer to the Proxy Statement, which forms a part of this notice and is incorporated herein by reference, for further information with respect to the business to be transacted at the 2024 Annual Meeting.
| | | By Order of the Board of Directors, |
| | | |
| | | (s) Fady Mansour |
| | | Fady Mansour |
| | | Chief Financial Officer |
| | | Terrebonne, Québec |
PROXY STATEMENT
ANNUAL MEETING OF STOCKHOLDERS
June 28, 2024
This Proxy Statement is furnished in connection with the solicitation by Loop Industries, Inc. (“Loop Industries” or the “Company”) on behalf of the Board of Directors (the “Board” or the “Board of Directors”) of proxies for use at our 2024 Annual Meeting of Stockholders to be held on June 28, 2024 via live webcast (the “2024 Annual Meeting”). A copy of our Annual Report on Form 10-K for the year ended February 29, 2024, together with this proxy statement and accompanying proxy card and notice, will be first mailed and made available on or about May 29, 2024.
EXPLANATORY NOTES
All monetary amounts shown in this Proxy Statement are expressed in United States dollars, unless otherwise expressly noted. Canadian dollars are referred to as “CAD.” In various places throughout this proxy, we have assumed an exchange rate to convert any Canadian dollars into U.S. dollars of $1.00 CAD = $0.7408 U.S., which was the average exchange rate for fiscal 2024. We make no representation that the Canadian dollar or U.S. dollar amounts referred to in this proxy could have been converted into U.S. dollars or Canadian dollars, as the case may be, at any particular rate or at all.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.