OPTICAL CABLE CORP
For the period ended Mar 26, 2024. Filed Feb 27, 2024.
View on SEC.govAbout 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.
Mar 26, 2024 · Filed Feb 27, 2024
Contents
PROXY SUMMARY
This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider. Please read the entire Proxy Statement carefully before voting.
| Annual Shareholders Meeting | Meeting Agenda | |||
|---|---|---|---|---|
| Date | March 26, 2024 | ● Election of 5 directors ● Advisory vote on executive officer compensation ● Transact other business that may properly come before the meeting | ||
| Time | 10:00 a.m. Eastern Time | |||
| Place | Green Ridge Recreation Center 7415 Wood Haven Road Roanoke, Virginia 24019 | |||
| Record date | January 26, 2024 | |||
| Voting | Shareholders as of the record date are entitled to vote. Each share of common stock is entitled to one vote for each director nominee and one vote for each of the proposals to be voted on. | |||
Voting Matters and Vote Recommendation
| Item | Board recommendation | Reasons for recommendation | More information | ||||
| 1. | Election of 5 directors | FOR | The Board and the Nominating and Corporate Governance Committee believe that the 5 Board candidates possess the skills and variety of experience to effectively monitor performance, provide oversight, and advise management on the Company’s long-term strategy. | Page 5 | |||
| 2. | Advisory vote on executive compensation | FOR | The Company’s executive officer compensation programs demonstrate the Company’s pay for performance philosophy. | Page 11 |
Company Management Profile
See Page 5–* “Election of Directors” and Page 13*–* “Executive Officers” for more information.*
The following table provides summary information about each director and each director nominee. Each director is elected annually by a plurality of votes cast.
| Name Occupation | Director Since | Board | Committee memberships | Up for re- election at current Annual |
|---|---|---|---|---|
| Age · Independent · AC · CC · NCGC · Meeting | ||||
| Neil D. Wilkin, Jr. | 60 | 2001 | No | Yes |
| Chairman of the Board, | ||||
| President and CEO, Optical Cable Corporation | ||||
| Randall H. Frazier | 72 | 1996 | Yes | Yes |
| President, | ||||
| River Acceptance, LLC | ||||
| John M. Holland | 78 | 1996 | Yes | Yes |
| Principal and Founder, | ||||
| Holland Technical Services & President, Equine Welfare Alliance | ||||
| John A. Nygren | 75 | 2016 | Yes | Yes |
| Retired, former President and CEO, ChemTreat, Inc. | ||||
| Craig H. Weber | 64 | 2002 | Yes | Yes |
| Retired, former CEO and President, Home Care | ||||
| Delivered, Inc. | ||||
| AC | Audit Committee | Chair |
|---|---|---|
| CC | Compensation Committee | Member |
| NCGC | Nominating and Corporate Governance Committee | Financial Expert |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.