OFF THE HOOK YS INC.
For the period ended May 15, 2026. Filed May 15, 2026.
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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.
May 15, 2026 · Filed May 15, 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 ☒
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))
☒ Definitive Proxy Statement
☐ Definitive Additional Materials
☐ Soliciting Material under §240.14a-12
OFF THE HOOK YS 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 the appropriate box):
☒ No 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.
LETTER TO STOCKHOLDERS
May 15, 2026
You are cordially invited to attend the Annual Meeting of Stockholders (the “Annual Meeting”) of Off the Hook YS Inc., which will be held on June 24, 2026 at 11:00 a.m. Eastern Time. The Company will be holding the Annual Meeting via a live webcast, see page 1 of the Proxy Statement for instructions regarding access to the virtual meeting.
The matters expected to be acted upon at the meeting are described in detail in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement.
In accordance with U.S. Securities and Exchange Commission rules, we are using the Internet as our primary means of furnishing proxy materials to our stockholders. Because we are using the Internet, most stockholders will not receive paper copies of our proxy materials. We will instead send our stockholders a notice with instructions for accessing the proxy materials and voting via the Internet. This notice also provides information on how our stockholders may obtain paper copies of our proxy materials if they choose. We believe the use of the Internet makes the proxy distribution process more efficient and less costly and helps in conserving natural resources.
The Proxy Statement, the accompanying form of proxy card, the Notice of Annual Meeting of Stockholders, and the 2025 Annual Report on Form 10-K are available at www.cleartrustonline.com/OTH and may also be accessed through our website at www.offthehookyachts.com under the “Financials” section of the investor relations tab. If you would like to receive a paper or e-mail copy of these documents, you must request one. There is no charge to you for requesting a copy.
You are entitled to vote at our Annual Meeting only if you were a stockholder as of May 4, 2026.
Your vote is important. Please cast your vote as soon as possible over the Internet, by telephone, or by completing and returning the proxy card to ensure that your shares are represented. Your vote by written proxy will ensure your representation at the Annual Meeting regardless of whether or not you attend the Annual Meeting virtually. Returning the proxy does not deprive you of your right to attend the Annual Meeting virtually to vote your shares.
On behalf of our Board of Directors and our employees, we thank you for your continued interest in and support of our company. We look forward to the Annual Meeting on June 24, 2026.
Sincerely,
Jason Ruegg
Founder, President and Chairman of the Board of Directors
Off The Hook YS Inc.
1701 Jel Wade Dr.
Wilmington, NC 28401
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
To Be Held Virtually via the Internet on June 24, 2026
NOTICE IS HEREBY GIVEN that the 2026 Annual Meeting of Stockholders (the “Annual Meeting”) of Off The Hook YS Inc. (the “Company”) will be held in a completely virtual format on June 24, 2026, at 11:00 a.m. Eastern Time for the following purposes:
The Proxy Statement accompanying this notice describes each of these items of business in detail. The Board of Directors has fixed the close of business on May 4, 2026 as the record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting and any adjournments or postponements of the Annual Meeting. Accordingly, only stockholders of record at the close of business on May 4, 2026 are entitled to notice of, and to vote at, the Annual Meeting and any adjournments or postponements of the Annual Meeting.
Your vote is important. Whether or not you expect to virtually attend the Annual Meeting, please vote via the Internet, by telephone, or complete, date, sign and promptly return the proxy card so that your shares may be represented at the meeting.
By Order of the Board of Directors,
/s/ Chad Corbin
Chad Corbin
Chief Financial Officer
Wilmington, NC
May 15, 2026
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 24, 2026.
This Notice of Annual Meeting of Stockholders, the Proxy Statement, form of proxy card and our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, are available at
www.cleartrustonline.com/OTH.
IMPORTANT NOTICE REGARDING THE VIRTUAL ANNUAL MEETING
The format of the virtual Annual Meeting ensures that stockholders are afforded the same rights and
opportunities to participate as they would have at an in-person meeting, using online tools to ensure
stockholder access and participation. For more information about the virtual Annual Meeting, see “About the Meeting” in this Proxy Statement.
TABLE OF CONTENTS
| Page | |
|---|---|
| ABOUT THE MEETING | 1 |
| CORPORATE GOVERNANCE AND BOARD MATTERS | 6 |
| Board Composition and Structure | 6 |
| Controlled Company Status | 6 |
| Director Independence | 7 |
| Board Leadership Structure | 7 |
| Role of the Board in Risk Oversight | 8 |
| Board Committees | 8 |
| Director Selection Process | 11 |
| Code of Conduct and Ethics | 11 |
| Anti-Hedging Policies | 12 |
| Availability of Corporate Governance Materials | 12 |
| Board Meetings | 12 |
| Annual Meeting Attendance | 12 |
| Communications with the Board | 12 |
| Director Compensation | 13 |
| Director Compensation Table | 13 |
| EXECUTIVE OFFICERS | 14 |
| COMPENSATION OF NAMED EXECUTIVE OFFICERS | 15 |
| Summary Compensation Table | 15 |
| Outstanding Equity Awards at Fiscal Year-End December 31, 2025 | 16 |
| Employment Agreements | 16 |
| EQUITY COMPENSATION PLAN INFORMATION | 16 |
| REPORT OF THE AUDIT COMMITTEE | 17 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 18 |
| Delinquent Section 16(a) Reports | 18 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | 19 |
| Related Party Transaction Policy | 19 |
| Related Party Transactions | 19 |
| PROPOSAL 1: ELECTION OF DIRECTORS | 21 |
| PROPOSAL 2: RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 23 |
| PROPOSAL 3: APPROVAL OF OFF THE HOOK YS INC. FIRST AMENDED AND RESTATED 2025 EQUITY INCENTIVE PLAN | 24 |
| OTHER MATTERS | 27 |
| Other Matters to Come Before the 2026 Annual Meeting | 27 |
| Advisory Vote on Executive Compensation | 27 |
| Stockholder Proposals for the 2027 Annual Meeting | 27 |
| Householding of Proxy Materials | 27 |
| DIRECTOR’S APPROVAL | 28 |
| APPENDICES | |
| Appendix A: Off The Hook YS Inc. First Amended and Restated 2025 Equity Incentive Plan | A-1 |
| Form of Proxy Card | |
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Off The Hook YS Inc.
1701 Jel Wade Dr.
Wilmington, NC 28401
PROXY STATEMENT
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.