PREFORMED LINE PRODUCTS CO
For the period ended May 13, 2025. Filed Mar 21, 2025.
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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 13, 2025 · Filed Mar 21, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934 (Amendment No. )
Filed by the Registrantx
Filed by a party other than the Registranto
Check the appropriate box:
| o | Preliminary Proxy Statement |
|---|---|
| o | Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| x | Definitive Proxy Statement |
| o | Definitive Additional Materials |
| o | Soliciting Material Pursuant to §240.14a-12 |
Preformed Line Products Company
(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):
| x | No fee required. |
|---|---|
| o | Fee paid previously with preliminary materials: |
| o | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
PREFORMED LINE PRODUCTS COMPANY
NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
| To our shareholders:The 2025 annual meeting of shareholders of Preformed Line Products Company will be held at 660 Beta Drive, Mayfield Village, Ohio, 44143 on Tuesday, May 13, 2025, at 9:30 a.m., local time, for the following purposes: | YOUR VOTE IS IMPORTANTPLEASE COMPLETE, SIGN, DATE AND RETURN YOUR PROXY OR VOTE ONLINE OR BY TELEPHONE |
|---|---|
| (1)To elect five directors, each for a term expiring in 2027;(2)To approve the 2025 Incentive Plan;(3)To ratify the appointment of Ernst & Young LLP;(4)To consider any other matters that properly come before the meeting. | |
| Only shareholders of record at the close of business on March 14, 2025 are entitled to notice of and to vote at the meeting or any adjournment thereof. Shareholders are urged to complete, sign and date the enclosed proxy and return it in the enclosed envelope or to vote online or by telephone. | |
By order of the Board of Directors,
CAROLINE S. VACCARIELLO,
Secretary
Dated: March 21, 2025
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL
MEETING OF SHAREHOLDERS TO BE HELD ON TUESDAY, MAY 13, 2025:
This notice of annual meeting of shareholders, the accompanying proxy statement and the Company’s 2025 Annual Report
to Shareholders are also available at: www.proxydocs.com/PLPC. This notice, the accompanying proxy statement and form
of proxy card are being distributed or made available on or about March 21, 2025.
| TABLE OF CONTENTS | |
|---|---|
| Notice of Annual Meeting of Shareholders | |
| Proxy Statement | 1 |
| Security Ownership of Certain Beneficial Owners & Management | 2 |
| Corporate Responsibility & Governance | 4 |
| Proposal One - Election of Directors | 6 |
| Board Committees and Meetings | 11 |
| Audit Committee Report | 13 |
| Compensation Policies and Risk | 13 |
| Directors and Executive Officers Compensation: | 14 |
| Compensation Discussion and Analysis | 14 |
| Compensation Committee Report | 18 |
| Pay Ratio | 18 |
| Executive Compensation | 19 |
| Grants of Plan-Based Awards | 21 |
| Outstanding Equity Awards | 22 |
| Options Exercised and Stock Vested | 23 |
| Non-Qualified Deferred Compensation | 24 |
| Potential Payments upon Termination or Change in Control | 25 |
| Director Compensation | 26 |
| Pay versus Performance | 27 |
| Interlocks and Insider Participation | 31 |
| Transactions with Related Persons | 31 |
| Proposal Two - 2025 Incentive Plan | 32 |
| Proposal Three - Ratification of Independent Auditor | 39 |
| Independent Registered Public Accounting Firm Fees, Services and Independence | 40 |
| Delinquent Section 16(a) Reports | 41 |
| Shareholder Proposals for 2025 Annual Meeting | 42 |
| PREFORMED LINE PRODUCTS COMPANY | 2024 Proxy Statement 1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.