Form DEFA14A ELECTRO SENSORS INC

 

 

UNITED STATES SECURITIES
AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

 

INFORMATION REQUIRED IN PROXY STATEMENT

 

SCHEDULE 14A INFORMATION

 

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 Section 240.14a-12

ELECTRO-SENSORS, INC.

(Name of Registrant as Specified in Its Charter)

 

N/A
(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 14a6(i)(1) and 0-11

 

Electro-Sensors, Inc.

Supplemental Proxy Materials

April 5, 2024

 

On March 20, 2024, Electro-Sensors, Inc. (the “Company”) filed with the U.S. Securities and Exchange Commission, made available to its shareholders online at http://www.idelivercommunications.com/proxy/else, and began mailing to its shareholders the Company’s definitive proxy statement for the annual meeting of its shareholders to be held on April 24, 2024 (the “2024 Proxy Statement”). After filing, posting and mailing the 2024 Proxy Statement, the Company discovered a scrivener’s error in one cell of the table included in the “Director Compensation” section of the 2024 Proxy Statement, which resulted in inaccurate amounts being reported in “Fees earned or paid in cash” and “Total” columns for Mr. Joseph A. Marino, Chairman of the Board of Directors. Such table should have reflected the following:

 

·

In the “Fees earned or paid in cash” column, the amount for Mr. Marino should have been $59,750, instead of $95,750.

·

In the “Total” column, the amount for Mr. Marino should have been $168,891 instead of $204,891.

 

The following table reflects the corrected information for Mr. Marino in the “Director Compensation” section of the Company’s 2024 Proxy Statement. All other information in the table remains unchanged:

 

Director Name	Fees earned or paid in cash ($)	Option Awards ($)(1)	Restricted Stock Units ($)(2)	Total ($)
Joseph A. Marino	59,750	37,216	71,925	168,891
Scott A. Gabbard	42,375	0	71,925	114,300
Jeffrey D. Peterson	23,000	37,216	71,925	132,141
Michael C. Zipoy	40,750	37,216	71,925	149,891

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Qivurn Data Centers Inc. Secures Dual U.S. Financial Regulatory Licenses, Laying a Solid Foundation for Global Strategic Financing Compliance
• Render Price Prediction After 89% Decline While Pepeto Presale Offers a Different Path
• Polygon Price Prediction: Can POL Survive the Crash or Does Pepeto Offer the Better Entry?