DEFA14A: Apogee Enterprises Corrects Audit Fee Discrepancy in Proxy Statement

Apogee Enterprises files an amendment to its definitive proxy statement to correct a reporting error in the fees paid to its independent registered public accounting firm.

Summary

• Apogee Enterprises has filed an amendment to its definitive proxy statement to correct an error in the table reporting fees paid to Deloitte & Touche LLP.
• The original proxy statement incorrectly reflected Fiscal 2022 information in the Fiscal 2023 column.
• The amendment updates the Fiscal 2023 column to reflect the amounts previously reported in the company's Fiscal 2023 definitive proxy statement.
• The corrected table shows Audit Fees of $2,024,284 for Fiscal 2024 and $2,160,865 for Fiscal 2023.
• Audit-Related Fees are $37,200 for Fiscal 2024 and $38,000 for Fiscal 2023.
• Tax Fees are $281,348 for Fiscal 2024 and $745,207 for Fiscal 2023.
• All Other Fees are $1,895 for both Fiscal 2024 and Fiscal 2023.
• The total fees are $2,344,727 for Fiscal 2024 and $2,945,967 for Fiscal 2023.
• The company's 2024 Annual Meeting of Shareholders is scheduled for June 20, 2024.
• Shareholders can revoke or change their votes by following the procedures outlined in the proxy statement.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in the proxy statement. The sentiment is neutral as it addresses a minor issue and does not indicate any fundamental problems with the company's financial health or operations.

Positives

• The company proactively corrected an error in its proxy statement, demonstrating transparency.
• Total fees paid to Deloitte & Touche LLP decreased from Fiscal 2023 to Fiscal 2024.

Future Outlook

Information about the Company's 2024 Annual Meeting of Shareholders, scheduled for June 20, 2024, is set forth in the Proxy Statement, which is revised to reflect the information set forth above.

Industry Context

This announcement is a routine correction to a proxy statement, which is a standard part of corporate governance and shareholder communication. It does not appear to have any significant implications for the broader industry.

Stakeholder Impact

• Shareholders are provided with corrected information regarding fees paid to the company's independent auditor.
• Shareholders who have already submitted proxies for this meeting may revoke them, or if they wish to change their vote.

Key Dates

Keywords

proxy statement, audit fees, Deloitte & Touche, Apogee Enterprises, amendment, shareholders, annual meeting, fees