DEFR14A: Telos Corporation Amends Proxy Statement to Correct Beneficial Ownership Data

Telos Corporation has amended its proxy statement, initially filed on April 9, 2024, to correct errors in the reported beneficial ownership of certain individuals and the management team.

Summary

• Telos Corporation filed an amendment to its proxy statement on April 15, 2024, to correct inaccuracies in the 'Security Ownership of Certain Beneficial Owners and Management' table.
• The errors pertained to the beneficial ownership amounts as of March 28, 2024, for several individuals including Messrs. Borland, Dockery, Jacobs, Maluda, Schaufeld, Ms. Carroll, and all officers and directors as a group.
• The corrected ownership details are provided in the amendment, specifying the number of shares and percentage of class owned by each beneficial owner.
• The amendment clarifies the nature of ownership, including shares held directly, through trusts, savings plans, and unvested restricted share units.
• The amendment does not alter any other disclosures in the original proxy statement.
• The annual meeting of stockholders is scheduled for May 21, 2024, at the company's headquarters in Ashburn, Virginia.
• Stockholders can revoke or change their votes by executing a later-dated proxy, appearing in person at the meeting, or filing an instrument of revocation.

Sentiment

Score: 7

Explanation: The document is a routine correction to a proxy statement, indicating standard corporate governance procedures. The sentiment is neutral as it addresses an error and provides corrected information.

Negatives

• The initial proxy statement contained errors in the reported beneficial ownership, requiring an amendment.

Stakeholder Impact

• Shareholders are directly impacted as the amendment corrects information relevant to their voting decisions.

Next Steps

• Stockholders are advised to review the amended proxy statement before voting.
• Stockholders who have already submitted proxies can revoke or change their vote.

Key Dates

Keywords

proxy statement, amendment, beneficial ownership, stockholders, shares, Telos Corporation