DEFA14A 1 else240395_defa14a.htm DEFA14A

 

 

 

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