DEF: Smart Sand, Inc. Announces Details for 2025 Annual Stockholder Meeting

Smart Sand, Inc. will hold its 2025 Annual Meeting of Stockholders virtually on June 3, 2025, to vote on director election, auditor ratification, executive compensation, and other business.

Summary

• Smart Sand, Inc. will hold its Annual Meeting of Stockholders virtually on June 3, 2025.
• Stockholders will vote on the election of one Class III director, ratification of Grant Thornton LLP as the independent auditor, and an advisory vote on executive compensation.
• The record date for determining stockholders eligible to vote is April 14, 2025.
• The meeting will be held online at www.virtualshareholdermeeting.com/SND2025.
• Stockholders can access proxy materials at www.proxyvote.com.
• Charles E. Young, the current CEO and director, is nominated for re-election as a Class III director to serve until the 2028 Annual Meeting.
• The board recommends voting for the director nominee, ratification of the auditor, and approval of executive compensation.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. It provides necessary information for stockholders to make informed decisions.

Positives

• The company is providing stockholders with the ability to attend the annual meeting virtually, vote electronically, and submit questions online.
• The board of directors has recommended a slate of candidates and proposals for stockholder approval.
• The audit committee has recommended the reappointment of Grant Thornton LLP as the company's independent registered public accounting firm.

Future Outlook

The board of directors and management look forward to stockholders' attendance at the meeting and thank them for their continued support.

Management Comments

• Charles E. Young, Chief Executive Officer, stated that the board of directors and management look forward to stockholders' attendance at the meeting.
• Charles E. Young thanked stockholders for their continued support.

Industry Context

This is a standard annual meeting announcement, typical for publicly traded companies, covering routine matters such as director elections, auditor ratification, and executive compensation.

Comparison to Industry Standards

• The virtual format of the annual meeting is increasingly common among public companies to enhance accessibility and reduce costs.
• The proposals for director election, auditor ratification, and executive compensation are standard items for annual stockholder meetings.
• The disclosure of executive compensation follows SEC guidelines and is comparable to disclosures made by other publicly traded companies.

Related Party Transactions

• Charles E. Young owns approximately 67% of the membership interests in Keystone Cranberry, LLC, which holds a significant number of shares.
• The company employs family members of Charles E. Young, including William John Young, James D. Young, Thomas Young, and Charles (CJ) Young, with disclosed compensation details.

Stakeholder Impact

• Shareholders are asked to vote on key proposals that will impact the direction and governance of the company.
• Employees are indirectly impacted by the executive compensation decisions.
• The selection of an independent auditor ensures the integrity of the company's financial reporting.

Next Steps

• Stockholders should review the proxy materials and vote their shares.
• Stockholders can attend the virtual Annual Meeting on June 3, 2025.
• The company will announce the results of the stockholder votes after the Annual Meeting.

Key Dates

Keywords

Annual Meeting, Proxy Statement, Stockholders, Board of Directors, Executive Compensation, Director Election, Auditor Ratification, Corporate Governance, Smart Sand, Virtual Meeting