Ultralife Corporation Releases 2024 Proxy Statement, Outlining Corporate Governance and Executive Compensation

Ultralife Corporation, a leading provider of advanced battery and energy products, has released its 2024 proxy statement. The statement, filed with the Securities and Exchange Commission (SEC), provides a comprehensive overview of the company’s corporate governance, executive compensation, and other matters to be considered at the upcoming annual meeting of shareholders. The proxy statement is available on the company’s website and on the SEC’s website. The annual meeting is scheduled to take place on May 15, 2024, at 10:00 a.m. Eastern Time. Shareholders of record as of March 25, 2024, are entitled to vote at the meeting. The proxy statement includes information on the company’s board of directors, executive officers, and their respective compensation packages. The statement also provides details on the company’s corporate governance practices, including its code of ethics, audit committee charter, and nominating and governance committee charter. In addition, the proxy statement includes information on the company’s stock ownership and equity compensation plans. The company’s executive compensation program is designed to align the interests of executives with those of shareholders, and to provide incentives for achieving key performance goals. The program includes a combination of base salary, annual incentives, and long-term equity awards. The proxy statement also includes a detailed discussion of the company’s financial performance, including its revenue, net income, and earnings per share. The company’s financial performance is discussed in the context of its industry and market trends. The proxy statement also includes information on the company’s risk management practices, including its risk assessment and mitigation strategies. The company’s audit committee is responsible for overseeing the company’s financial reporting and internal control processes. The proxy statement includes a report from the audit committee, which provides an overview of the committee’s activities and recommendations. The company’s nominating and governance committee is responsible for identifying and recommending candidates for election to the board of directors. The proxy statement includes a report from the nominating and governance committee, which provides an overview of the committee’s activities and recommendations. The company’s board of directors is composed of experienced professionals with a range of skills and expertise. The proxy statement includes biographical information on each of the company’s directors, as well as information on their compensation and stock ownership. The company’s executive officers are responsible for managing the company’s day-to-day operations. The proxy statement includes biographical information on each of the company’s executive officers, as well as information on their compensation and stock ownership. The proxy statement also includes information on the company’s related party transactions, including transactions with directors, executive officers, and their affiliates. The company’s related party transactions are subject to review and approval by the audit committee. The proxy statement includes a detailed discussion of the company’s accounting policies and procedures, including its revenue recognition policy and its policy on accounting for stock-based compensation. The company’s financial statements are prepared in accordance with generally accepted accounting principles (GAAP). The proxy statement includes a report from the company’s independent registered public accounting firm, which provides an opinion on the company’s financial statements and internal control over financial reporting. The company’s annual meeting will provide an opportunity for shareholders to ask questions and engage with the company’s management and board of directors. The meeting will be webcast live on the company’s website, and a replay will be available for a limited time after the meeting. Shareholders are encouraged to review the proxy statement and vote their shares in advance of the meeting. The company’s board of directors recommends that shareholders vote in favor of all proposals presented at the meeting.

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