Schedule 14A




Download 1.84 Mb.
NameSchedule 14A
page2/41
A typeSchedule
1   2   3   4   5   6   7   8   9   ...   41

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

OF PORTFOLIO RECOVERY ASSOCIATES, INC.

 

 

 

 

Date:

  

May 30, 2013

Time:

  

12:00 p.m. Local Time

Place:

  

Portfolio Recovery Associates, Inc.

 

  

Riverside Commerce Center

130 Corporate Blvd

2nd Floor

Norfolk, VA 23502

The enclosed Proxy Statement describes the proposals which will be on the ballot at the Annual Meeting of Stockholders of Portfolio Recovery Associates, Inc., and any adjournments or postponements thereof, as well as other important information about the Company. The proposals for which your vote is being solicited are:

 

 

1.

Election of Directors to serve three year terms;

 

 

2.

Approval, on a non-binding advisory basis, of the compensation of our Named Executive Officers;

 

 

3.

Ratification of the appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2013;

 

 

4.

Approval of the Company’s 2013 Omnibus Incentive Plan;

 

 

5.

Approval of the Company’s 2013 Non-Equity Incentive Plan; and

 

 

6.

Such other matters as may properly come before the Annual Meeting or any adjournments thereof.

Stockholders of record as of the close of business on April 4, 2013 are entitled to receive notice of, and to vote at, the Annual Meeting. Included in these materials are the Proxy Statement; the Company’s 2012 Annual Report to Stockholders, which includes the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2012; this Notice of the Company’s 2013 Annual Meeting; and your Proxy Card. These materials are first being mailed to stockholders on or about April 19, 2013, and are also available online at the Company’s website at www.portfoliorecovery.com.

 

 

By Order of the Board of Directors,

 

 

 

Judith Scott

EVP, General Counsel and Corporate Secretary

 

April 19, 2013

 

Notice of Annual Meeting of Stockholders and 2013 Proxy Statement |iv
Table of Contents

SUMMARY OF KEY ELEMENTS OF PROXY STATEMENT

2013 Proxy Summary

The following is a summary of information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider, and you should read the entire Proxy Statement carefully before voting.

Annual Meeting of Stockholders

 

 

 

 

 

 

 

 

•   Time and Date

  

12:00 P.M. Eastern Daylight Time, May 30, 2013

  

•   Record Date

  

April 4, 2013

 

 

 

 

•   Place

  

Riverside Commerce Center, 2nd Floor

130 Corporate Boulevard

Norfolk, VA 23502

  

•   Voting

  

Stockholders receive one vote per share of common stock owned as of the record date.

Meeting Agenda and Voting Matters

 

 

 

 

 

 

Proposal

 

Board Vote Recommendation

 

Page Reference

Election of Directors

 

For

 

4

Advisory Vote to Approve Named Executive Officer Compensation

 

For

 

18

Ratification of Independent Registered Public Accounting Firm

 

For

 

20

Adoption of 2013 Omnibus Incentive Plan

 

For

 

21

Adoption of 2013 Annual Bonus Plan

 

For

 

28

Board Nominees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Committee Memberships

Name

 

Age

 

Director Since

 

Principal

Occupation

 

Experience / Qualifications

 

Independent

 

Audit

 

Compensation

 

Nominating

&

Governance

John H. Fain

 

64

 

2010

 

Former CEO Metro Information Services

 

•   Finance

 

•   Management

 

•   Diversity

 

•   Leadership

 

•   Strategy

 

•   Technology

 

•   Complex Organizations

 

•   High Growth Companies

 

•   Entrepreneurial

 

Yes

 

X

 

X

 

 

 

 

 

 

 

 

 

 

 

 

David N. Roberts

(Lead Director)

 

51

 

2002

 

COO Angelo, Gordon & Company

 

•   Finance

 

•   Management

 

•   Strategy

 

•   Financial Industry

 

•   Political/Finance Policies

 

•   Entrepreneurial

 

Yes

 

 

 

Chair

 

X
1   2   3   4   5   6   7   8   9   ...   41

Related:

Schedule 14A iconSchedule 14A (Rule 14a-101)

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A

Schedule 14A iconSchedule 14A




manual




When copying material provide a link © 2017
contacts
manual-guide.com
search