Deals between FDS and its directors, executives, owners of more than 5% or their families: a relative on the payroll,
a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
Below: what the proxy filed 2026-10-26 reports that the one filed 2025-10-27 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-10-27.
Nothing new: every deal in this year's section was reported last year too.
The whole section 4 paragraphs, proxy filed 2026-10-26
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“Under SEC rules, we are required to disclose transactions in excess of $120,000 with the Company in which related persons have a direct or indirect material interest (a "related person transaction"). Related persons include any director, nominee for director, executive officer, stockholder known by the Company to be beneficial owners of more than five percent of the Company's voting securities, and any immediate family member of such persons.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“Based on information available to us and provided to us by our directors and executive officers, we do not believe that there were any such transactions during fiscal year 2026.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“From time to time, stockholders that own more than five percent of our common stock subscribe to, license or otherwise purchase, in the normal course of business, certain of our products and services. These transactions are negotiated on an arm's-length basis.”
Read it in the proxy ↗
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“We maintain a written policy which requires that the Company's Audit Committee review and approve related person transactions. Under the policy related persons are required to notify our Corporate Secretary as soon as reasonably possible of any proposed related person transaction of which they become aware. Following notice, the proposed transaction is then presented to the Audit Committee for its review and consideration. Ongoing and previously approved related person transactions will be reviewed by the Committee on an annual basis. In reviewing any proposed (or previously approved and ongoing) related person transaction, the Committee must consider relevant facts and circumstances, which may include without limitation, the commercial reasonableness of the terms, the benefit and perceived benefit, or lack thereof, to the Company, opportunity costs of alternate transactions, the materiality and character of the related party's interest in the transaction; and any actual or apparent conflict of interest. Approval of a related person transaction (or ratification of a previously approved and ongoing related person transaction) will be given only if it is determined by the Committee that such transaction is in (or not inconsistent with) the best interests of the Company and its stockholders.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not.
A deal reported again with a new amount is not new. Always check the filing.
Open the proxy ↗ · Last year's proxy ↗
