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Seco — Investor Relations & Filings

Ticker · IOT ISIN · IT0005438046 LEI · 8156008C44408AB6D716 XMIL Telecommunications, computer programming, consultancy, computing infrastructure, and other information service activities
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Filings indexed 796 across all filing types
Latest filing 2023-06-27 AGM Information
Country IT Italy
Listing XMIL IOT

About Seco

https://www.seco.com/en

SECO is a technology company that develops and manufactures solutions for the digitalization of industrial products and processes. It specializes in edge computing, the Internet of Things (IoT), and Artificial Intelligence. The company's offerings include a wide range of embedded hardware such as System-on-Modules (SOMs), Single Board Computers (SBCs), fanless PCs, and Human-Machine Interfaces (HMIs). Complementing its hardware is Clea, a modular, open-source software framework designed for device and data management in IoT infrastructures. SECO provides integrated hardware and software solutions to original equipment manufacturers (OEMs) in various sectors, including industrial automation and medical.

Recent filings

Filing Released Lang Actions
Extraordinary Shareholders' Meeting - Explanatory Report of the BoD on item 1 on the agenda
AGM Information Classification · 1% confidence The document is titled "EXPLANATORY REPORT OF THE BOARD OF DIRECTORS OF SECO S.P.A. ON POINT 1) OF THE AGENDA OF THE EXTRAORDINARY SHAREHOLDERS' MEETING..." and explicitly states it is prepared pursuant to Italian Civil Code articles related to capital increases and shareholder meetings (Article 2441 Civil Code, Article 125-ter of Legislative Decree No. 58/1998, and Consob Regulations). The core subject matter is a proposal for a capital increase reserved for the subscription by the Chief Executive Officer as part of a '2024-2027 Chief Executive Officer Stock Option Plan'. This involves issuing new shares and excluding option rights, which are key elements of capital structure changes and executive compensation/incentives. While it discusses a capital increase (CAP) and remuneration (DEF 14A), the document's primary function is to provide the detailed explanation and justification required by law for a specific proposal to be voted on at a Shareholders' Meeting. This type of detailed explanatory report, often mandated by regulations like the Italian CFA/Issuers' Regulation for specific corporate actions (like excluding pre-emptive rights for incentive plans), is best classified as a document related to corporate governance and shareholder decisions, often accompanying proxy materials or related to the meeting itself. Given the focus on the structure of the capital increase and the exclusion of option rights for an executive plan, it strongly relates to governance and management decisions. However, the document is an 'Explanatory Report' related to a proposal for a capital increase (CAP) and the structure of an incentive plan (which touches on DEF 14A/Remuneration). Since it is a detailed report explaining a specific corporate action (capital increase with exclusion of rights) presented to a Shareholders' Meeting, it is most closely aligned with documents detailing capital structure changes or governance related to executive compensation. Since it is a detailed report explaining the rationale for a capital increase, 'Capital/Financing Update' (CAP) is a strong candidate, but the context is heavily regulatory and governance-focused, explaining the exclusion of rights for an incentive plan. Considering the options, this document is a formal, detailed report explaining a proposed capital increase reserved for an executive incentive plan, mandated by specific corporate law articles. It is not a simple announcement (RPA/RNS), nor is it the final resolution (DVA). It is a detailed explanation of a proposed capital change. 'CAP' (Capital/Financing Update) fits the core action (capital increase), and 'CGR' (Governance Information) fits the context (explaining the rationale for excluding rights for an executive plan). Given the explicit focus on the mechanics and justification of the capital increase itself, CAP is slightly more precise than general governance. Revisiting the definitions: CAP is for 'Updates on company fundraising, financing activities, or capital structure changes.' This document details a proposed capital structure change (increase). It is a comprehensive report, not just a brief update, but it is the primary document explaining this specific financing/capital activity. I will classify it as CAP due to the central theme being the capital increase proposal.
2023-06-27 English
Ordinary Shareholders' Meeting - Explanatory Report of the BoD on item 2 on the agenda
Proxy Solicitation & Information Statement Classification · 1% confidence The document is explicitly titled an "EXPLANATORY REPORT OF THE BOARD OF DIRECTORS OF SECO S.P.A. ON POINT 2) OF THE AGENDA OF THE ORDINARY SHAREHOLDERS' MEETING" and is prepared pursuant to specific Italian legislative articles (Article 114-bis and 125-ter of Legislative Decree No. 58/1998). It details a proposal for an incentive plan (stock options) to be submitted for shareholder approval at an upcoming meeting (July 28, 2023). This document serves to explain the rationale behind a proposal that will be voted on at a general meeting, which strongly aligns with the purpose of a Proxy Solicitation & Information Statement (PSI), as it solicits shareholder approval for a specific corporate action (the incentive plan and related capital increase). While it is an explanatory report, its function is to support a resolution presented to shareholders, making PSI the most appropriate classification over a general Regulatory Filing (RNS) or a specific remuneration report (DEF 14A), as it is tied directly to the shareholder meeting agenda item.
2023-06-27 English
Ordinary Shareholders' Meeting - Explanatory Report of the BoD on item 1 on the agenda
AGM Information Classification · 1% confidence The document is explicitly titled an "EXPLANATORY REPORT OF THE BOARD OF DIRECTORS OF SECO S.P.A. ON POINT 1) OF THE AGENDA OF THE ORDINARY SHAREHOLDERS' MEETING" and is prepared pursuant to Italian regulations (Article 114-bis and 125-ter of Legislative Decree No. 58/1998). The content details a proposal for a "2024-2027 Chief Executive Officer Stock Option Plan" which is to be submitted for shareholder approval at an upcoming meeting (July 28, 2023). This document serves to explain the rationale and terms of a proposal being put to shareholders for a vote, which is characteristic of materials related to a General Meeting. Since it is an explanatory report accompanying a proposal for a shareholder vote, it strongly aligns with the purpose of materials distributed for an Annual General Meeting (AGM). It is not the final voting result (DVA), nor is it a general remuneration report (DEF 14A), but rather the preparatory document for a specific resolution at the AGM.
2023-06-27 English
Piano SOP Management - Relazione società di revisione ai sensi dell'art. 2441, c. 4 e 6 c.c, e dell'art. 158, c. 1 del D. Lgs. 58/98
Audit Report / Information Classification · 1% confidence The document is titled "RELAZIONE DELLA SOCIETÀ DI REVISIONE SUL PREZZO DI EMISSIONE DELLE AZIONI RELATIVE ALL'AUMENTO DI CAPITALE..." (Auditor's Report on the Issue Price of Shares Related to the Capital Increase...). It explicitly states it is a 'parere di congruità' (fairness opinion) issued by Deloitte & Touche S.p.A. concerning the criteria used by the Board of Directors to determine the issue price for a capital increase reserved for employees (stock option plan), referencing Italian Civil Code articles (Art. 2441, fifth and sixth paragraphs) and regulatory decrees (D.Lgs. 58/98, Art. 158). This document is a formal report from an external auditor/reviewer providing assurance on a specific financial transaction (capital increase pricing), which aligns best with the definition of an Audit Report / Information (AR), as it is a standalone report focusing on the audit/review of a specific financial aspect, rather than the full annual report (10-K) or a general earnings release (ER). It is not a general regulatory filing (RNS) because it has a very specific purpose and structure. FY 2022
2023-06-27 Italian
Piano SOP Amministratore Delegato - Relazione società di revisione ai sensi dell'art. 2441, c. 4 e 6 c.c, e dell'art. 158, c. 1 del D. Lgs. 58/98
Audit Report / Information Classification · 1% confidence The document is a formal report issued by an independent auditor (Deloitte & Touche S.p.A.) concerning a proposed capital increase involving the exclusion of pre-emptive rights. The title explicitly mentions "RELAZIONE DELLA SOCIETÀ DI REVISIONE SUL PREZZO DI EMISSIONE DELLE AZIONI RELATIVE ALL'AUMENTO DI CAPITALE" (Auditor's Report on the Issuance Price of Shares Related to the Capital Increase). This report provides an opinion on the adequacy of the criteria used by the Board of Directors to determine the issuance price, as required by Italian law (Art. 2441, fifth and sixth paragraphs of the Civil Code and Art. 158, first paragraph of D.Lgs. 58/98). This fits the definition of a standalone audit/review report focusing on specific financial/regulatory aspects, rather than a full Annual Report (10-K) or a general Earnings Release (ER). It is most closely aligned with the 'Audit Report / Information' category (AR), as it is a specific assurance/review report related to a corporate action, distinct from a general financial statement audit. FY 2022
2023-06-27 Italian
Assemblea Straordinaria - Relazione Illustrativa del CdA sul punto 2 all'ordine del giorno
Proxy Solicitation & Information Statement Classification · 1% confidence The document is titled "RELAZIONE ILLUSTRATIVA DEL CONSIGLIO DI AMMINISTRAZIONE... SUL PUNTO 2) ALL'ORDINE DEL GIORNO DELL'ASSEMBLEA STRAORDINARIA DEI SOCI" (Explanatory Report of the Board of Directors... on item 2) of the Agenda of the Extraordinary Shareholders' Meeting). It explicitly references Italian corporate law articles (art. 2441 del codice civile, art. 125-ter del D. Lgs. n. 58/1998, Regolamento Consob) and discusses proposals for capital increases (both paid and free) reserved for employees and management as part of a stock option plan ("Piano 2024-2027 per dipendenti, alti dirigenti e collaboratori"). This type of detailed explanatory document provided by the Board of Directors to shareholders ahead of a general meeting, especially concerning capital structure changes and incentive plans, strongly aligns with the purpose of a Proxy Solicitation & Information Statement (PSI), which covers materials sent to shareholders to provide information and request votes for meetings. While it is a detailed report, its function is to support the resolutions to be voted on at the Assembly, making PSI the most appropriate classification over a general Annual Report (10-K) or a simple Earnings Release (ER).
2023-06-27 Italian

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