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CLAREMONT, N.C. - CommScope Holding Company, Inc. (NASDAQ: COMM), known for providing network connectivity solutions and currently trading at $4.97 with a market capitalization of $1.08 billion, announced the outcomes of its annual stockholders’ meeting today. The company, which has seen an impressive 367% return over the past year according to InvestingPro, reported that stockholders voted in favor of all five proxy proposals presented.
During the meeting, stockholders re-elected eight directors: Stephen C. Gray, L. William Krause, Joanne M. Maguire, Thomas J. Manning, Derrick A. Roman, Charles L. Treadway, Claudius E. Watts IV, and Timothy T. Yates. These directors will serve until the 2026 annual meeting. Additionally, Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year 2025.
The compensation of CommScope’s named executive officers received advisory approval from the stockholders. Furthermore, the proposal to approve additional shares under the company’s 2019 Long-Term Incentive Plan was also passed.
In a separate class vote, the holders of Series A Convertible Preferred Stock re-elected Scott H. Hughes and Patrick R. McCarter as directors, who will also serve terms ending at the 2026 annual meeting.
CommScope is actively engaged in developing advanced wired and wireless network technologies, employing a team of innovators and technologists worldwide. With annual revenue of $4.42 billion and a "GOOD" financial health rating from InvestingPro, the company appears well-positioned in its market. This news is based on a press release statement from CommScope. For detailed analysis and 12 additional exclusive insights about CommScope, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, CommScope Holding Company reported its first-quarter 2025 earnings with a notable performance. The company’s earnings per share (EPS) reached $0.14, surpassing the forecasted $0.08, while revenue was in line with expectations at $1.11 billion. CommScope’s core net sales rose by 23% year-over-year, and its core adjusted EBITDA increased 159% to $245 million. The company also reaffirmed its adjusted EBITDA guidance for 2025, projecting between $1,000 million and $1,050 million. These results reflect strong demand in data center connectivity and AI infrastructure, contributing to the company’s growth trajectory. CommScope’s CEO, Chuck Treadway, highlighted the company’s strategic positioning and favorable market dynamics. Additionally, the company faces potential challenges from tariffs, with an estimated impact of $10-$15 million in the second quarter, but plans to mitigate this through flexible manufacturing strategies.
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