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Richard Eugene Bridgford, Vice President of Industrial Relations & Safety at Bridgford Foods Corp (NASDAQ:BRID), recently acquired 50 shares of the company’s common stock. The purchase, executed on June 9, 2025, was made at a price of $7.90 per share, totaling $395. Following this transaction, Bridgford’s direct ownership in the company increased to 2,900 shares. This acquisition reflects Bridgford’s ongoing commitment to the company amidst the competitive food industry landscape. According to InvestingPro analysis, the company maintains strong liquidity with a current ratio of 3.88 and appears undervalued based on its Fair Value assessment.
In other recent news, Bridgford Foods Corporation held its annual shareholder meeting, where several significant proposals were voted on. Shareholders elected all management-nominated directors to serve one-year terms, including William L. Bridgford and Allan Bridgford Sr. Additionally, the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2025, was approved by a substantial majority. A notable proposal to take Bridgford Foods private was not approved, with a majority of votes cast against it. The detailed voting results for each director and the proposals were disclosed in the company’s SEC filing. The meeting was attended by 94% of eligible shareholders, emphasizing strong shareholder engagement. The company’s definitive proxy statement for the meeting was filed with the SEC in February 2025.
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