Intel stock spikes after report of possible US government stake
Raymond (NSE:RYMD) E. Cabillot, a director and significant shareholder of Pro Dex Inc (NASDAQ:PDEX), has sold shares worth $560,229, according to a recent SEC filing. The transactions, executed on January 27 and 28, were carried out under a Rule 10b5-1 trading plan. The shares were sold at prices ranging from $41.00 to $42.00. The sale comes as PDEX trades near its 52-week high, having surged over 120% in the past six months. According to InvestingPro, the company currently trades above its Fair Value with a P/E ratio of 27.5x. Following these transactions, Cabillot holds 319,752 shares indirectly through Farnam Street Partners, L.P. InvestingPro analysis shows PDEX maintains a "GREAT" financial health score, with management actively buying back shares. Discover 12 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
In other recent news, Pro-Dex , Inc. has shared a series of significant updates. The company’s shareholders recently elected seven members to the board of directors and ratified Moss Adams, LLP as the independent accounting firm for the upcoming fiscal year. The elected board members, including Raymond E. Cabillot, Angelita R. Domingo, and Richard L. Van Kirk, will serve until the 2025 Annual Meeting. Moss Adams, LLP’s appointment as the company’s accounting firm was passed with an overwhelming majority of votes.
In addition to these developments, Pro-Dex’s shareholders approved the compensation of the company’s Named Executive Officers on a non-binding advisory basis. This approval includes a $70,000 bonus for Chief Executive Officer Richard L. Van Kirk and a $50,000 bonus for Chief Financial Officer Alisha K. Charlton. These bonuses were awarded following a strong fiscal performance in the first quarter of the fiscal year 2025. This series of events represents recent developments in the company’s operations and governance.
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