Raymond (NSE:RYMD) E. Cabillot, a director and ten percent owner of Pro Dex Inc. (NASDAQ:PDEX), has reported the sale of shares valued at $94,577, according to a recent SEC filing. The transactions, executed under a pre-established Rule 10b5-1 trading plan, took place on January 23 and 24. The shares were sold at prices ranging from $41.44 to $42.00. The sale comes amid Pro Dex’s impressive 117% surge over the past six months, with the company maintaining a strong financial health score according to InvestingPro data. Following these transactions, Cabillot, through Farnam Street Partners, L.P., holds 333,210 shares of Pro Dex. The sales reflect a strategic move within the framework of a trading plan adopted in September 2024. While this insider sale has occurred, InvestingPro analysis reveals management has been actively buying back shares, with the company maintaining strong liquidity and operating with moderate debt levels. Discover 11 more exclusive ProTips and comprehensive financial metrics with an InvestingPro subscription.
In other recent news, Pro-Dex Inc. has seen significant developments with its board and executive compensation. The company’s shareholders elected seven members to the board of directors and ratified the appointment of 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 others, will serve until the 2025 Annual Meeting.
In addition to board elections, shareholders also approved the compensation of the company’s Named Executive Officers. This decision was reflected in the recent bonuses awarded to Chief Executive Officer Richard L. Van Kirk and Chief Financial Officer Alisha K. Charlton. The Compensation Committee approved a $70,000 bonus for Van Kirk and a $50,000 bonus for Charlton, as disclosed in a recent SEC filing.
These bonuses were awarded due to the company’s performance during the first quarter of the fiscal year 2025 and other performance metrics. This series of executive bonuses follows a strong fiscal performance by Pro-Dex Inc., demonstrating the company’s financial health and the effective leadership of its executives. These are some of the recent developments at Pro-Dex Inc.
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