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Sypris Solutions Inc. (NASDAQ:SYPR), a $48 million market cap company with a "Fair" financial health rating according to InvestingPro, recently saw a significant transaction involving its Vice President of Administration, Curtis S. Petrie. According to a filing with the Securities and Exchange Commission, Petrie sold 33,925 shares of the company’s common stock on June 11, 2025. The shares were sold at a weighted average price of $1.97, resulting in a total transaction value of $66,832.
Following this sale, Petrie retains ownership of 50,000 shares in Sypris Solutions. The shares were sold in multiple transactions at prices ranging from $1.9559 to $1.9902.
In other recent news, Sypris Solutions, Inc. held its annual stockholders’ meeting, where key proposals were voted on, including the election of directors and the approval of the 2025 Sypris Omnibus Plan. The election saw Gary L. Convis and Robert Sroka secure their positions as Class II directors until 2028. Stockholders approved the 2025 Sypris Omnibus Plan and an advisory resolution on executive compensation. Additionally, stockholders favored an annual advisory vote on executive compensation, aligning with the Board of Directors’ recommendation. In another development, Sypris Solutions secured a $3 million loan from Gill Family Capital Management, a firm controlled by its CEO, Jeffrey T. Gill, and director R. Scott Gill. This loan increases the total principal amount to $12 million, with a staggered repayment schedule extending to 2029. The company has the option to defer interest payments until 2026, as disclosed in a recent SEC filing.
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