Acorn Energy shareholders elect directors and approve auditor at annual meeting

Acorn Energy, Inc. (NASDAQ:ACFN) held its Annual Meeting of Stockholders on Wednesday. The company, which has delivered an impressive 196% return over the past year according to InvestingPro data, gathered shareholders to vote on three proposals. With a market capitalization of $72 million and strong revenue growth of 51% in the last twelve months, the company has shown remarkable performance.

For the first proposal, shareholders elected Jan H. Loeb, Gary Mohr, Michael F. Osterer, Peter Rabover, and Samuel M. Zentman to the Board of Directors. Each director will serve until the 2026 annual meeting or until a successor is elected and qualified. The votes for each nominee were as follows: Jan H. Loeb received 920,483 votes for and 4,285 votes withheld; Gary Mohr received 918,685 votes for and 6,083 votes withheld; Michael F. Osterer received 915,819 votes for and 8,949 votes withheld; Peter Rabover received 921,153 votes for and 3,615 votes withheld; Samuel M. Zentman received 916,106 votes for and 8,662 votes withheld. There were 935,560 broker non-votes recorded for each nominee. The board will oversee a company that maintains a healthy current ratio of 1.67 and operates with moderate debt levels, as reported by InvestingPro.

The second proposal involved ratifying the appointment of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Stockholders approved this proposal with 1,860,254 votes for, 69 votes against, and 5 abstentions. No broker non-votes were recorded for this item.

The third proposal was a non-binding advisory vote on the compensation of the company’s named executive officers. Shareholders approved this proposal with 918,908 votes for, 5,108 votes against, and 752 abstentions. There were 935,560 broker non-votes on this matter.

All voting results and details were provided in a press release statement and reported in the company’s SEC filing. Acorn Energy is incorporated in Delaware and its common stock trades on the Nasdaq Stock Market under the symbol ACFN.

In other recent news, Acorn Energy reported a strong performance in its Q2 2025 earnings call, showcasing a notable revenue increase of 55% year-over-year, reaching $3.53 million. The company also experienced a substantial rise in fully diluted earnings per share (EPS), which climbed to $0.28 from $0.11 in Q2 2024. These results highlight the company’s solid financial growth and strategic progress. Analyst firms have taken note of Acorn Energy’s performance, although specific upgrades or downgrades were not mentioned. Investors may find these developments significant as they reflect the company’s ongoing growth trajectory. The company’s financial achievements are a focal point for stakeholders looking to understand its current market position. These recent developments underscore Acorn Energy’s commitment to enhancing shareholder value through its strategic initiatives.

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