A.K.A. Brands Shareholders Elect Board Members, Ratify Auditor

In a recent shareholder meeting held on May 27, 2025, A.K.A. Brands Holding Corp. (NYSE:AKA), a $138 million market cap company currently facing financial headwinds according to InvestingPro data, announced the election of board members and the ratification of their independent accounting firm. The meeting saw a significant turnout with 77.56% of the total shares entitled to vote being represented.

Three nominees were elected to the company’s board of directors for terms ending at the 2028 annual meeting of shareholders. Christopher Dean received 7,811,450 votes for, with 52,105 withheld and 429,388 broker non-votes. Ilene Eskenazi garnered 7,821,999 votes for, 41,556 withheld, and 429,388 broker non-votes. Matthew Hamilton was elected with 7,817,974 votes for, 45,581 withheld, and again 429,388 broker non-votes.

Moreover, the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with an overwhelming majority. The firm received 8,270,468 votes for, 22,319 against, and 156 abstentions.

The details of these corporate governance matters were made public through an 8-K filing with the Securities and Exchange Commission (SEC) by A.K.A. Brands, a San Francisco-based retail-catalog and mail-order house. The filing, dated May 30, 2025, confirms that all proceedings were in accordance with the SEC regulations and shareholder rights.

This information is based on a press release statement and provides insights into the company’s governance and shareholder engagement. It reflects the shareholders’ confidence in the elected board members and their chosen accounting firm to oversee the company’s financial integrity.

In other recent news, AKA Brands Holding Corp reported strong financial results for Q1 2025, with net sales increasing by 10.1% year-over-year to $129 million. The company’s U.S. operations led the growth with a 14.2% increase, while Australia and New Zealand also showed a positive turn with a 6.2% rise in sales. The company’s adjusted EBITDA saw a significant boost, reaching $2.7 million compared to $900,000 in the previous year. Telsey Advisory Group responded to these results by raising their price target for AKA Brands to $10.00, maintaining a Market Perform rating, acknowledging the company’s improved gross margin and inventory management.

KeyBanc Capital Markets maintained a Sector Weight rating on the company, noting the company’s successful omnichannel strategy and customer acquisition efforts. Despite the positive performance, analysts from both firms highlighted ongoing challenges, including tariff impacts, which the company is addressing by diversifying its supply chain away from China. AKA Brands’ management remains optimistic about overcoming these hurdles, projecting full-year net sales between $600 million and $610 million, with anticipated adjusted EBITDA ranging from $24 million to $27.5 million. The company is also focusing on expanding its product lines and retail partnerships to drive future growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.