EU and US could reach trade deal this weekend - Reuters
Align Technology , Inc. (NASDAQ:ALGN), a leading medical device company in the field of orthodontics with a market capitalization of $12.5 billion, announced on Wednesday several key outcomes from its 2025 Annual Meeting of Stockholders. The company, known for its innovative solutions in dental braces and clear aligner products, reported the approval of an amendment to its 2005 Incentive Plan and the election of directors, among other matters. According to InvestingPro data, the company maintains strong profitability with a 70% gross margin and appears undervalued based on Fair Value analysis.
Stockholders voted on several proposals during the Annual Meeting, which included the election of ten director nominees, each set to serve a one-year term. The directors, whose names were listed in the company’s proxy statement, received a majority of votes for their appointment.
In a significant development, the stockholders approved the amendment to the company’s 2005 Incentive Plan. This amendment is expected to modify the number of shares authorized for issuance under the plan, details of which were included in the proxy statement and can be found in the Form 8-K filed with the Securities and Exchange Commission.
Additionally, the attendees ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Further, an advisory vote was passed to approve the compensation of the company’s named executive officers.
The stockholders also voted on a proposal to amend Align Technology’s Amended and Restated Certificate of Incorporation, replacing supermajority provisions with a simple majority vote requirement. Moreover, an advisory proposal allowing stockholders owning 25% of the company’s outstanding common stock to call a special meeting was approved.
The company’s commitment to aligning executive compensation with performance and enhancing shareholder rights was evident in the voting results. These changes reflect Align Technology’s ongoing efforts to adapt its corporate governance practices to the evolving expectations of its investors.
Align Technology’s complete filing, including the full text of the amendments and the voting results, is available on the SEC’s website. The information provided in this article is based on the company’s recent SEC filing.
In other recent news, Align Technology announced robust earnings for Q1 2025, reporting an earnings per share (EPS) of $2.13, surpassing analyst forecasts of $2.00. The company’s revenue reached $979.3 million, slightly above the anticipated $977.54 million, despite a 1.8% year-over-year decline. Align Technology also introduced a new $1 billion stock repurchase program, reflecting its strong financial position and commitment to enhancing shareholder value. The company completed its previous $1 billion buyback earlier in the year. Additionally, Stifel analysts maintained their Buy rating on Align Technology, with a price target of $275, following the company’s 2025 Investor Day. Align Technology revised its long-term revenue growth forecast to 5-15% for 2026-2028, down from the previous 20-30% target. The company emphasized its focus on geographic expansion and technological advancements, particularly in the Asia-Pacific and EMEA regions. These recent developments highlight Align Technology’s strategic efforts to sustain growth and adapt to market dynamics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.