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Alto Ingredients, Inc. (NASDAQ:ALTO), currently trading at $1.08 per share and down 33% over the past six months, held its 2025 Annual Meeting of Stockholders on Wednesday. According to InvestingPro analysis, the company maintains a Fair financial health rating despite facing significant operational challenges. Shareholders elected six directors to the board, approved executive compensation, set the frequency of future advisory votes on executive pay, and ratified the appointment of the company’s independent auditor. With the company’s market capitalization at $83.4 million and significant cash burn concerns, these governance decisions are particularly crucial. For deeper insights into Alto’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
The six directors elected to serve until the next annual meeting are Bryon T. McGregor, Maria G. Gray, Gilbert E. Nathan, Dianne S. Nury, Jeremy T. Bezdek, and Alan R. Tank. Vote totals for the nominees ranged from 21,608,191 to 24,554,519 in favor, with votes withheld ranging from 3,762,561 to 6,708,889.
Shareholders approved the 2024 compensation for named executive officers, with 20,574,474 votes in favor, 7,267,671 against, and 474,935 abstaining. There were 21,963,347 broker non-votes recorded.
On the advisory vote regarding the frequency of future executive compensation votes, 19,674,028 votes supported holding the vote every year, 383,152 supported every two years, and 6,798,561 supported every three years. There were 1,461,339 abstentions.
The appointment of RSM US LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025, was ratified with 47,661,181 votes in favor, 2,345,208 against, and 274,038 abstentions.
This information is based on a press release statement contained in a filing with the Securities and Exchange Commission. InvestingPro subscribers have access to additional insights, including 10 key ProTips about Alto’s financial position and detailed metrics that help evaluate the company’s future prospects.
In other recent news, Alto Ingredients reported a first-quarter 2025 loss, with earnings per share (EPS) coming in at -$0.16, significantly missing the forecast of -$0.02. The company’s revenue also fell short of expectations, totaling $226.5 million compared to the projected $236.1 million. Despite these financial setbacks, the company remains optimistic about future demand and legislative support for E15 fuel. In strategic moves, Alto Ingredients acquired a new CO2 processing plant and obtained ISCC certification to enhance its operations and market reach. The acquisition of the CO2 plant has already shown positive benefits, as noted by CFO Rob Olander. Meanwhile, the company’s stock saw a 4.64% increase in aftermarket trading, reflecting investor optimism about its strategic direction. Additionally, the company is focusing on carbon capture storage initiatives and exploring ways to reduce expenses. Analysts from firms like H.C. Wainwright discussed the potential impact of Illinois CO2 sequestration legislation and the strategic decision to idle the Magic Valley facility during the earnings call.
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