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Apogee Enterprises, Inc. (NASDAQ:APOG), a $934 million market cap company with a solid track record of shareholder returns, held its annual meeting of shareholders on June 25, 2025, where all proposals presented to shareholders were approved, according to a statement released in a recent SEC filing. According to InvestingPro data, the company maintains healthy financials with liquid assets exceeding short-term obligations.
Shareholders re-elected two Class III directors, Elizabeth M. Lilly and Mark A. Pompa, to serve three-year terms expiring at the 2028 annual meeting. Lilly received 17,448,093 votes in favor, 191,789 against, and 20,942 abstentions, with 1,079,473 broker non-votes. Pompa received 16,601,947 votes in favor, 1,054,991 against, and 3,886 abstentions, with 1,079,473 broker non-votes.
An advisory vote to approve the company’s executive compensation was also passed. The proposal received 16,234,504 votes in favor, 1,392,456 against, and 33,864 abstentions, with 1,079,473 broker non-votes.
Shareholders further ratified the appointment of Deloitte & Touche LLP as Apogee Enterprises’ independent registered public accounting firm for the fiscal year ending February 28, 2026. The ratification received 18,487,452 votes in favor, 238,253 against, and 14,592 abstentions.
The information in this article is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Apogee Enterprises reported better-than-expected financial results for the first quarter of fiscal year 2026. The company achieved earnings per share of $0.56, surpassing the forecast of $0.49, and revenue reached $346.6 million, exceeding expectations of $331.1 million. Following these results, Apogee raised its full-year guidance for net sales to a range of $1.4 billion to $1.44 billion and adjusted diluted EPS to between $3.80 and $4.20. DA Davidson maintained its Neutral rating on Apogee Enterprises, adjusting its price target to $45.00 from $47.00, citing challenging market conditions and potential tariff impacts. The firm also pointed to uncertainty regarding fiscal 2027 performance due to a higher interest rate environment. Apogee is actively implementing cost-cutting measures and repositioning sales teams to address these challenges. The company is also pursuing strategic initiatives, including acquisitions, to drive growth. Despite market challenges, Apogee remains focused on operational improvements and strategic growth initiatives.
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