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AquaBounty Technologies, Inc. (NASDAQ:AQB), a biotechnology company focused on enhancing productivity in the aquaculture market, held its Annual Meeting of Stockholders on June 12, 2025. The micro-cap company, currently valued at $3.23 million with shares trading at $0.83, faces significant financial challenges with a current ratio of 0.54 and negative returns on assets. According to InvestingPro analysis, the company is quickly burning through cash, with short-term obligations exceeding liquid assets. During the meeting, shareholders voted on several key proposals, including the election of directors and the ratification of the company’s independent registered public accounting firm.
The election of directors resulted in the approval of all nominated individuals to the company’s Board for one-year terms. The detailed voting outcomes were as follows: Gail Sharps Myers received 618,701 votes for and 198,468 withheld with 1,117,965 broker non-votes; Christine St.Clare received 600,268 votes for and 216,901 withheld with the same number of broker non-votes; Rick Sterling had 613,110 votes for and 204,059 withheld; and Sylvia A. Wulf garnered 587,783 votes for and 229,386 withheld, all with 1,117,965 broker non-votes.
In addition, shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal passed with 1,731,746 votes for, 72,542 against, and 130,846 abstentions.
Furthermore, the compensation of the company’s named executive officers was approved on a non-binding, advisory basis. The advisory vote on executive compensation received 521,179 votes for, 214,230 against, and 81,760 abstentions, with 1,117,965 broker non-votes. The company’s financial performance remains challenging, with a basic EPS of -$28.57 over the last twelve months. Investors awaiting the next earnings report can mark their calendars for August 14, 2025. For deeper insights into AquaBounty’s financial health and additional investment signals, check out InvestingPro, which offers 9 more exclusive tips about this stock.
The company’s SEC filing also included an exhibit in the form of an Interactive Data File, which provided the cover page information in a format compatible with inline XBRL (eXtensible Business Reporting Language).
This summary is based on AquaBounty Technologies’ recent 8-K filing with the Securities and Exchange Commission.
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