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ARKO Corp. (NASDAQ:ARKO), a convenience store operator with a market capitalization of $500.83 million, conducted its 2025 Annual Meeting of Stockholders on Thursday, where several key proposals were put to a vote. The meeting comes as the company’s stock has declined 38% over the past six months, currently trading at $4.40. According to the company’s SEC filing, stockholders voted on the election of six directors, approval of executive compensation, ratification of the appointment of an independent auditor, and a stockholder proposal regarding director elections.
The election of directors saw Sherman K. Edmiston III, Avram Friedman, Andrew R. Heyer, Steven J. Heyer, Laura Shapira Karet, and Arie Kotler confirmed to the board. Each director will serve until the 2026 Annual Meeting or until successors are elected. The voting results indicated a significant number of votes in favor, with Edmiston receiving 79,405,056 votes for and 26,136,841 votes withheld. According to InvestingPro data, these directors will oversee a company that maintains strong liquidity with a current ratio of 1.55x, though it faces challenges with weak gross profit margins of 14.57%.
In a non-binding advisory vote, stockholders approved the compensation for ARKO’s named executive officers as outlined in the 2025 Proxy Statement. The results showed 77,655,313 votes in favor, 27,288,796 against, and 597,788 abstentions.
The stockholders also ratified the appointment of Grant Thornton, LLP as the company’s independent registered public accounting firm for the 2025 fiscal year. The proposal received 88,505,832 votes in favor, 21,870,207 against, and 9,795 abstentions.
A stockholder proposal to amend ARKO’s governing documents to require majority voting in uncontested director elections did not pass. The proposal garnered 39,944,869 votes in favor and 64,609,758 against, with 612,313 abstentions.
The information is based on a press release statement filed with the SEC. No other matters were considered or voted upon during the meeting. For investors seeking deeper insights into ARKO’s financial health and future prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, featuring detailed metrics and expert analysis among its 8+ additional ProTips for this stock.
In other recent news, Arko Corp reported a net loss of $12.7 million for the first quarter of 2025, a significant increase from the $0.6 million loss in the same period last year. Despite the negative earnings, the company maintained its full-year adjusted EBITDA guidance of $233 million to $253 million. Arko’s retail segment saw a decline, contributing $40.2 million compared to $46.5 million in the prior year, while adjusted EBITDA decreased to $30.9 million from $33.2 million in Q1 2024. Severe winter weather was cited as a factor negatively impacting Q1 performance. The company continues to focus on strategic initiatives, including a new campaign and store remodels, to drive future growth. Arko projects an adjusted EBITDA of $70 million to $80 million for Q2 2025. Additionally, analysts discussed the strengthening fuel margins, which reached $0.46 per gallon in April and May. The company’s dealerization program and strategic store investments were also highlighted as part of Arko’s focus on long-term growth strategies.
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