arteris conducts annual meeting with key votes on directors and auditor

Arteris , Inc. (NASDAQ:AIP), a semiconductor and related devices company with a market capitalization of $321 million, held its annual stockholder meeting on Tuesday. According to InvestingPro data, the company maintains impressive gross profit margins of 90% despite challenging market conditions. The meeting involved two primary proposals, as outlined in the company’s proxy statement filed with the Securities and Exchange Commission on April 23, 2025. InvestingPro analysis indicates the company’s overall financial health score is currently rated as Weak, with 4 analysts recently revising their earnings expectations downward for the upcoming period.

The first proposal was the election of two Class I directors, K. Charles Janac and S. Atiq Raza, to serve until the 2028 annual meeting or until their successors are elected. K. Charles Janac received 27,307,847 votes in favor and 107,614 votes withheld. S. Atiq Raza garnered 24,112,098 votes for and 3,303,363 votes withheld. Both nominees also saw 4,325,257 broker non-votes.

The second proposal was the ratification of Deloitte & Touche, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received 31,548,805 votes for, 131,865 against, and 60,048 abstentions. As a routine proposal, no broker non-votes were recorded for this item.

The voting results were based on the 41,463,290 shares of voting common stock outstanding as of the record date, April 10, 2025. This information was disclosed in an SEC filing submitted by Arteris.

In other recent news, Arteris Inc. reported a significant 28% increase in revenue for the first quarter of 2025, reaching $16.5 million, which exceeded the forecast of $15.69 million. The company’s performance was bolstered by a strong demand in AI, automotive, and enterprise segments. Arteris also achieved a record annual contract value plus royalties of $66.8 million, marking a 15% year-over-year increase. The company maintained a robust non-GAAP gross margin of 92% and generated a positive free cash flow of $2.7 million during the quarter.

In other developments, Arteris joined the Intel (NASDAQ:INTC) Foundry Accelerator Program and opened a new engineering center in Krakow, Poland, to further expand its global footprint. AI-related deals now account for over 55% of Arteris’ total business, highlighting the company’s strategic focus on AI technologies. The company also released new AI-driven products and expanded its workforce to support its growth initiatives. Arteris projects full-year 2025 revenue between $65 million and $71 million, with expectations of continued growth in AI and automotive sectors.

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