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Associated Capital Group, Inc. (NYSE:AC) conducted its 2024 Annual Meeting of Shareholders on Wednesday. The meeting, based on a recent SEC filing, reported the election of nine directors to the board and the ratification of Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025.
As of April 16, 2025, the record date for the meeting, Associated Capital had 2,192,901 shares of Class A common stock and 18,950,571 shares of Class B common stock outstanding. Class A shares carry one vote each, while Class B shares carry ten votes each. The meeting saw participation from 1,631,332 shares of Class A stock and 18,430,506 shares of Class B stock, meeting the quorum requirement. InvestingPro data shows the company maintains strong liquidity with a current ratio of 24.03, and has consistently paid dividends for 10 consecutive years.
The board of directors elected includes Mario J. Gabelli, Marc Gabelli, Douglas R. Jamieson, Daniel R. Lee, Bruce M. Lisman, Richard T. Prins, Frederic V. Salerno, Salvatore F. Sodano, and Elisa M. Wilson. Each director will serve until the 2026 Annual Meeting or until their successors are elected and qualified.
Shareholders also ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm. The voting results were 1,672,501 votes in favor, 386 against, and 184,263,505 abstentions.
This information is based on a press release statement filed with the SEC.
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