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Asure Software Inc . (NASDAQ:ASUR), a $260 million market cap company currently trading at $9.61, announced that its stockholders approved several significant proposals during the company’s annual meeting held on Monday. According to InvestingPro data, while the company isn’t currently profitable, analysts expect positive earnings this year. The decisions were based on a recent 8-K filing with the Securities and Exchange Commission (SEC).
Among the approved items was the Fourth Amended and Restated Rights Agreement, which extends the expiration date from October 28, 2025, to October 28, 2028. This agreement was initially approved by Asure’s Board on April 16, 2025, and received stockholder approval during the meeting. The agreement, which involves Equiniti Trust Company LLC as the rights agent, replaces the previous arrangement with American Stock Transfer & Trust Company LLC.
In addition to the rights agreement, stockholders ratified the appointment of CBIZ (NYSE:CBZ) CPAs PC as the independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received overwhelming support, with 99.79% of votes cast in favor.
The meeting also saw approval for an amendment to the 2018 Incentive Award Plan, allowing for an increase of 2,250,000 shares of common stock available for issuance. This proposal garnered support from 68.58% of the votes cast.
Furthermore, on a non-binding advisory basis, stockholders approved the compensation of the company’s named executive officers, with 84.40% of votes in favor. They also agreed on a three-year frequency for future advisory votes on executive compensation, supported by 53.56% of the votes.
The election of seven directors was also confirmed, with each director receiving a majority of votes in favor. This ensures that the board will continue to oversee the company’s strategic direction.
The decisions made during the meeting are detailed in Asure Software’s 8-K filing with the SEC, providing transparency to investors and stakeholders about the company’s governance and strategic plans. With analyst price targets ranging from $11 to $20 and revenue expected to grow 13% this year, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, which offer expert analysis on over 1,400 US stocks.
In other recent news, Asure Software reported its Q1 2025 earnings, revealing a significant miss on earnings per share (EPS), which was -$0.09 compared to the forecast of $0.26. The company’s revenue also slightly fell short of expectations, totaling $34.9 million against a projected $35.37 million. Despite these misses, Asure Software experienced a 10% year-over-year revenue growth, primarily driven by recurring revenues. Needham analysts maintained a Buy rating on Asure Software, keeping the price target at $20.00, suggesting confidence in the company’s future financial performance. The firm has adjusted its EBITDA forecasts to reflect anticipated trends in operating expenses for the fiscal year 2025, predicting a potential decrease or stabilization in expenses after Q2 2025. Asure Software has also launched new products and expanded its tax solutions to Canada, with positive future guidance indicating anticipated revenue growth. The company maintains full-year 2025 revenue guidance between $134 million and $138 million, with adjusted EBITDA margins of 23-24%. Investors will be closely monitoring Asure’s ability to manage operating expenses effectively and achieve the forecasted financial outcomes.
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