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Auburn National Bancorporation, Inc. (NASDAQ:AUBN), a profitable regional bank with a market capitalization of $70.57 million, announced the results of its Annual Meeting of Shareholders held on May 13, 2025. According to InvestingPro analysis, the company is currently trading slightly below its Fair Value, with a modest P/E ratio of 10.78. The key matters addressed included the election of directors, executive compensation advisory votes, an amendment to the company’s Certificate of Incorporation, and the ratification of the company’s independent registered public accounting firm for the upcoming fiscal year.
At the meeting, shareholders elected 11 directors to the Board of Directors for one-year terms expiring at the 2026 Annual Meeting of Shareholders. The elected directors are C. Wayne Alderman, Terry W. Andrus, J. Tutt Barrett, Laura J. Cooper, Robert W. Dumas, William F. Ham, Jr., David A. Hedges, David E. Housel, Michael A. Lawler, Anne M. May, and Sandra J. Spencer.
Shareholders approved, on a non-binding advisory basis, the compensation of the company’s "named executive officers" as disclosed in the Proxy Statement. They also recommended, on a similar non-binding advisory basis, that such compensation votes be conducted annually.
An amendment to the company’s Certificate of Incorporation was approved, which limits the liability of officers in accordance with the Delaware General Corporation Law. Additionally, the appointment of Elliott Davis LLC as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.
In line with the shareholders’ recommendation regarding the frequency of non-binding advisory votes on executive compensation, Auburn National Bancorporation, Inc. will include this proposal in its proxy materials for the 2026 annual meeting.
The company, based in Auburn, Alabama, and incorporated in Delaware, is engaged in state commercial banking activities. The bank has maintained an impressive track record of 31 consecutive years of dividend payments, currently offering a 5.35% dividend yield. InvestingPro subscribers can access additional insights, including 12+ exclusive ProTips and comprehensive financial metrics about AUBN’s performance and outlook. The information reported is based on the company’s SEC filing.
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