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On Monday, AvePoint, Inc., a Delaware corporation, conducted its 2025 annual meeting of stockholders. The meeting’s agenda included the re-election of two directors, Tianyi Jiang and Janet Schijns, to serve on the company’s board until the 2028 annual meeting, approval of executive compensation, and ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year 2025.
The voting results confirmed Tianyi Jiang and Janet Schijns as Class I directors with 154,477,971 and 127,271,199 votes for their respective re-elections. The executive compensation proposal received approval with 154,070,585 votes for, while Deloitte & Touche LLP was ratified with 171,218,351 votes in favor.
The meeting outcomes indicate shareholder confidence in the current board’s direction and the company’s executive compensation practices. The appointment of Deloitte & Touche LLP as the company’s auditor for another year also suggests satisfaction with the firm’s previous auditing services.
These decisions were made in accordance with the voting procedures outlined in the proxy statement filed on March 14, 2025. The meeting was held in line with the protocols detailed therein, which included the calculation of quorums and the necessary votes for approval.
AvePoint, listed on the Nasdaq Global Select Market under the ticker AVPT, specializes in services and prepackaged software. The company’s headquarters are located in Jersey City, NJ.
This information is based on a press release statement.
In other recent news, Avepoint Inc (NASDAQ:AVPT). reported its fourth-quarter 2024 earnings, revealing an earnings per share of -$0.09, which missed the analyst forecast of $0.05. However, the company exceeded revenue expectations, achieving $89.18 million against a forecast of $87.87 million, marking a 20% year-over-year increase. Despite this revenue growth, the earnings miss led to a significant drop in the stock price. In a related development, Scotiabank (TSX:BNS) initiated coverage on Avepoint with a Sector Outperform rating and a price target of $19.00, citing the company’s strong positioning to benefit from the adoption of Microsoft (NASDAQ:MSFT) 365 Copilot and AI technologies. Meanwhile, Citi adjusted its price target for Avepoint to $16.00 from $18.00 while maintaining a Neutral rating, reflecting cautious optimism about the company’s financial goals and strategic moves, including a dual-listing in Singapore. Avepoint’s recent investor day highlighted its ongoing efforts to expand market share and brand recognition, as well as its strategies to scale indirect distribution and diversify beyond Microsoft reliance. The company also announced strategic initiatives, including new data security solutions and an acquisition, as part of its broader focus on data governance and AI readiness.
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