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Shareholders of AZZ Inc . (NYSE:AZZ) approved all proposals presented at the company’s annual meeting held Tuesday, according to a press release statement based on the company’s filing with the Securities and Exchange Commission.
During the meeting, shareholders elected seven directors to serve one-year terms until the next annual meeting. The elected directors and their respective “for” votes were Daniel E. Berce (26,622,541), Daniel R. Feehan (25,598,285), Thomas E. Ferguson (26,848,985), Clive A. Grannum (26,915,510), Carol R. Jackson (24,677,367), Ed McGough (26,003,225), and Steven R. Purvis (26,075,853).
Shareholders also approved, on an advisory basis, the company’s executive compensation program. The vote tally for this proposal was 26,367,338 in favor, 492,126 against, and 96,119 abstaining. There were 1,594,192 broker non-votes recorded for this item.
Additionally, shareholders ratified the appointment of Grant Thornton LLP as AZZ Inc.’s independent registered public accounting firm for the fiscal year ending February 28, 2026. The vote was 28,432,473 in favor, 19,975 against, and 97,327 abstaining.
AZZ Inc. is a Texas-based company listed on the New York Stock Exchange under the symbol AZZ. The company provides coating, engraving, and allied services. All information is based on the company’s SEC filing.
In other recent news, AZZ Inc. reported its fourth-quarter earnings for fiscal year 2025, meeting earnings per share (EPS) expectations at $0.98 but falling short on revenue with $351.9 million against a forecast of $375.63 million. The company noted a robust full-year performance with a 2.6% increase in sales to $1.578 billion and a significant 26.8% rise in net income to $128.8 million. AZZ also announced a 17.6% increase in its quarterly dividend to $0.20 per share, payable on July 31, 2025. In strategic moves, AZZ acquired Canton Galvanizing, LLC, expanding its network to 42 galvanizing sites across North America. Fitch Ratings revised AZZ’s outlook to positive, affirming its Long-Term Issuer Default Rating at ’BB’, citing the company’s strong market position and commitment to debt reduction. Meanwhile, Jefferies adjusted AZZ’s stock price target to $99, maintaining a Buy rating, indicating continued confidence in the company’s prospects. Additionally, AZZ expects its new aluminum coil coating facility to generate positive free cash flow in the near term, with anticipated annual sales of approximately $60 million by fiscal year 2027.
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