Berry Corp shareholders vote on executive compensation

Dallas-based Berry Corporation (NASDAQ:BRY), currently trading at $2.48 and down over 61% in the past year, reported the results of its 2025 Annual Meeting of Stockholders, which took place on May 20, 2025. According to InvestingPro analysis, the company appears undervalued despite recent challenges, including short-term liquidity concerns. The key outcomes of the meeting, as disclosed in the company’s 8-K filing with the SEC, included the election of director nominees, the approval of executive compensation, and the ratification of the company’s independent auditor for the fiscal year ending December 31, 2025.

The six director nominees were elected with a significant majority. Fernando Araujo, Matthew Bob, Renée Hornbaker, Anne Mariucci, Rajath Shourie, and James Trimble received a range of 52,607,589 to 54,294,170 votes for their election, with withheld votes ranging from 556,679 to 2,243,260 and broker non-votes consistently reported as 10,640,281 for each nominee. The company, with a market capitalization of $193.21 million and maintaining dividend payments for 8 consecutive years, currently offers a 6.51% dividend yield.

In an advisory vote on executive compensation, stockholders demonstrated support with 43,576,564 votes for, 10,516,609 against, and 757,676 abstaining. As with the director elections, there were 10,640,281 broker non-votes.

Additionally, the stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the upcoming fiscal year with an overwhelming majority of 64,428,745 votes for, 784,956 against, and 277,429 abstentions.

These results reflect shareholder sentiment on the governance and oversight of the company, a crude petroleum and natural gas firm incorporated in Delaware. The announcement of the voting outcomes provides transparency and accountability to Berry Corporation’s stakeholders, as required by SEC regulations. For deeper insights into Berry Corporation’s financial health and future prospects, including 8 additional exclusive ProTips and comprehensive valuation analysis, visit InvestingPro.

The information for this report is based on a press release statement.

In other recent news, Berry Petroleum Corp reported strong financial results for the first quarter of 2025, surpassing both earnings and revenue forecasts. The company achieved earnings per share (EPS) of $0.12, exceeding the anticipated $0.105, while revenue reached $182.65 million, surpassing the expected $174.25 million. Berry Petroleum has reaffirmed its full-year 2025 guidance, highlighting its focus on high-return projects and efficient cost management. The company also announced a dividend of $0.30 per share. Analysts have shown interest in Berry’s strategic initiatives, particularly its thermal diatomite and Uinta Basin projects, which are progressing well. Berry Petroleum has maintained a strong hedge position, with approximately 73% of its oil production hedged for the remainder of the year. The company’s efforts to expand its operations in California and the Uinta Basin have resulted in a production average of 24,700 barrels per day. Berry Petroleum’s strategic focus on safety and operational efficiency was also emphasized, with the company reporting zero recordable incidents during the quarter.

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