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Bridgford Foods Corporation (NASDAQ:BRID), a $70.5 million market cap manufacturer of frozen and snack food products trading near its 52-week low of $7.77, announced the results of its annual shareholder meeting held on March 19, 2025. The Anaheim-based company, which generated $221.35 million in revenue over the last twelve months, reported that shareholders voted on several key proposals during the virtual meeting, which was attended by 94% of eligible shareholders.
During the meeting, all management-nominated directors were elected to serve one-year terms. The elected directors include William L. Bridgford, Allan Bridgford Sr., Todd C. Andrews, Raymond (NSE:RYMD) F. Lancy, Keith A. Ross, Mary Schott (ETR:1SXP), D. Gregory Scott, and John V. Simmons. The detailed voting results for each director have been disclosed in the company’s SEC filing. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 5.05, though it reported a loss of $0.63 per share over the last twelve months.
Additionally, shareholders approved the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2025. The proposal was passed with a significant majority, with 8,507,187 votes for, 21,252 against, and 179 abstentions.
A shareholder proposal to take Bridgford Foods private was not approved. The voting results showed 690,046 in favor, 7,555,665 against, and 1,393 abstentions, with 281,514 broker non-votes.
No other matters were presented for consideration at the Annual Meeting. The company’s definitive proxy statement for the Annual Meeting was filed with the Securities and Exchange Commission on February 27, 2025. InvestingPro analysis reveals additional insights about Bridgford Foods’ financial health and market position, with 7 more exclusive ProTips available to subscribers.
The information in this article is based on Bridgford Foods Corporation’s recent SEC filing.
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