CSL shares plunge to 7-year low on delay in US vaccine business spinoff
Shareholders of Caci International Inc (NYSE:CACI) approved the company’s 2025 Incentive Compensation Plan at its annual meeting held Thursday. According to a statement based on a SEC filing, the new plan replaces the previous 2016 Amended and Restated Incentive Compensation Plan, which will no longer be used for new awards. The company has demonstrated solid performance with 12.6% revenue growth and maintains a healthy current ratio of 1.47.
Ten directors were elected to the board, including Lisa S. Disbrow, Susan M. Gordon, William L. Jews, Ryan D. McCarthy, John S. Mengucci, Scott C. Morrison, Philip O. Nolan, Debora A. Plunkett, Stanton D. Sloane, and Charles L. Szews. Each nominee received a majority of votes cast in favor. Get deeper insights into CACI’s governance and financial metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers as disclosed in the 2025 proxy statement. The 2025 Incentive Compensation Plan was approved with 17,750,993 votes in favor, 833,817 against, and 27,030 abstentions. There were 1,601,304 broker non-votes recorded.
Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for fiscal year 2026, with 19,629,748 votes in favor, 568,027 against, and 15,369 abstentions.
The information in this article is based on a press release statement and the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, CACI International has been actively securing significant contracts and receiving attention from investment analysts. The company has been awarded a $73 million contract with the U.S. Air Force to modernize its intelligence network, focusing on secure and timely situational awareness. Additionally, CACI secured a $180 million task order to enhance network operations for the Pacific Air Forces, supporting the U.S. Indo-Pacific Command. In Canada, CACI has been contracted for $124 million to provide tactical platforms to protect against drones, marking the second phase of their collaboration with the Canadian Armed Forces.
Investment analysts have also taken note of CACI’s activities. Cantor Fitzgerald reiterated its Overweight rating on CACI, raising the price target to $675 due to increasing investor interest in defense and intelligence sectors. Goldman Sachs upgraded CACI’s stock rating from Sell to Buy, with a new price target of $544, citing the company’s strong positioning in the defense sector. These developments highlight CACI’s strategic moves and the positive outlook from financial analysts.
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