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Clear Channel Outdoor Holdings, Inc. (NYSE:CCO), an outdoor advertising company with a market capitalization of $521.55 million and currently trading at $1.07, reported the outcomes of its Annual Meeting of Stockholders held on Thursday, May 29, 2025. According to InvestingPro analysis, the company appears slightly undervalued despite facing profitability challenges, with the stock down nearly 23% year-to-date. The filing with the Securities and Exchange Commission detailed the results of the votes on various proposals.
In the election of directors, all nominees were elected to serve one-year terms expiring at the 2026 Annual Meeting. The directors who were elected include John Dionne, Lisa Hammitt, Andrew Hobson, Timothy P. Jones, Thomas C. King, Joe Marchese, W. Benjamin Moreland, Scott R. Wells, Raymond (NSE:RYMD) T. White, and Jinhy Yoon. The votes for each director ranged from 326,534,342 to 355,533,149, with broker non-votes consistently at 103,445,605 for each director. These directors will oversee a company maintaining strong liquidity with a current ratio of 1.43, though managing a substantial debt load of $6.65 billion.
The advisory resolution on executive compensation received approval, with 353,367,066 votes for, 3,422,684 against, and 42,331 abstentions. There were also 103,445,605 broker non-votes for this proposal.
Stockholders ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2025. The accounting firm was confirmed with 451,659,193 votes for, 8,236,122 against, and 382,371 abstentions.
The report was signed and authorized by Lynn A. Feldman, Executive Vice President, Chief Legal Officer, and Corporate Secretary of Clear Channel Outdoor Holdings, Inc. This information is based on the official SEC filing by the company. For a deeper understanding of Clear Channel Outdoor’s financial health and growth prospects, including additional ProTips and comprehensive analysis, visit InvestingPro, where you’ll find the detailed Pro Research Report covering what really matters for informed investment decisions.
In other recent news, Clear Channel Outdoor Holdings Inc . reported its earnings for the first quarter of 2025, revealing a slight beat on earnings per share (EPS) but a miss on revenue expectations. The company posted an EPS of -$0.1128, surpassing the forecasted -$0.14, while revenue came in at $334 million, slightly below the anticipated $337.17 million. Despite the revenue miss, Clear Channel highlighted a 2.2% increase in revenue from the previous year, emphasizing its focus on digital transformation and operational efficiency. The company’s liquidity position remained strong with $568 million at the end of the quarter. Furthermore, Clear Channel maintains an optimistic outlook for 2025, projecting mid-single-digit growth in both consolidated revenue and adjusted EBITDA. The company has also been actively reducing its debt, with recent asset sales contributing to this effort. Analysts from firms like Morgan Stanley (NYSE:MS) and Wells Fargo (NYSE:WFC) have shown interest in the company’s strategic initiatives, particularly in cost reduction and digital growth.
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