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Cohu Inc. (NASDAQ:COHU), a leading provider of instruments for measuring and testing electricity and electronic signals with a market capitalization of $826 million, announced the results of its 2025 Annual Meeting of Stockholders held on May 16, 2025. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, despite facing recent market challenges with its stock down nearly 30% over the past six months. The shareholders voted on three significant proposals, with a majority of the shares represented at the meeting.
The first proposal concerned the election of Class 3 directors to serve until the 2028 Annual Meeting of Stockholders. The nominees, Steven J. Bilodeau, James A. Donahue, and Andreas W. Mattes, were elected with the following votes: Bilodeau received 38,747,100 votes for, 1,518,537 against, and 62,165 abstentions; Donahue received 37,860,160 votes for, 2,373,640 against, and 94,002 abstentions; Mattes received 39,973,447 votes for, 291,873 against, and 62,482 abstentions. In each case, there were 2,965,132 broker non-votes. These directors will oversee the company during a crucial period, as InvestingPro analysts project a return to profitability this year.
The second proposal was an advisory vote on executive compensation, which was approved with 39,375,330 votes for, 752,488 against, and 199,984 abstentions, alongside 2,965,132 broker non-votes.
The third proposal was the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year 2025. This proposal was also approved with 41,487,927 votes for, 1,753,414 against, and 51,593 abstentions.
The remaining directors, whose terms continue until 2026 and 2027, include William E. Bendush, Karen M. Rapp, Nina L. Richardson, Andrew M. Caggia, Yon Y. Jorden, and Luis A. Müller.
The meeting showcased strong shareholder participation with 93.1% of the shares outstanding as of the record date, March 21, 2025, being represented. This turnout underscores the shareholders’ active involvement in the company’s governance. With a current ratio of 5.2 and an Altman Z-Score of 4.9, InvestingPro data indicates the company maintains strong financial health despite recent challenges. Subscribers to InvestingPro can access over 30 additional financial metrics and insights about Cohu’s performance and outlook.
The information provided is based on a press release statement.
In other recent news, Cohu Inc. announced its first-quarter 2025 financial results, showing a mixed performance. The company reported revenue of $96.8 million, slightly exceeding the forecast of $96.61 million. However, Cohu’s non-GAAP earnings per share (EPS) came in at -$0.02, missing the expected -$0.0033. Despite the EPS miss, the company remains optimistic, providing guidance for second-quarter revenue growth to approximately $106 million, with a forecasted gross margin of 45%. Strategic initiatives, such as the integration of Tignis, are underway, aiming to enhance Cohu’s market position. Additionally, recurring orders increased by 28% quarter-over-quarter, indicating potential future growth. The company also highlighted new customer wins, including a significant order from a European semiconductor company for its power probe cards. Cohu continues to navigate market challenges, focusing on strategic acquisitions and innovations to support its growth strategy.
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