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CSW Industrials, Inc. (NYSE:CSW), a $4.6 billion industrial company with a GREAT financial health score according to InvestingPro, announced that on August 26, its board of directors promoted Fang Wang to vice president and chief accounting officer. The company, which has shown impressive revenue growth of 12.27% over the last twelve months, continues to strengthen its executive team. Wang, who previously served as vice president and corporate controller, will now act as the company’s principal accounting officer under Section 16 of the Securities Exchange Act.
Following Wang’s appointment, James Perry, executive vice president and chief financial officer, ceased to serve as principal accounting officer but continues in his role as principal financial officer.
Wang, age 48, joined CSW Industrials in December 2018 as assistant corporate controller and was promoted to vice president, corporate controller in November 2020. Prior to joining the company, she was director of accounting and reporting at Service King and spent 10 years at KPMG focusing on publicly traded companies in the consumer and industrial products sector. With a strong current ratio of 2.86 and moderate debt levels, Wang joins a company that demonstrates solid financial management. For detailed insights into CSW’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro’s exclusive research reports. Wang is a certified public accountant in New York and holds degrees from Beijing Technology and Business University and Tufts University.
The company stated there are no arrangements or understandings with other persons regarding Wang’s appointment, and no family relationships or transactions requiring disclosure under SEC regulations.
CSW Industrials also reported the results of its annual meeting of shareholders held on August 28. Shareholders present represented 93.47% of the 16,804,781 shares entitled to vote as of the July 10 record date. The company, which has raised its dividend for six consecutive years and maintains a healthy Altman Z-Score of 11.39, continues to demonstrate strong corporate governance and financial stability.
All nominated directors were elected for one-year terms expiring in 2026. Among the nominees, votes in favor ranged from 93.61% to 99.85%. Shareholders approved, on an advisory basis, the compensation of named executive officers, with 96.34% voting in favor and 3.65% against. Grant Thornton LLP was ratified as the company’s independent registered public accounting firm for fiscal 2026, receiving 99.71% of votes in favor.
No other matters were voted on at the meeting. This information is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, CSW Industrials announced that its Board of Directors has declared a regular quarterly cash dividend of $0.27 per share. The dividend is scheduled to be payable on August 8, 2025, for shareholders who are on record by the close of business on July 25, 2025. This announcement was made through a company press release. Investors often look at dividend announcements as they reflect the company’s financial health and commitment to returning value to shareholders. Dividends can be an important factor for those considering long-term investments. CSW Industrials’ decision to maintain its dividend payout can be seen as a sign of stability. This development is among the recent updates concerning the company.
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