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DallasNews Corporation (NASDAQ:DALN), currently trading at $4.42 and identified as undervalued by InvestingPro analysis, announced the results of its 2025 Annual Meeting of Shareholders held on Thursday, May 8, 2025. The company, with a market capitalization of $24.25 million, voted on two key proposals during the meeting, which are detailed in the company’s 2025 Proxy Statement dated March 26, 2025.
The first proposal involved the election of directors. Shareholders elected John A. Beckert, Louis E. Caldera, Ronald D. McCray, Grant S. Moise, and Dunia A. Shive as directors, each to serve a one-year term until the 2026 annual meeting. According to InvestingPro data, the company has shown profitability over the last twelve months, with a notably low P/E ratio of 0.81, suggesting potential value for investors. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription. The election saw a majority of votes cast in favor of the nominees, with the exact tally for each director as follows: Beckert received 6,862,599 votes for and 1,019,070 votes withheld; Caldera garnered 6,854,424 votes for and 1,027,245 votes withheld; McCray had 6,853,472 votes for and 1,028,197 votes withheld; Moise achieved 7,473,938 votes for and 407,731 votes withheld; and Shive received 7,025,156 votes for and 856,513 votes withheld. There were also 1,588,237 broker non-votes for each candidate.
The second proposal was the ratification of the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal was also approved by a majority of the votes, with 9,393,361 votes for, 62,844 votes against, and 13,701 abstentions.
The results highlight shareholder confidence in the elected directors and the appointed independent auditor. DallasNews Corp, a Texas-incorporated company, has its principal executive offices located in Dallas, Texas. The company is classified under the Standard Industrial Classification code for newspapers: publishing or publishing & printing.
This announcement is based on the official 8-K filing by DallasNews Corp with the Securities and Exchange Commission.
In other recent news, Dallas News Corporation reported its first-quarter earnings for 2025, showcasing a GAAP net income of $28.3 million, or $5.28 per share. This was largely driven by a substantial gain from the sale of its Plano printing facility. However, the company experienced a decline in total revenue to $29.1 million, which is a $2 million decrease from the previous year. Despite this revenue drop, Dallas News saw a 16% increase in subscriber starts, attributed to a new AI-powered paywall. The company also noted a decrease in advertising revenue by 7.2% and circulation revenue by 5.2%, reflecting ongoing challenges in these areas. Analysts have noted the strategic shifts and innovations Dallas News is implementing to navigate the evolving media landscape. The company plans to continue focusing on digital initiatives and expects to realize $5 million in annual expense savings starting in May. Additionally, Dallas News recently completed the transition of its print operations to a more efficient facility, further optimizing its operations.
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