Emerson Radio Corp shareholders approve executive compensation

Published 25/03/2025, 22:26
Emerson Radio Corp shareholders approve executive compensation

Emerson (NYSE:EMR) Radio Corp (NYSE American:MSN) announced the results of its annual meeting held on March 20, 2025. The event saw a strong turnout with approximately 87% of the outstanding common stock represented, either in person or by proxy. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 11.98, though its overall financial health score remains weak at 1.74 out of 5.

During the meeting, shareholders voted on several key proposals. All director nominees were elected to serve until the next annual meeting or until their successors are elected and qualified. The votes for the directors ranged from 15,544,979 to 16,256,283 in favor, with withheld votes between 475,835 and 1,187,139, and broker non-votes consistently at 1,577,483 for each nominee.

The appointment of Grassi & Co., CPAs, P.C. as the company’s independent registered public accountants for the fiscal year ending March 31, 2025, was ratified with 18,217,740 votes in favor, 77,262 votes against, and 14,599 abstentions.

Additionally, shareholders approved the compensation of the company’s named executive officers for the fiscal year ended March 31, 2024, with 16,243,567 votes in favor, 432,649 against, and 55,902 abstentions. There were 1,577,483 broker non-votes regarding this proposal.

In terms of the frequency of future non-binding advisory votes on executive compensation, the stockholders expressed a preference for every three years, with 15,361,862 votes for this option, compared to 1,064,278 for one year and 290,346 for two years. There were 15,632 abstentions and 1,577,483 broker non-votes on this matter.

The company’s definitive proxy statement, which provides detailed descriptions of the proposals, was filed with the Securities and Exchange Commission on February 18, 2025.

The announcement of the voting results is based on a press release statement, which ensures a transparent and factual account of the events of the annual meeting.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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