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EverCommerce Inc. (NASDAQ:EVCM), a $1.84 billion market cap company currently trading at $10.12, reported the results of its 2025 Annual Meeting of Stockholders held Friday, according to a statement based on a filing with the Securities and Exchange Commission. The company maintains a GOOD financial health score according to InvestingPro data, with liquid assets exceeding short-term obligations.
At the meeting, shareholders voted to elect two Class I directors, Penny Baldwin-Leonard and Eric Remer, to serve until the 2028 annual meeting and until their successors are duly elected and qualified. Baldwin-Leonard received 172,543,310 votes in favor and 2,951,784 votes withheld, while Remer received 173,974,204 votes in favor and 1,520,890 votes withheld. There were 3,838,471 broker non-votes for each nominee. While the company is not currently profitable, InvestingPro analysis indicates analysts expect profitability in 2025.
Shareholders also ratified the appointment of Ernst & Young LLP as EverCommerce’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote to ratify the appointment received 179,244,348 votes in favor, 56,195 votes against, and 33,022 abstentions. There were no broker non-votes on this proposal.
The company reported that 179,333,565 shares were present in person or represented by proxy at the meeting, representing approximately 97.95% of outstanding common stock as of the April 22, 2025 record date.
All proposals presented at the meeting were described in the company’s definitive proxy statement filed with the SEC on April 28, 2025.
This summary is based on information provided in a press release statement and the company’s SEC filing.
In other recent news, EverCommerce Inc. reported its first-quarter 2025 financial results, which exceeded market expectations. The company posted a revenue of $142.3 million, marking a 3.2% year-over-year increase, and an adjusted EBITDA of $44.9 million, surpassing the consensus estimate of $40.3 million. This performance was highlighted by a 31.6% adjusted EBITDA margin. Additionally, the payments segment showed an 8.4% year-over-year growth in revenue, although this was a slight deceleration from the previous quarter’s growth rate.
Analysts have taken note of EverCommerce’s strong financial performance. Citizens JMP maintained a Market Outperform rating with a $15.00 price target, while Oppenheimer reiterated an Outperform rating with a $12.00 price target. Both firms highlighted the company’s impressive EBITDA margin and cash generation, indicating confidence in EverCommerce’s future performance.
In governance news, EverCommerce appointed Amy Shenkan to its Board of Directors as a Class II director. Shenkan will also serve on the Audit Committee, receiving an annual retainer and an initial equity award of restricted stock units. This appointment is part of EverCommerce’s efforts to strengthen its governance and oversight. These developments reflect EverCommerce’s strategic focus on operational growth and governance enhancements.
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