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FitLife Brands, Inc. (NASDAQ:FTLF), a $152 million market cap company that has shown impressive momentum with a 12% gain last week, held its 2025 annual meeting of stockholders on Tuesday. According to a statement based on an SEC filing, shareholders voted on four proposals, including the election of directors, advisory votes on executive compensation, the frequency of such votes, and the ratification of the company’s auditor. InvestingPro analysis shows the company maintains a GREAT financial health score, supported by strong profitability metrics and moderate debt levels.
All five director nominees—Dayton Judd, Grant Dawson, Matt Lingenbrink, Seth Yakatan, and Shannon Pappas—were elected to the board until the 2026 annual meeting. Vote totals for each nominee were as follows: Dayton Judd received 6,586,405 votes in favor and 4,528 withheld; Grant Dawson received 6,516,060 for and 74,873 withheld; Matt Lingenbrink received 6,523,190 for and 67,743 withheld; Seth Yakatan received 6,425,713 for and 165,220 withheld; and Shannon Pappas received 6,523,190 for and 67,743 withheld. The board will oversee a company that currently trades at an attractive P/E ratio relative to its near-term earnings growth, with a gross profit margin of 43%.
Shareholders also approved, on a non-binding advisory basis, the compensation paid to the company’s named executive officers. The vote count was 6,521,001 in favor, 64,922 against, and 5,010 abstentions.
Regarding the frequency of future advisory votes on executive compensation, the majority of shareholders—5,979,100—voted for a three-year interval. Other options received fewer votes: 605,602 for one year, 2,695 for two years, and 3,536 abstentions. As a result, the board determined that the advisory vote on executive compensation will be held every three years, with the next required vote on frequency scheduled for the 2031 annual meeting.
Finally, shareholders ratified the appointment of Weinberg & Company, P.A. as the company’s independent auditor for the fiscal year ending December 31, 2025. The vote was 8,161,128 in favor, 10 against, and 6 abstentions.
All information in this article is based on a press release statement and the company’s SEC filing.
In other recent news, FitLife Brands, Inc. announced the completion of its acquisition of substantially all assets of Irwin Naturals and its related affiliates for $42.5 million. The transaction was finalized after receiving approval from the US Bankruptcy Court for the Central District of California under Section 363 of the US Bankruptcy Code. FitLife Brands assumed minimal liabilities as part of this acquisition. This development marks a significant expansion for FitLife Brands, as it integrates the assets of Irwin Naturals into its operations. The acquisition is part of FitLife’s strategy to enhance its market position and broaden its product offerings. The company’s recent activities reflect its focus on strategic growth through acquisitions. There have been no recent earnings or revenue announcements from FitLife Brands. Analyst opinions on this development have not been disclosed.
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