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Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software with a market capitalization of $1.95 billion and impressive revenue growth of 14.4%, announced the results of its 2025 annual meeting of stockholders today. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.02, indicating robust financial health. The meeting, which took place on Tuesday, saw stockholders vote on several key issues, including the election of directors, executive compensation, and the ratification of the company’s independent registered public accounting firm.
The stockholders elected three Class II directors to the board, to serve until the 2028 annual meeting or until their successors are duly elected and qualified. The directors elected were Susan Barsamian, Jonathan Mariner, and David Welsh. The election saw 56,418,253 shares voted in favor of Susan Barsamian, with 2,561,446 shares withheld and 8,358,444 broker non-votes. Jonathan Mariner received 39,916,836 shares in favor, with 19,062,863 withheld and the same number of broker non-votes. David Welsh had 43,222,240 shares voted in favor, 15,757,459 shares withheld, and 8,358,444 broker non-votes.
Additionally, the compensation of the company’s named executive officers was approved on an advisory basis, with 48,954,527 shares for, 9,973,348 against, 51,824 abstained, and 8,358,444 broker non-votes.
Lastly, the appointment of KPMG LLP as Five9’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with an overwhelming majority. The proposal received 67,017,181 shares for, 272,710 against, and 48,252 abstained.
The meeting outcomes reflect the stockholders’ support for the current board’s leadership and the company’s executive compensation strategy. The ratification of KPMG LLP also indicates confidence in the firm’s ability to manage Five9’s financial auditing and accounting services. While the stock has experienced a 30.5% decline over the past six months, InvestingPro analysis shows 17 analysts have revised their earnings upward for the upcoming period, suggesting potential improvement ahead. Based on InvestingPro’s Fair Value analysis, the stock currently appears undervalued. For deeper insights into Five9’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
This report is based on a press release statement and the official SEC filing.
In other recent news, Five9 Inc . reported a strong performance for the first quarter of 2025, with earnings per share (EPS) of $0.62, surpassing the forecasted $0.49. The company also exceeded revenue expectations, achieving $279.7 million compared to the anticipated $272.29 million, marking a 13% year-over-year increase. Despite these positive results, Five9 has decided to maintain its full-year revenue guidance of $1.14 billion, reflecting a cautious approach amidst macroeconomic uncertainties. Analysts have responded with varied adjustments to their outlooks. DA Davidson maintained a Neutral rating with a $25 target, while UBS lowered its price target from $55 to $35, retaining a Buy rating. Cantor Fitzgerald kept its price target at $36, citing the company’s operational review and increased EPS forecast as positive factors. Evercore ISI reduced its price target to $40 from $55 but maintained an Outperform rating, acknowledging Five9’s robust first-quarter performance and strategic initiatives aimed at long-term growth. These recent developments highlight Five9’s strategic focus on AI and cost management as key drivers for future growth.
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