Gold bars to be exempt from tariffs, White House clarifies
FTAI Infrastructure Inc. (NASDAQ:FIP) announced the results of its Annual Meeting of Shareholders held on May 29, 2025. According to the 8-K filing with the Securities and Exchange Commission, shareholders elected two Class III directors and ratified the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
The two directors elected are Joseph P. Adams, Jr., who received 72,387,225 votes for and 2,720,626 votes withheld, and Judith A. Hannaway, who received 48,021,493 votes for and 27,086,358 votes withheld. There were 24,026,863 broker non-votes for each director. Broker non-votes occur when shares held by brokers are not voted on a particular matter because instructions were not received from the beneficial owners.
In addition, the shareholders ratified the appointment of Ernst & Young LLP as the independent auditor with 98,963,582 votes for, 97,634 against, and 73,498 abstentions.
The annual meeting is a routine part of corporate governance, allowing shareholders to weigh in on the election of directors and the appointment of the company’s auditors. FTAI Infrastructure, a Delaware-incorporated company with its principal executive offices in New York, is listed on the Nasdaq Global Select Market under the trading symbol FIP.
The information provided in this article is based on a press release statement.
In other recent news, FTAI Infrastructure LLC reported its first-quarter 2025 earnings, showcasing an earnings per share (EPS) of $0.89, which significantly exceeded analyst expectations of -$0.36. However, the company’s revenue for the same period fell short at $96.2 million, compared to a forecast of $101.87 million. Notably, FTAI Infrastructure recorded a non-cash gain of $120 million, contributing to its financial performance. In another development, FTAI Infrastructure Inc. successfully priced a $300 million private bond offering, consisting of New Jersey Economic Development Authority Dock and Wharf Facility Revenue Bonds, Series 2025. This offering is divided into two tranches with varying maturity dates and interest rates. Additionally, Repauno, a subsidiary of FTAI Infrastructure, plans to enter a Senior Secured Credit Agreement to secure a $106 million term loan facility. Analysts from firms like Compass Point have expressed interest in the company’s ongoing projects and potential impacts of global trade policies. These recent developments highlight FTAI Infrastructure’s strategic financial maneuvers and operational achievements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.