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In a recent annual meeting held on Thursday, Gentherm Incorporated, a company specializing in automotive thermal solutions, concluded several key voting resolutions among its shareholders. The event, which took place on May 8, 2025, resulted in the election of nine directors who will serve until the 2026 annual meeting, the advisory approval of executive compensation, and the ratification of Ernst & Young LLP as the company’s independent auditor for the fiscal year ending December 31, 2025.
The detailed voting outcomes for each proposal were as follows:
- Proposal No. 1, concerning the election of directors, saw all nine nominees securing their positions with a substantial majority of votes for each candidate. The votes withheld and broker non-votes were significantly lower in comparison to the votes in favor.
- Proposal No. 2, which sought the approval of named executive officer compensation on an advisory basis, was passed with over 26 million votes for, approximately 1.87 million against, and 236,483 abstentions. There were also 1,044,591 broker non-votes recorded.
- Proposal No. 3, the ratification of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year, was approved with an overwhelming majority of over 29 million votes for, 220,991 against, and 1,850 abstentions.
The results reflect shareholder confidence in the current management and strategic direction of Gentherm. The company, headquartered in Novi, Michigan, and listed on the Nasdaq Global Market under the ticker symbol (NASDAQ:THRM), did not report any changes to its former name or address since the last report.
This summary is based on the information provided in Gentherm’s 8-K filing with the Securities and Exchange Commission.
In other recent news, Gentherm Inc. reported its first quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.51, compared to the forecast of $0.43, and generated revenue of $354 million, exceeding the anticipated $344.74 million. Despite these positive results, the company experienced a decline in its adjusted EBITDA margin from 12.2% to 11.1% year-over-year. Additionally, Gentherm secured $400 million in new business awards, reflecting its strategic growth efforts. The company maintains its revenue range guidance but has adjusted the lower end of its EBITDA margin guidance due to anticipated declines in vehicle volumes. In the automotive sector, Gentherm’s Climate and Comfort Solutions revenue increased by 3.8% year-over-year. Craig Hallum Capital Group and JPMorgan analysts provided insights during the earnings call, focusing on tariff impacts and market dynamics. The company is actively working to mitigate tariff effects and capitalize on new growth opportunities in the medical market.
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