September looms as a risk month for stocks, Yardeni says
Graham Corp (NYSE:GHM), a $539 million market cap industrial company that has delivered an impressive 57% return over the past year, reported the results of its annual meeting of stockholders held Tuesday, according to a statement filed with the Securities and Exchange Commission.
Shareholders elected three directors to serve three-year terms expiring in 2028. The elected directors are Cari L. Jaroslawsky, Matthew J. Malone, and Jonathan W. Painter. The vote counts for each director were as follows: Jaroslawsky received 7,956,879 votes in favor and 469,135 votes withheld; Malone received 8,390,997 votes in favor and 35,016 votes withheld; Painter received 8,017,944 votes in favor and 408,069 votes withheld. There were 1,186,374 broker non-votes for Jaroslawsky, and 1,186,375 broker non-votes for Malone and Painter. According to InvestingPro data, the company maintains a GOOD financial health score and is expected to remain profitable this year.
Shareholders also approved, on an advisory basis, the compensation of the company’s named executive officers. The proposal received 7,993,843 votes in favor, 333,753 votes against, and 98,417 abstentions, with 1,186,375 broker non-votes.
Additionally, shareholders ratified the selection of Deloitte & Touche LLP as Graham Corp’s independent registered public accounting firm for the fiscal year ending March 31, 2026. The ratification received 9,352,857 votes in favor, 255,469 votes against, and 4,062 abstentions.
The information in this article is based on a press release statement filed with the SEC.
In other recent news, Graham Corporation announced its financial results for the first quarter of fiscal year 2026, highlighting a notable performance in earnings per share (EPS). The company reported an EPS of $0.45, significantly exceeding the analyst forecast of $0.24, marking an 87.5% surprise. However, the revenue figures were less impressive, with the company generating $55.5 million, which fell short of the anticipated $56.8 million. This mixed financial performance has sparked discussions among investors and analysts about the company’s future growth prospects. Despite the strong EPS results, concerns regarding the revenue miss are evident. Analysts are closely monitoring these developments, as they could influence future evaluations and forecasts. These recent developments are critical for investors keeping an eye on Graham Corporation’s performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.