Hayward Holdings announces board election results

Hayward Holdings , Inc. (NYSE:HAYW), a $2.97 billion market cap company specializing in refrigeration and service industry machinery, reported the results of its Annual Meeting of Stockholders that took place on May 22, 2025. The company, which maintains impressive gross profit margins of over 50% and strong liquidity metrics according to InvestingPro data, filed the outcomes with the Securities and Exchange Commission (SEC) today, May 23, 2025.

During the Annual Meeting, three key proposals were voted upon. The first proposal involved the election of directors. Ronald Keating, Lawrence Silber, and Edward Ward were elected as directors, with Keating receiving 183,198,188 votes for, Silber 174,116,018, and Ward 127,719,517. There were a notable number of withhold votes and broker non-votes for each candidate.

The second proposal was the advisory approval of the compensation of the company’s named executive officers. The resolution passed with a majority of the votes, with 169,630,954 votes for, 14,205,872 against, and 13,138 abstentions. There were also 20,102,078 broker non-votes.

The third proposal addressed the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accountants for the fiscal year ending December 31, 2025. This proposal also received majority support, with 201,657,422 votes for, 2,283,690 against, and 10,930 abstentions.

The elected directors are to serve until the 2028 annual meeting of stockholders, and their successors are duly elected and qualified. The company’s proxy statement for the Annual Meeting provided detailed information on the compensation of its executive officers.

The voting results indicate shareholder confidence in the current board and the executive compensation strategy. Additionally, the reappointment of PricewaterhouseCoopers LLP signifies continued trust in the firm to manage the company’s financial audits. InvestingPro analysis shows the company maintains a healthy financial position with a current ratio of 2.63, indicating strong ability to meet short-term obligations.

Hayward Holdings’ SEC filing ensures transparency with shareholders and complies with federal securities laws. The information is based on a press release statement. For investors seeking deeper insights, InvestingPro offers a comprehensive research report on Hayward Holdings, one of 1,400+ US stocks covered in detail, including advanced metrics and expert analysis that goes beyond standard financial reporting.

In other recent news, Hayward Holdings reported its first-quarter 2025 financial results, exceeding market expectations. The company announced an earnings per share (EPS) of $0.10, surpassing the forecasted $0.08, and revenue reached $229 million, outpacing the anticipated $215.58 million. This reflects an 8% increase in net sales year-over-year. Hayward Holdings is also strategically reducing its reliance on Chinese direct sourcing, aiming to lower it to 3% by the end of the year. Additionally, the company has launched a new product, OmniX, designed to enhance pool automation, which shows significant market potential. Analysts have noted the company’s strong balance sheet, with $398 million in total liquidity, and its robust performance in the pool equipment market. Hayward Holdings maintains its full-year guidance, expecting net sales to increase by 1% to 5%. The company is also managing the impact of tariffs by implementing cost and supply chain initiatives.

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