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IDEX Corporation (NYSE:IEX), a $14.5 billion market cap leader in the development, design, and manufacturing of fluidics systems and specialty engineered products, announced the results of its Annual Meeting of Stockholders held on May 8, 2025. According to InvestingPro data, the company maintains a FAIR overall financial health score, operating with moderate debt levels and strong liquidity metrics. The company, headquartered in Northbrook, Illinois, disclosed the outcomes of several key proposals in a recent 8-K filing with the Securities and Exchange Commission.
During the annual meeting, shareholders elected three Class III directors to serve a three-year term on the company’s board. Eric D. Ashleman, Stephanie J. Disher, and Matthijs Glastra were all re-elected to their positions, with their terms set to expire at the 2028 annual meeting. Under their leadership, IDEX has maintained an impressive track record of raising dividends for 15 consecutive years, as highlighted by InvestingPro analysis.
The appointment of Deloitte & Touche LLP as IDEX’s independent registered public accounting firm for the fiscal year 2025 was ratified with affirmative votes from the majority of shares present or represented by proxy.
Additionally, a majority of shareholders approved, on an advisory basis, the compensation of the company’s named executive officers. The proposal received a significant number of affirmative votes, reflecting shareholder approval of the company’s executive compensation practices.
A stockholder proposal requesting a report on hiring practices related to individuals with arrest or incarceration records did not receive the necessary majority vote to pass.
The details of the votes cast for each director, as well as the results for the executive compensation and accounting firm ratification, were provided in the filing. The vote counts for each proposal were specific, with the number of votes for, against, abstentions, and broker non-votes all recorded.
The filing also included a cover page Interactive Data File as an exhibit, which is a requirement for SEC filings.
This news is based on the latest 8-K filing by IDEX Corporation and reflects the decisions made by its shareholders at the annual meeting.
In other recent news, IDEX Corporation reported impressive first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.75, compared to the forecasted $1.67. The company also exceeded revenue projections, reporting $872 million against an anticipated $810.42 million. Stifel analysts subsequently increased their price target for IDEX shares to $208, maintaining a Buy rating, citing solid order growth and proactive cost reductions as positive indicators for the company’s short-term outlook. Additionally, IDEX Corporation announced the approval of a regular quarterly cash dividend of $0.71 per common share, scheduled for distribution on May 30, 2025. This marks the 122nd consecutive regular quarterly cash dividend, underscoring the company’s consistent financial performance. Despite potential challenges in the second half of 2025, Stifel remains optimistic about IDEX’s overall strategy and platform initiatives. The company’s strategic focus on innovation and cost optimization continues to drive its performance, as evidenced by maintaining its full-year organic growth guidance of 1% to 3%.
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