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The InterGroup Corporation, a $26.7 million market cap entity operating in the apartment buildings sector, held its Annual Meeting of Shareholders on May 19, 2025. According to InvestingPro data, the company generated $61.6 million in revenue over the last twelve months, though currently faces profitability challenges. During the meeting, held at the Hilton San Francisco Financial District, shareholders voted on two key proposals.
The first proposal involved the election of two Class A Directors to serve until the fiscal 2027 Annual Meeting. John V. Winfield received 1,548,054 votes in favor and 1,818 withheld, with 166,973 broker non-votes. Steve H. Grunwald garnered 1,544,296 votes for, 5,576 withheld, and the same number of broker non-votes as Winfield.
The second proposal was the ratification of WithumSmith+Brown PC as the company’s Independent (LON:IOG) Registered Public Accounting Firm for the fiscal year ending June 30, 2025. This proposal saw 1,712,859 votes for, 2,525 against, and 1,461 abstentions.
These results reflect the decisions made by shareholders regarding the governance and audit functions of The InterGroup Corporation. The information is based on a press release statement.
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