Johnson Outdoors confirms board, ratifies accountants

Johnson Outdoors Inc. (NASDAQ:JOUT), a leading global outdoor recreation equipment company, held its Annual Meeting of Shareholders on Thursday, where the election of directors and ratification of the company’s independent registered public accountants were the key items on the agenda.

Shareholders re-elected all nominees to the Board of Directors, with terms expiring at the next annual meeting. The elected Class A Directors include Paul G. Alexander, John M. Fahey, Jr., and Jeffrey M. Stutz, while Class B Directors are Helen P. Johnson-Leipold, Liliann Annie Zipfel, Katherine Button Bell, Edward F. Lang, Richard (“Casey”) Sheahan, and Edward Stevens.

In addition, the appointment of RSM US LLP as the company’s independent registered public accounting firm for the fiscal year ending October 3, 2025, was ratified with an overwhelming majority of votes in favor.

The advisory vote on executive compensation, which is non-binding, also passed with significant support from the shareholders. Despite recent challenges, the company has maintained its commitment to shareholder returns, with InvestingPro data showing 12 consecutive years of dividend increases.

These decisions were announced in a Form 8-K filed with the Securities and Exchange Commission on Friday, February 28, 2025, confirming the outcomes of the votes. The company’s headquarters are in Racine, Wisconsin, and it operates under the SIC code 3949, which pertains to sporting and athletic goods manufacturing.

The annual meeting and subsequent filing reflect Johnson Outdoors’ commitment to corporate governance and transparent shareholder communication. The information for this article is based on a press release statement.

In other recent news, Johnson Outdoors reported disappointing financial results for the first quarter of 2025, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$1.49, significantly lower than the expected -$0.15, and reported revenue of $107.65 million, which fell short of the forecasted $133.92 million. Despite these challenges, Johnson Outdoors continues to maintain a debt-free balance sheet and has announced a quarterly cash dividend, with Class A shareholders receiving $0.33 per share and Class B shareholders receiving $0.30 per share. The dividend is scheduled for payout on April 24, 2025.

Additionally, the company has been actively pursuing strategic growth through new product launches and acquisitions, including a recent $14 million acquisition of a diving equipment supplier in South Africa. This acquisition is expected to enhance manufacturing efficiency and innovation capabilities for the company’s SCUBAPRO brand. Johnson Outdoors is also focusing on operational efficiencies, having reduced its inventory by $66 million compared to the previous year. The company remains committed to its strategic priorities, including innovation and e-commerce development, despite the ongoing challenges in the market. Analyst firms like Sidoti and Company LLC have taken note of the company’s efforts to navigate the current economic landscape.

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