TSX drops after Canadian index edges higher in prior session
Kennametal Inc. (NYSE:KMT) held its annual meeting of shareholders on Tuesday, where shareholders voted to elect eight directors to serve until the 2026 annual meeting. The directors elected were Joseph Alvarado, Shelley Bausch, Sanjay Chowbey, Douglas T. Dietrich, William M. Lambert, Lorraine M. Martin, Sagar A. Patel, and Paul Sternlieb.
Shareholders also approved the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year ending June 30, 2026. The vote in favor of ratification totaled 70,958,013 shares, with 1,350,152 shares against and 135,256 abstentions.
An advisory vote on executive compensation was also approved, with 68,982,027 shares voting in favor, 875,961 against, and 102,311 abstaining. There were 2,483,122 broker non-votes recorded for the director elections and the executive compensation vote.
In addition, Kennametal’s board of directors declared a quarterly cash dividend of $0.20 per share. The dividend is scheduled to be paid on November 24, 2025, to shareholders of record as of the close of business on November 10, 2025.
These details are based on a statement from the company’s recent SEC filing.
In other recent news, Kennametal Inc. reported its fourth-quarter earnings for fiscal year 2025, which did not meet analysts’ expectations. The company posted an adjusted earnings per share (EPS) of $0.34, falling short of the forecasted $0.38. Revenue also missed projections, coming in at $516.45 million compared to the anticipated $527.56 million. These results reflect a period of challenges for Kennametal, as analysts had expected stronger performance. The earnings miss has prompted a closer look from investors and analysts alike. Despite the disappointing results, the company continues to navigate the current market conditions. The earnings report has been a focal point for stakeholders assessing the company’s financial health. This news comes amid broader industry trends impacting similar companies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.