Bullish indicating open at $55-$60, IPO prices at $37
Mama’s Creations, Inc. (NASDAQ:MAMA) held its annual meeting of stockholders on Thursday, where shareholders elected five directors to the company’s board, ratified the appointment of its independent auditor, and approved executive compensation on an advisory basis. The information is based on a statement in a recent SEC filing.
The five directors elected to serve one-year terms until the next annual meeting or until their successors are elected are Lynn L. Blake, Meghan Henson, Dean Janeway, Adam L. Michaels, and Shirley Romig. Vote totals for each nominee were as follows: Lynn L. Blake received 24,985,698 votes in favor and 2,032,445 withheld; Meghan Henson received 25,005,044 for and 2,013,099 withheld; Dean Janeway received 24,057,896 for and 2,960,246 withheld; Adam L. Michaels received 26,851,415 for and 166,727 withheld; Shirley Romig received 24,747,535 for and 2,270,608 withheld. There were 4,970,291 broker non-votes for each nominee.
Stockholders also ratified the appointment of UHY LLP as the company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. The vote was 31,844,671 in favor, 60,196 against, and 83,567 abstentions.
In addition, shareholders approved, on a non-binding advisory basis, the company’s executive compensation. The vote was 25,497,797 for, 472,854 against, and 1,047,492 abstentions, with 4,970,291 broker non-votes.
These results were disclosed in the company’s Form 8-K filed with the Securities and Exchange Commission.
In other recent news, Mama’s Creations Inc. reported a strong performance for Q1 2025, with revenue increasing by 18% year-over-year to $35.3 million. The company also saw a significant rise in net income, which surged by 123% to $1.2 million compared to the previous year. Mama’s Creations has expanded its chicken production capacity and continues to focus on national distribution and product innovation. Additionally, the company is exploring potential mergers and acquisitions to strengthen its position in the market. Analysts from Lake Street Capital and Craig Hallum have shown interest in the company’s growth strategies, particularly in managing commodity price fluctuations and increasing operational efficiencies. Mama’s Creations aims to maintain double-digit growth and is actively seeking strategic acquisitions to enhance its category leadership. The company also reported an increase in cash and equivalents to $12 million, up from $7.2 million, which positions it well for future investments.
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