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OptimumBank Holdings, Inc. (NYSE American:OPHC), a $51 million market cap bank trading at $4.33 per share, disclosed the outcomes of its recent shareholder meeting, according to an 8-K filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company appears slightly undervalued and maintains a GREAT financial health score. During the annual meeting held on April 29, 2025, shareholders voted on several key proposals including the election of directors, amendments to the equity incentive plan, and the ratification of the company’s independent auditor.
The Florida-based national commercial bank, which trades at an attractive P/E ratio of 3.27 and has demonstrated profitability over the last twelve months, reported that 73.94% of the outstanding shares were represented at the meeting. All six director nominees were elected, with shares voted for each ranging from 6,176,166 to 6,452,289. Shares withheld were considerably fewer, indicating strong shareholder support.
Additionally, shareholders approved the amendment to increase the maximum number of shares that may be issued under the company’s 2018 Equity Incentive Plan from 1,050,000 shares to 1,550,000 shares. The vote for this proposal resulted in 5,143,390 shares in favor, 1,385,287 against, and 19,607 abstentions.
The selection of Hacker, Johnson & Smith, P.A. as the independent auditor for fiscal year 2025 was also ratified with an overwhelming majority of 8,637,834 shares voting in favor, compared to 26,475 against and 24,761 abstentions.
These results demonstrate shareholder confidence in the management and strategic direction of OptimumBank Holdings. For deeper insights into OPHC’s valuation metrics and additional ProTips, visit InvestingPro, which offers comprehensive financial analysis and exclusive investment recommendations. The company is headquartered at 2929 East Commercial Boulevard, Ft. Lauderdale, Florida. The company’s telephone number is (954) 776-2332. The report was signed by Moishe Gubin, Chairman of the Board of Directors, on May 1, 2025. This information is based on the company’s official SEC filing.
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