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Pagaya Technologies Ltd. (NASDAQ:PGY), a leader in finance services with a market capitalization of $1.36 billion, announced the outcomes of its Annual General Meeting held on June 9, 2025. The company, which has seen its stock surge 83.76% over the past six months and is currently trading near its 52-week high, gathered shareholders to vote on several key proposals. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment, with 7 analysts recently revising their earnings estimates upward.
During the meeting, the election of directors was a primary focus. Gal Krubiner, Avital Pardo, Yahav Yulzari, Alison Davis, and Asheet Mehta were all elected to the board with a significant majority in favor. Voting details showed a consistent pattern of strong support for each candidate, with minimal opposition and abstentions. Notably, the number of broker non-votes was identical for each director, indicating no variation in broker participation across the board elections. The company maintains a GOOD financial health score according to InvestingPro metrics, with liquid assets exceeding short-term obligations.
Shareholders also re-appointed the independent registered public accounting firm, with an overwhelming majority voting in favor. The approval speaks to the confidence investors have in the company’s financial reporting and auditing processes.
Executive compensation was another point of discussion. Shareholders approved the framework for the 2025 bonuses for executive officers who also serve as directors. Both the Chief Executive Officer and additional management directors received strong backing for their respective compensation packages, with a substantial number of votes in favor.
Lastly, on an advisory basis, the compensation of Pagaya’s named executive officers was approved. This non-binding vote reflects shareholder satisfaction with the company’s executive compensation strategy.
The detailed voting results on all proposals are available in the company’s proxy statement dated April 30, 2025. The company, incorporated in Israel and headquartered in New York, NY, has dutifully reported these results in compliance with SEC regulations. CEO Gal Krubiner affirmed the report on behalf of Pagaya Technologies.
Investors and stakeholders can reference the full report for a comprehensive understanding of the meeting’s outcomes. As always, Pagaya Technologies remains committed to transparency and shareholder engagement. The information provided is based on a press release statement.
In other recent news, Pagaya Technologies reported a strong performance in the first quarter of 2025, surpassing analyst expectations with earnings per share of 69 cents against a projected loss of 17 cents. The company also reported revenue of $290 million, exceeding the forecast of $286.3 million, marking an 18% year-over-year increase. Additionally, Pagaya achieved its first-ever GAAP net income of $8 million, reflecting its strategic focus on expanding lending capabilities. In a significant move, Pagaya launched a $1 billion point-of-sale lending program called POSH, which is expected to enhance lending capacity and merchant satisfaction in the U.S. market. The initiative has attracted over 20 unique investors, signaling strong interest in Pagaya’s asset-backed securities. Analyst firms like Citizens JMP and Benchmark have maintained positive ratings for Pagaya, with price targets set at $20 and $25, respectively, indicating confidence in the company’s growth trajectory. These developments reflect Pagaya’s ongoing efforts to scale its financial solutions and strengthen its market position.
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