Pitney Bowes shareholders approve executive plans

Pitney Bowes Inc . (NYSE:PBI), a global technology company with a market capitalization of $1.73 billion and impressive year-to-date returns of 33%, announced that at their Annual Meeting held on Tuesday, shareholders approved all proposed items, including the election of directors and the Amended 2024 Stock Plan. According to InvestingPro data, the company has maintained dividend payments for 55 consecutive years, demonstrating long-term shareholder commitment.

The meeting, which took place on May 13, 2025, saw the re-election of all director nominees for a one-year term expiring at the 2026 Annual Meeting of Stockholders. The elected directors include Milena Alberti-Perez, Paul Evans, Todd Everett, Catherine Levene, Lance Rosenzweig, Julie Schoenfeld, and Kurt Wolf. The company’s strong governance comes alongside robust financial performance, with revenue of nearly $2 billion and a healthy gross profit margin of 53%.

Additionally, the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2025 was ratified with an overwhelming majority.

A non-binding advisory vote to approve executive compensation also passed, indicating shareholder support for the company’s executive pay structures.

The key item on the agenda, the approval of the Amended Pitney Bowes Inc. 2024 Stock Plan, was also voted through. The plan, detailed in the company’s definitive proxy statement filed on March 27, 2025, is designed to provide competitive compensation to attract, retain, and motivate employees.

The Board and the Executive Compensation Committee will take into account the results of the advisory vote on executive compensation in their future decisions regarding the company’s executive compensation program.

This report is based on a press release statement and provides a summary of the key outcomes of Pitney Bowes Inc.’s Annual Meeting, reflecting the shareholders’ agreement with the proposed company plans and appointments. For deeper insights into Pitney Bowes’ financial health and future prospects, including 8 additional exclusive ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports and expert analysis on over 1,400 US stocks.

In other recent news, Pitney Bowes Inc. reported its first-quarter 2025 earnings, showcasing a notable performance with an adjusted earnings per share (EPS) of $0.33, exceeding the forecasted $0.27. However, the company’s revenue was slightly below expectations, reaching $493 million compared to the projected $501.4 million, reflecting a 5% year-over-year decline. Despite the revenue shortfall, Pitney Bowes experienced a 74% increase in adjusted EPS year-over-year, driven by strategic cost management and a focus on high-margin revenue streams. The company has increased its cost savings target to $180-$200 million, emphasizing its commitment to financial efficiency.

Additionally, Pitney Bowes reaffirmed its full-year guidance, projecting free cash flow between $330 million and $370 million, with expectations of shipping growth offsetting declines in other areas over the next 12-24 months. In terms of strategic initiatives, the company is focusing on lease extensions in its SendTech division, which are anticipated to enhance long-term profitability and cash flow. The company also aims to reduce its leverage ratio below 3x by the third quarter of 2025, which would provide greater financial flexibility.

Analyst firms have not provided any upgrades or downgrades in the latest reports, but the positive earnings surprise and strategic initiatives have been well-received by investors. Pitney Bowes’ management has expressed optimism about the company’s strategic direction and its ability to navigate economic uncertainties, including tariffs and competition in the shipping sector.

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