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NEENAH, WI - Plexus Corp (NASDAQ:PLXS), a leading provider of printed circuit boards with a market capitalization of $3.77 billion, announced the results of its 2025 Annual Meeting of Shareholders held on Monday. The company, which has achieved a perfect Piotroski Score of 9 according to InvestingPro data, demonstrates strong financial health and governance practices. The company confirmed that all 10 board nominees were elected, executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal 2025. Despite a year-to-date decline of 10%, the stock has delivered an impressive 41% return over the past year.
During the meeting, shareholders cast their votes on three key proposals. The first proposal involved the election of directors, with each nominee receiving significant support, ranging from 22,657,005 to 23,956,504 votes in favor. Broker non-votes were reported at 1,303,533 for each director.
The second proposal addressed the compensation of the company’s named executive officers. The advisory vote yielded 22,295,755 votes in favor, 1,827,453 against, and 57,798 abstentions, with the same number of broker non-votes as the first proposal.
The third and final proposal was the ratification of PricewaterhouseCoopers LLP as Plexus Corp’s independent auditors for the current fiscal year. This proposal received overwhelming support, with 24,322,041 votes for, 1,153,104 against, and 9,394 abstentions.
The company’s adherence to corporate governance principles and its commitment to transparency were evident in the conduct of the Annual Meeting. This information is based on a press release statement. For deeper insights into Plexus Corp’s financial health and detailed analysis, investors can access comprehensive research reports and additional ProTips through InvestingPro.
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