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QuantumScape Corp. (NYSE:QS) held its 2025 Annual Meeting of Stockholders on Wednesday. The meeting saw participation from holders of 318,677,993 Class A common shares and 43,234,889 Class B common shares, representing 79.2% of the company’s voting power.
During the meeting, shareholders voted on several key proposals. The election of ten directors to serve until the 2026 Annual Meeting was confirmed. Notable directors elected include Brad Buss, Jeneanne Hanley, and JB Straubel, among others. Each nominee received a majority of votes, with the highest being Dr. Günther Mendl, who garnered 619,199,048 votes in favor. The company’s governance structure oversees a business that InvestingPro analysis rates as having WEAK overall financial health, with particular challenges in profitability metrics.
Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. This proposal received 743,935,308 votes in favor, with 4,745,816 against and 2,345,759 abstentions.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers. This proposal saw 600,643,251 votes in favor, 16,742,087 against, and 4,121,717 abstentions.
The meeting was conducted in accordance with the company’s governance practices, with Class A shares entitled to one vote per share and Class B shares entitled to ten votes per share. All shares voted as a single class on the proposals.
This information is based on a recent SEC filing by QuantumScape Corp. Investors looking ahead should note that the company’s next earnings report is scheduled for July 23, 2025. For deeper insights into QuantumScape’s financial health and growth prospects, including additional ProTips and comprehensive analysis, check out the full research report available on InvestingPro.
In other recent news, QuantumScape Corp. reported its Q1 2025 financial results, which aligned with market expectations, posting an earnings per share (EPS) of -$0.21. The company reported a net loss of $114.4 million, but liquidity remains strong with $860.3 million in cash reserves. QuantumScape continues to advance its solid-state battery technology, having shipped samples of its QSC5 battery for testing. The company is also developing new processes to improve productivity, including the COBRA separator process, which is ahead of schedule for baseline production. In terms of future guidance, QuantumScape projects capital expenditures between $45 million and $75 million for the full year and an adjusted EBITDA loss ranging from $250 million to $280 million. Analyst discussions during the earnings call highlighted QuantumScape’s ongoing partnerships, including collaborations with PowerCo/Volkswagen, and the recent agreement with Murata Manufacturing for ceramics production. The company remains focused on its technology licensing model, which is expected to generate multiple streams of revenue in the future.
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