Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
RCI Hospitality Holdings, Inc. (NASDAQ:RICK), currently trading at $36.40 and showing strong financial health according to InvestingPro metrics, held its annual meeting of stockholders on Monday at its corporate offices in Houston, Texas. The company, which maintains an impressive 85% gross profit margin and has consistently paid dividends for 10 consecutive years, gathered shareholders to vote on three primary matters.
First, six directors were elected to the board. The elected directors are Eric S. Langan, Travis Reese, Luke Lirot, Yura Barabash, Elaine J. Martin, and Arthur Allan Priaulx. Vote counts for each nominee varied, with Eric S. Langan receiving 3,863,393 votes for and 220,885 votes withheld, while the other nominees received between 1.6 million and 3.9 million votes for, with withheld votes ranging from 91,105 to 2.4 million. There were also 2,919,805 broker non-votes in the director elections. The company’s management has demonstrated commitment to shareholder value through aggressive share buybacks, as noted in InvestingPro’s analysis.
Second, shareholders ratified the selection of CBIZ (NYSE:CBZ) CPAs P.C. as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2025. The vote to ratify the accounting firm received 6,907,917 votes for, 28,609 votes against, and 67,557 abstentions.
Third, shareholders approved a non-binding advisory resolution on executive compensation. The resolution received 3,841,183 votes for, 235,979 votes against, and 7,116 abstentions. There were 2,919,805 broker non-votes for this item.
The company reported that as of the record date of June 23, 2025, there were 8,763,050 shares of common stock outstanding. A total of 7,004,083 shares were present either by proxy or in person at the meeting.
No other matters were presented for action at the annual meeting. All proposals presented to shareholders were approved. The information in this article is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, RCI Hospitality Holdings Inc. reported its third-quarter 2025 earnings, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $0.77, missing the forecasted $1.24. Additionally, RCI Hospitality’s revenue totaled $71.1 million, which was below the anticipated $78.2 million. Despite these misses, the company’s stock experienced a rise in aftermarket trading. These developments highlight the importance of monitoring earnings and revenue results closely. Investors may also find it useful to consider any potential analysis from financial firms regarding these outcomes. As these are recent developments, they could have implications for future investor sentiment and market performance.
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