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In the latest SEC filing, Robert Half Inc. (NYSE:RHI), a company specializing in staffing and risk consulting services with a market capitalization of $4.7 billion, disclosed the outcomes of its annual stockholders’ meeting held on May 14, 2025. According to InvestingPro, the company maintains strong financial health with more cash than debt on its balance sheet and has maintained dividend payments for 22 consecutive years. The shareholders voted on three key proposals, including the election of directors, advisory approval of executive compensation, and the ratification of the company’s independent auditors for the fiscal year 2025. While the stock has experienced a significant 34% decline over the past six months, InvestingPro analysis suggests the company is currently undervalued, with 12 additional exclusive insights available to subscribers.
The first item on the ballot was the election of nine directors to the company’s board. Each nominee received a majority of votes cast, with Jana L. Barsten, for example, receiving 89,793,729 votes in favor, 949,926 against, and 67,809 abstentions. Broker non-votes for this nominee were reported at 4,604,281. The other nominees received similar support, with all being successfully elected to the board.
The second proposal concerned the advisory approval of executive compensation, which shareholders endorsed with 88,809,259 votes in favor, 1,937,140 against, and 65,065 abstentions. There were 4,604,281 broker non-votes for this proposal.
Finally, the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the year 2025 was approved with overwhelming support: 93,223,856 votes for, 2,150,108 against, and 41,781 abstentions.
The results from the annual meeting, as outlined in the SEC filing, indicate a strong shareholder consensus on the company’s governance and executive compensation practices. Robert Half Inc. continues its operations with a newly elected board and ratified auditors, as confirmed by the votes cast by its shareholders. The information contained in this report is based on the company’s recent SEC filing.
In other recent news, Robert Half International Inc. reported disappointing financial results for the first quarter of 2025, with earnings per share (EPS) and revenue both falling short of analyst expectations. The company’s EPS was $0.17, significantly below the forecast of $0.36, while revenue reached $1.35 billion, missing the expected $1.41 billion. This performance marks a deviation from Robert Half’s historical trend of meeting or exceeding forecasts. Following the earnings report, JPMorgan analysts lowered their price target for Robert Half stock to $47 from $65, maintaining a Neutral rating. The company’s revenue decline was attributed to weaker performances in contract staffing and Protiviti revenues, largely due to economic uncertainty and reduced client hiring activity. Additionally, Robert Half implemented cost reduction measures, anticipating annual savings of $80 million, and Protiviti acquired a consulting firm in France to strengthen its European presence. Looking ahead, Robert Half provided revenue guidance for the second quarter of 2025 between $1.31 billion and $1.41 billion, with an EPS range of $0.36 to $0.46.
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