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Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF), a small-cap confectionery company with a market capitalization of $11.3 million and currently showing signs of financial stress according to InvestingPro data, held its 2025 Annual Meeting of Stockholders on Tuesday via live webcast. The company’s stock has declined over 41% year-to-date, reflecting ongoing operational challenges. According to a statement based on a recent SEC filing, approximately 71.72% of the company’s outstanding common shares as of the record date were represented at the meeting, establishing a quorum.
Shareholders elected Steven L. Craig, Jeffrey R. Geygan, Al Harper, Mel Keating, and Brian Quinn to the board of directors. Each director will serve until the 2026 annual meeting or until a successor is elected and qualified. Vote counts for each director ranged from 3,550,932 to 3,659,552 shares in favor, with votes withheld ranging from 47,962 to 156,582 shares.
The appointment of CohnReznick LLP as the company’s independent registered public accounting firm for the fiscal year ending February 28, 2026, was ratified. The proposal received 5,448,025 votes in favor, 20,785 votes against, and 121,004 abstentions.
In an advisory vote, shareholders approved the compensation of the company’s named executive officers. The results showed 3,577,693 votes for, 81,989 against, and 47,832 abstentions.
The information in this article is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, Rocky Mountain Chocolate Factory reported a revenue increase for the fourth quarter of fiscal year 2025, reaching $8.9 million compared to $7.3 million the previous year. Despite this growth, the company experienced a net loss of $2.9 million for the quarter. The company has also regained compliance with Nasdaq listing requirements after filing its delayed annual report, officially confirmed by Nasdaq on June 23. Additionally, Rocky Mountain Chocolate Factory will transfer its stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective at the opening of trading on Thursday. In terms of leadership changes, the company announced the appointment of Luis Burgos as Vice President of Operations. Burgos brings nearly three decades of experience in manufacturing and distribution operations to his new role. These developments reflect the company’s ongoing efforts to enhance its operational and financial standing.
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