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Rogers Communications (TSX:RCIa) Inc. (NYSE:RCI), a leading Canadian telecommunications and media company with a market capitalization of $13.87 billion and annual revenue of $14.37 billion, disclosed the results of its recent Annual General Meeting (AGM) of shareholders in a filing with the U.S. Securities and Exchange Commission (SEC). According to InvestingPro data, the company maintains a GOOD financial health score of 2.54, despite its shares being down 17.38% year-to-date. The AGM, which took place on April 23, 2025, saw shareholders vote on a series of corporate matters.
The company, headquartered in Toronto, Ontario, and traditionally operating under the Cable & Other Pay Television Services industry, confirmed that all nominated directors have been re-elected to the board. The details of the votes were not specified in the press release, but the re-election suggests a continuation of the company’s current strategic direction.
Furthermore, the filing indicated that shareholders approved the appointment of the company’s auditors. This routine approval is a standard practice at AGMs, ensuring the company maintains a transparent relationship with its investors through the auditing process.
Marisa Wyse, Chief Legal Officer and Corporate Secretary of Rogers Communications, signed off on the report, underscoring the formalities of the corporate governance process.
The company’s SEC filing is a standard requirement for foreign private issuers like Rogers Communications, which is listed on the New York Stock Exchange and must comply with U.S. financial regulations.
This announcement is based on a press release statement and is intended to provide shareholders and potential investors with the latest corporate governance outcomes from Rogers Communications. It is essential for investors to be aware of such updates, as they can influence the company’s management and strategic decisions moving forward.
In other recent news, Rogers Communications reported a steady performance for the first quarter of 2023, with both service revenue and adjusted EBITDA increasing by 2% year-over-year. The company maintained its free cash flow at $586 million, unchanged from the previous year, while capital expenditures decreased by 8% to $978 million. Rogers added 57,000 wireless and Internet net additions, driven by 34,000 new wireless subscribers and 23,000 Internet additions. The company also launched its Rogers XFINITY campaign and introduced high-speed internet in select areas. Additionally, Rogers was recognized for having the most reliable 5G wireless network for the seventh consecutive year. Analyst firms have not provided specific upgrades or downgrades for Rogers, but the company is expected to continue focusing on price discipline and average revenue per user (ARPU) growth. Rogers remains optimistic about its future, anticipating growth in its cable segment and exploring opportunities with its sports assets.
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