SoFi CEO enters prepaid forward contract on 1.5 million shares
CLEVELAND, OH - SIFCO Industries Inc. (NYSE American: SIF), a manufacturer in the aircraft engines and engine parts industry with annual revenue of $79.6 million, announced the results of its 2025 Annual Meeting of Shareholders held on January 29, 2025. The company, which InvestingPro analysis shows has a weak financial health score of 1.62, has seen its stock trade between $2.90 and $5.96 over the past 52 weeks. According to the company’s recent SEC filing, the shareholders elected four directors to the board and ratified the appointment of an independent registered public accounting firm for the fiscal year ending September 30, 2025. This comes as SIFCO faces operational challenges, with InvestingPro data showing negative earnings of -$1.44 per share in the last twelve months, despite achieving 20.5% revenue growth.
The elected directors, who will serve on SIFCO’s Board of Directors until the 2026 Annual Meeting, include Robert D. Johnson, Donald C. Molten, Jr., Alayne L. Reitman, and Mark J. Silk. The voting results were as follows: Johnson received 3,061,636 votes for and 17,886 withheld; Molten garnered 3,024,590 votes for and 54,932 withheld; Reitman had 3,033,301 votes for and 46,221 withheld; and Silk obtained 3,048,180 votes for and 31,342 withheld. There were 1,103,151 broker non-votes for each nominee.
In addition to the election of directors, shareholders approved the proposal to ratify RSM US LLP as the company’s independent registered public accounting firm for the current fiscal year. The approval came with a significant majority, with 4,072,838 votes for, 30,907 against, and 78,928 abstentions.
The submission of these matters to a vote of security holders is a routine process in corporate governance, ensuring that shareholders have a say in key decisions such as the election of board members and the selection of auditors. For deeper insights into SIFCO’s financial health and additional expert analysis, investors can access more than 30 key metrics and exclusive ProTips through InvestingPro.
The detailed voting results for the election of directors and the ratification of the accounting firm are available in SIFCO’s Definitive Proxy Statement, which was used in connection with the Annual Meeting.
This report is based on the information provided in a press release statement filed with the SEC.
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