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In a recent filing with the U.S. Securities and Exchange Commission, SoFi Technologies, Inc. detailed the outcomes of its annual meeting of stockholders held on May 28, 2025. The San Francisco-based online personal finance company, which operates under the ticker (NASDAQ:SOFI), announced the election of its board members and the approval of executive compensation among other matters. The company, currently valued at $14.7 billion, has demonstrated strong performance with a 90% stock return over the past year. According to InvestingPro analysis, SoFi has maintained profitability over the last twelve months with an impressive 82% gross profit margin.
During the annual meeting, shareholders voted on several key proposals. These included the election of ten board members to serve one-year terms expiring at the 2026 annual meeting, the approval of named executive officers’ compensation on a non-binding advisory basis, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2025.
The detailed results of the voting process revealed that all ten director nominees were elected to the board. The company’s executive compensation plan was also approved by shareholders. Additionally, Deloitte & Touche LLP was ratified as the company’s independent auditor for the current fiscal year.
Stockholders of record as of March 31, 2025, were entitled to vote at the meeting, with each share of common stock carrying one vote. The filing did not report any other matters submitted for stockholder action.
The filing, signed by Christopher Lapointe, SoFi Technologies Inc.’s Chief Financial Officer, confirms the official results of the votes and the decisions made during the annual meeting. This statement is based on a press release statement provided by the company.
In other recent news, SoFi Technologies reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $0.06, beating the forecast of $0.04, and reported revenue of $771.76 million, exceeding the projected $740.33 million. Following these strong results, SoFi raised its full-year guidance, indicating confidence in future growth. Despite the positive earnings, BofA Securities analyst Mihir Bhatia maintained an Underperform rating on SoFi with a $13.00 price target, citing concerns over the macroeconomic environment. The company added 800,000 new members in the quarter, reaching a total of 10.9 million, and introduced 1.2 million new products. SoFi’s adjusted EBITDA rose 46% year-over-year to $210 million, reflecting robust business momentum. Additionally, SoFi plans to expand its product offerings, including potential ventures into crypto and blockchain. These developments underscore SoFi’s strategic focus on innovation and growth, even amid broader economic uncertainties.
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