Sono-Tek announces board changes and shareholder vote results at annual meeting

Sono-Tek Corporation (NASDAQ:SOTK), a $51.9 million market cap technology company trading near its 52-week low of $3.23, reported several outcomes from its annual meeting of shareholders held Thursday. According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.77, indicating robust liquidity. The information is based on a press release statement and an SEC filing.

Philip Strasburg, a member of the board of directors, did not stand for reelection and his term ended upon the conclusion of the meeting. The company, which InvestingPro analysis shows has been profitable over the last twelve months with earnings per share of $0.09, continues to maintain strong corporate governance standards.

Shareholders elected four nominees—Christopher L. Coccio, R. Stephen Harshbarger, Joseph Riemer, and Kirk Warshaw—to the board of directors to serve until the 2026 annual meeting. The vote counts for each nominee were as follows: Coccio received 5,259,293 votes for and 1,976,276 against; Harshbarger received 7,083,745 for and 151,824 against; Riemer received 5,208,167 for and 2,027,402 against; and Warshaw received 7,124,714 for and 110,855 against. There were 5,153,415 broker non-votes for each nominee.

Directors Eric Haskell, Adeniyi Lawal, and Carol O’Donnell, whose terms conclude in August 2026, continue to serve on the board.

Shareholders also ratified the appointment of CBIZ CPAs P.C. as Sono-Tek’s independent auditors for the fiscal year ending February 28, 2026. The proposal received 12,288,172 votes in favor and 100,812 against, with no abstentions or broker non-votes.

In a non-binding advisory vote, shareholders approved the compensation of the company’s named executive officers, with 6,793,102 votes for, 201,778 against, 240,689 abstentions, and 5,153,415 broker non-votes.

Additionally, shareholders recommended, by a non-binding advisory vote, that future non-binding shareholder votes on executive compensation be held every three years. The vote tallies were 3,451,908 for one year, 202,721 for two years, and 3,452,160 for three years. There were no broker non-votes for this item.

Sono-Tek Corporation is based in Milton, New York, and its common stock is listed on the NASDAQ exchange under the symbol SOTK. The company’s stock, which typically moves in the opposite direction of the broader market with a beta of -0.12, currently trades at a P/E ratio of 36.49. InvestingPro analysis suggests the stock is slightly undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.

In other recent news, Sono-Tek Corporation reported its financial results for the second quarter of 2025, aligning with analysts’ expectations. The company achieved an earnings per share (EPS) of $0.02 and generated $5.12 million in revenue, indicating stable performance despite challenging market conditions. Additionally, Sono-Tek secured a significant $1.12 million order from a long-standing client in the medical diagnostic testing industry. This client, a global manufacturer of medical diagnostic platforms, has previously purchased over ten mid-size ultrasonic coating systems from Sono-Tek.

In corporate governance updates, Sono-Tek announced the election of Kirk Warshaw to its Board of Directors. Warshaw, who brings over 40 years of financial and management experience, currently holds executive positions at Bogue Machine Company and UAV Turbines. His election was not influenced by any prior arrangements, and he will receive the standard compensation for board members. These developments reflect Sono-Tek’s ongoing efforts to strengthen its leadership and maintain robust business relationships.

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