Stratus Properties reports annual meeting results

Stratus Properties Inc. (NASDAQ:STRS), a real estate development company with a market capitalization of $156 million, announced the outcomes of its annual stockholders meeting held on May 13, 2025, in a recent SEC filing. According to InvestingPro data, the company’s stock has seen a significant decline of 26% over the past six months, though management has been actively buying back shares. The Austin, Texas-based company disclosed that stockholders elected William H. Armstrong III and Kate B. Henriksen as Class III directors for a three-year term.

Additionally, the stockholders approved, on an advisory basis, the compensation of Stratus’ named executive officers and the frequency of one year for future advisory votes on executive compensation. Furthermore, the appointment of CohnReznick LLP as the independent registered public accounting firm for the year 2025 was ratified.

The meeting saw a significant turnout with 7,353,365 shares represented, out of the 8,072,897 shares outstanding as of the record date. Detailed voting results were provided for each proposal, including the number of votes for, votes withheld, and broker non-votes.

For the election of directors, Armstrong received 4,115,917 votes in favor and 1,312,602 withheld, while Henriksen received 4,126,835 votes in favor and 1,301,684 withheld. Both had 1,924,846 broker non-votes. The advisory approval of executive compensation saw 4,000,076 votes for, 1,423,435 against, 5,008 abstentions, and the same number of broker non-votes. As for the frequency of future advisory votes on executive compensation, 4,970,561 votes were in favor of one year, 8,314 for two years, 377,637 for three years, with 72,007 abstentions and 1,924,846 broker non-votes.

The ratification of CohnReznick LLP as the company’s independent auditor for 2025 received an overwhelming 7,327,295 votes for, 17,665 against, and 8,405 abstentions, with broker non-votes not applicable to this proposal.

Stratus Properties, in line with the stockholders’ preference and the board’s recommendation, will hold an advisory vote on executive compensation annually until the next required vote on the frequency of such advisory votes.

The SEC filing by Stratus Properties serves as the source of the information reported. For deeper insights into Stratus Properties’ financial health, which currently rates as "FAIR" according to InvestingPro, subscribers can access comprehensive analysis including 8 additional ProTips and detailed valuation metrics in the Pro Research Report, available exclusively to subscribers.

In other recent news, Straus Group reported a 6.6% increase in revenue for the fourth quarter of 2024, despite facing significant cost pressures from rising cocoa and coffee prices. The company highlighted an organic growth rate of 8.6% for the entire year and has been actively optimizing its portfolio, which contributed to its robust performance. Straus Group also reduced its net debt to less than 2 billion shekels, showcasing financial discipline amidst challenging market conditions. Additionally, the company declared a dividend of 360 million shekels, reflecting confidence in its strategic direction.

Straus Group has been focusing on expanding its core activities, aiming to reach 85% by 2026, and has made strategic divestments, including Sabra and the Serbia coffee business. The company is also investing in growth engines and productivity improvements, targeting cost savings of 300-400 million shekels. Analysts have noted the company’s strategic pricing adjustments to counteract commodity inflation, with firms highlighting its resilience in maintaining market leadership in Brazil and expanding in China. These recent developments indicate Straus Group’s commitment to enhancing its market position and financial performance.

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