SunCoke Energy stockholders vote on executive matters

Published 15/05/2025, 18:34
SunCoke Energy stockholders vote on executive matters

SunCoke Energy, Inc. (NYSE:SXC), a $750 million market cap company with a "GREAT" financial health rating according to InvestingPro, disclosed the outcomes of its 2025 Virtual Annual Meeting of Stockholders held on May 15, 2025, in a recent SEC filing. The meeting saw a high turnout with approximately 85.52% of the total outstanding shares represented in person or by proxy, establishing a quorum.

During the meeting, stockholders voted on the election of two directors to the class whose term expires in 2028. Arthur F. Anton received 62,440,914 votes for, 2,997,378 against, and 56,970 abstentions. Michael W. Lewis (JO:LEWJ) garnered 64,063,946 votes for, 1,351,808 against, and 79,508 abstentions. Both nominees had a significant number of votes in their favor, with 6,894,806 broker non-votes recorded for each director. The company, currently trading at an attractive P/E ratio of 8.1 and offering a notable 5.4% dividend yield, has shown strong shareholder returns.

Additionally, a non-binding advisory vote to approve the compensation of the company’s named executive officers was held, resulting in 62,904,211 votes for, 1,957,511 against, and 633,540 abstentions, along with the same number of broker non-votes as the director elections.

The appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was also ratified with 71,426,330 votes for, 846,079 against, and 117,659 abstentions. This proposal did not have any broker non-votes.

The results of the votes are considered final. The filing confirms that the necessary corporate governance actions were taken and provides transparency on the company’s executive decisions and stockholder sentiments. This information is based on the SEC filing and reflects the company’s commitment to corporate governance and stockholder engagement. According to InvestingPro analysis, SunCoke Energy appears undervalued, with a strong free cash flow yield of 16% and healthy liquidity demonstrated by a current ratio of 2.4. For deeper insights into SunCoke Energy’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, SunCoke Energy Inc . reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.20, compared to the forecasted $0.17. Revenue for the quarter reached $436 million, demonstrating strong operational performance despite challenging market conditions. The company achieved a consolidated adjusted EBITDA of $59.8 million, although this was a decrease from $67.9 million in the previous year. SunCoke Energy extended its Granite City coke supply agreement with U.S. Steel through September 2025, with an option for an additional three-month extension. The company also reaffirmed its full-year consolidated adjusted EBITDA guidance, projecting between $210 million and $225 million. SunCoke Energy declared a dividend of $0.12 per share, payable on June 2, 2025. Despite the earnings beat, the stock faced a decline in pre-market trading, reflecting investor concerns over the steel industry’s uncertain outlook. The company maintains a strong liquidity position with $543.7 million available, emphasizing its commitment to disciplined capital allocation and shareholder rewards.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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