SharkNinja shares soar 11% as third quarter results crush expectations
TechPrecision Corporation (NASDAQ:TPCS), a small-cap manufacturing company with a market capitalization of $53 million and impressive year-to-date returns of nearly 50%, announced Thursday that its 2025 Annual Meeting of Stockholders will be held virtually on Tuesday, October 28, 2025. According to InvestingPro data, the company’s stock has delivered strong performance with a 72% gain over the past year. The company’s board of directors set October 1, 2025, as the record date for shareholders eligible to participate in the meeting.
According to a statement released in a regulatory filing, the company noted that the 2025 meeting will take place more than 30 days before the anniversary of its previous annual meeting, which was held on December 19, 2024. As a result, the deadlines for shareholder nominations and proposals outlined in the prior year’s proxy statement no longer apply.
Shareholders who wish to submit proposals to be included in the proxy statement for the 2025 meeting under SEC Rule 14a-8 must deliver their proposals in writing to TechPrecision’s principal executive offices by October 1, 2025. Proposals must comply with SEC rules and the company’s bylaws.
For shareholder proposals or director nominations that are not intended for inclusion in the proxy materials, submissions must be received by the company’s Corporate Secretary no later than September 28, 2025. Notices must include the information required by the company’s bylaws.
Additionally, shareholders intending to solicit proxies for director nominees other than those selected by the board must provide notice with the information required under SEC Rule 14a-19 by October 1, 2025.
Details regarding the time and online access to the annual meeting will be provided in the company’s forthcoming proxy statement to be filed with the Securities and Exchange Commission prior to the meeting.
This information is based on a statement from TechPrecision Corporation’s recent SEC filing.
In other recent news, TechPrecision Corporation reported its first-quarter fiscal year 2026 earnings, revealing a mixed financial landscape. The company posted a net loss of $600,000, which translates to a loss of $0.06 per share, despite achieving consolidated revenue of $7.4 million. This revenue figure represents an 8% decrease compared to the same quarter last year. Additionally, TechPrecision Corporation extended the maturity date of its $4.5 million revolving line of credit with Berkshire Bank. The new maturity date is set for January 16, 2026, as per an amendment executed recently. This amendment pertains to the revolving line of credit originally established under an agreement from August 2021. The extension marks a strategic financial move for the company, allowing more flexibility in its financial planning. These developments provide insight into TechPrecision’s current financial and operational strategies.
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