Goldman Sachs raises its gold price target to $4,900 by end-2026
TechPrecision Corporation (NASDAQ:TPCS), a small-cap manufacturer with a market capitalization of $50 million that has seen its stock surge over 72% in the past six months, announced changes to its corporate governance and compensation plans, according to a statement filed with the Securities and Exchange Commission. According to InvestingPro analysis, the company currently trades above its Fair Value.
On August 8, the Board of Directors approved an amendment to the company’s 2016 Equity Incentive Plan. The amendment removes the company’s ability to reprice stock options without first obtaining shareholder approval.
The Board also adopted amendments to the company’s bylaws, effective the same day. The revised bylaws implement a majority vote standard for uncontested elections of directors, while a plurality vote standard will remain in place for contested elections where the number of candidates exceeds the number of available seats. Director nominees who do not receive a majority of votes in uncontested elections will be required to submit their resignation to the Board, which will decide whether to accept or reject the resignation.
Additionally, the updated bylaws grant shareholders who own at least 20% of the company’s outstanding common stock the ability to request that the Board call a special meeting, subject to certain conditions specified in the bylaws.
The filing notes that the bylaws also contain other conforming, clarifying, and updating changes to supplement these amendments.
This information is based on a press release statement included in a recent SEC filing.
In other recent news, TechPrecision Corp reported its fourth-quarter earnings for 2025, revealing a 10% year-over-year increase in consolidated revenue, reaching $9.5 million. The company achieved a net income of $100,000 for the quarter, although it ended the year with a net loss of $2.7 million. These recent developments highlight TechPrecision’s continued efforts to improve its financial performance. Despite the net loss for the year, the quarterly earnings indicate progress in their revenue growth. Analysts have not provided any recent upgrades or downgrades for TechPrecision, leaving investors to focus on the company’s financial results. No new mergers or acquisitions have been announced by the company. The information provides investors with a clear view of TechPrecision’s current financial standing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.