Trinseo shareholders approve all proposals at annual meeting

Trinseo PLC (NYSE:TSE) announced Thursday that shareholders approved all eight proposals presented at the company’s Annual General Meeting, held Wednesday. The information is based on a press release statement and details disclosed in a recent SEC filing.

According to the filing, 30,495,443 shares—representing approximately 85.5% of shares eligible to vote—were present or represented by proxy at the meeting. This strong turnout comes as InvestingPro analysis reveals the company faces significant headwinds, including rapid cash burn and weak gross profit margins of just 7.92%.

Shareholders elected nine directors to serve until the 2026 annual general meeting. The directors elected were K’Lynne Johnson, Joseph Alvarado, Frank Bozich, Victoria Brifo, Jeffrey Cote, Jeanmarie Desmond, Matthew Farrell, Sandra Beach Lin, and Henri Steinmetz. Each nominee received at least 22 million votes in favor.

The advisory vote on executive compensation was approved, with 22,976,245 votes for, 742,263 against, and 24,417 abstentions.

Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2025. The vote was 28,808,438 in favor, 1,684,549 against, and 2,456 abstentions.

Additional proposals approved included granting authority to the board to issue shares, authority to opt out of statutory pre-emption rights for up to 10% of issued share capital, and approval of the price range for re-issuance of treasury shares.

The amendment to the company’s Omnibus Incentive Plan was also approved, with 23,267,791 votes in favor, 458,092 against, and 17,042 abstentions.

Finally, shareholders approved the forfeiture of certain options by the CEO, CFO, and CLO, with 21,843,490 votes for, 1,872,272 against, and 27,163 abstentions.

Trinseo PLC is incorporated in Ireland and its ordinary shares are traded on the New York Stock Exchange under the symbol TSE. The company currently maintains a market capitalization of $114.62 million and carries a substantial debt burden with a debt-to-capital ratio of 0.96. For deeper insights into Trinseo’s financial health and future prospects, including 8 additional ProTips and comprehensive valuation metrics, visit InvestingPro for the full research report.

In other recent news, Trinseo reported its first-quarter 2025 earnings, with an earnings per share (EPS) of -1.37, which exceeded analyst forecasts of -1.64. However, the company fell short on revenue, reporting $785 million against an expected $912.5 million. This revenue miss contributed to Trinseo’s decision to withdraw its full-year 2025 guidance due to market uncertainties. The company did provide guidance for the second quarter, expecting adjusted EBITDA to range between $55 million and $70 million, and forecasts breakeven free cash flow for the quarter. Trinseo also announced a quarterly dividend of $0.01 per share, payable in July 2025, as part of its ongoing shareholder return program. Additionally, Trinseo’s adjusted EBITDA increased to $65 million, marking the seventh consecutive quarter of year-over-year improvement. Despite the operational improvements, the company continues to face challenges, including negative free cash flow of $119 million in the first quarter and significant demand challenges in China. Analysts from Alembic Global Partners (NYSE:GLP) and TPH expressed interest in Trinseo’s strategies and market performance during the earnings call.

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