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On Wednesday, Vishay Precision Group, Inc. (VPG), an electronic components manufacturer with a market capitalization of $342 million, disclosed the outcomes of its 2025 Annual Meeting of Stockholders held on May 21, 2025. According to InvestingPro data, the company maintains a strong financial position with a current ratio of 4.51 and more cash than debt on its balance sheet. The meeting’s key agenda included the election of directors, ratification of the company’s independent auditor, and an advisory vote on executive compensation.
Stockholders elected seven directors to the company’s board, each to serve a one-year term until the 2026 Annual Meeting. The elected directors are Kobi Altman, Sejal Shah Gulati, Erez Lorber, Saul Reibstein, Ziv Shoshani, Nava Swersky Sofer, and Timothy Talbert. The voting results showed substantial support for each nominee, with Kobi Altman receiving the highest number of votes for and Timothy Talbert having the most votes withheld.
Additionally, shareholders ratified the appointment of Brightman Almagor Zohar & Co., part of the Deloitte global network, as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received overwhelming support, with 20,918,675 votes for and 5,653 against.
The non-binding advisory vote on executive compensation also passed, with 19,609,926 votes in favor, 800,046 against, and 7,259 abstentions. This vote reflects stockholder approval of the company’s executive compensation policies and practices.
All proposals were passed with a significant majority, and broker non-votes were reported for each proposal, indicating shares present but not voted on specific items.
The information provided in this article is based on Vishay Precision Group’s SEC filing.
In other recent news, Vishay Precision Group Inc (NYSE:VPG) reported its first-quarter 2025 earnings, which fell short of analyst expectations. The company announced earnings per share (EPS) of $0.04, significantly below the forecasted $0.1802, and reported revenue of $71.7 million, missing the anticipated $75.18 million. Despite these results, VPG improved its operating margin to 1.1% from 0.8% in the previous quarter and maintained a strong cash position. The company is focusing on cost reductions and efficiency improvements, with plans to achieve $5 million in annual operational cost reductions by the end of the year. VPG is also exploring growth opportunities in the robotics and semiconductor markets. Analysts from firms like Sidoti and B. Riley Securities have shown interest in the company’s strategic initiatives and cost-saving measures. The company provided a revenue forecast for the second quarter of 2025, indicating potential stabilization with expected revenues between $70 million and $76 million. Despite the challenges, VPG remains optimistic about its long-term potential and continues to focus on strategic acquisitions to enhance growth.
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