Aspire Biopharma faces potential Nasdaq delisting after compliance shortfall
WD-40 Company (NASDAQ:WDFC) announced that Trevor I. Mihalik, a member of its Board of Directors, has notified the board of his decision to resign and not stand for re-election at the company’s upcoming annual meeting of stockholders, which is scheduled for December 12, 2025. The information was disclosed in a press release statement included in a filing with the Securities and Exchange Commission.
Mr. Mihalik has served on the board since 2019. He is currently chair of the Finance Committee and a member of both the Corporate Governance Committee and the Audit Committee. According to the filing, Mr. Mihalik will continue to serve in these roles until the date of the annual meeting.
The company stated that Mr. Mihalik’s decision to resign and not stand for re-election was not due to any disagreement with WD-40 Company regarding its operations, policies, or practices.
Upon Mr. Mihalik’s resignation, the size of the board will be reduced from 10 to 9 directors.
WD-40 Company is based in San Diego, California, and its common stock trades on the NASDAQ under the symbol WDFC. The stock is currently trading near its 52-week low of $190.01, with a market capitalization of $2.58 billion. For deeper insights and additional financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, WD-40 Company reported its earnings for the third quarter of 2025, demonstrating a steady growth pattern. The company achieved net sales of $156.9 million, marking a 1% increase compared to the previous year. Additionally, WD-40’s diluted earnings per share rose by 5% to $1.54. The company has reaffirmed its guidance for the fiscal year 2025, with projected net sales ranging from $600 million to $620 million and anticipated EPS growth between 12% and 18%. Despite these positive financial results, the stock experienced a slight decline. Investors and analysts are closely monitoring these developments as they assess the company’s strategic focus and financial outlook.
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