Wendy’s shareholders vote on key proposals at annual meeting

The Wendy’s Company (NASDAQ:WEN), a prominent player in the fast-food industry currently trading near its 52-week low at $11.50, announced the outcomes of its 2025 Annual Meeting of Stockholders, which took place on Tuesday. The meeting addressed several key proposals detailed in the company’s SEC filing.

Shareholders elected all 10 director nominees to serve until the next annual meeting or until their successors are appointed. The directors received a majority of the votes cast for their respective elections. Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2025 was ratified.

An advisory resolution to approve executive compensation passed with majority support. However, three stockholder proposals did not receive enough votes to pass. These included a proposal for an emissions reduction assessment, another concerning worker-driven social responsibility, and a third regarding the reduction of single-use plastics. The company’s stock has faced significant pressure, declining over 33% in the past six months, though InvestingPro analysis shows management has been actively buying back shares.

The voting results indicate sustained investor confidence in the current management and strategic direction, while also reflecting the growing interest of shareholders in environmental and social governance issues.

The company’s SEC filing provides further details on the proposals and the voting results. The information is based on a press release statement, offering a transparent view of the company’s governance and shareholder engagement.

In other recent news, Wendy’s reported its first-quarter earnings for 2025, aligning with market expectations at $0.20 per share. However, the company revised its full-year 2025 guidance downward, citing macroeconomic challenges and softer same-store sales. Despite maintaining its global unit growth projections, Wendy’s expects modest declines in domestic sales. Analysts at Guggenheim downgraded Wendy’s stock from Buy to Neutral, emphasizing the need for strategic reassessment to balance unit growth with franchisee profitability. BMO Capital Markets also adjusted its price target for Wendy’s shares to $15.00, retaining a Market Perform rating, while UBS maintained a Neutral rating with a $14.00 target. Loop Capital reduced its price target to $21 but kept a Buy rating, expressing confidence in Wendy’s fundamental value. Evercore ISI lowered its price target to $15.00, maintaining an In Line rating and adjusting sales forecasts for upcoming quarters. These developments highlight the challenges Wendy’s faces in navigating the competitive market and achieving its financial targets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.