Willdan Group expands incentive plan and holds annual meeting

Willdan Group , Inc. (NASDAQ:WLDN), a provider of professional technical and consulting services with a market capitalization of $807 million, has announced the expansion of its 2008 Performance Incentive Plan following stockholder approval. The amendments to the plan include an increase of 150,000 shares available for award grants, raising the new aggregate share limit to 5,719,167 shares of common stock. Additionally, the number of shares that may be delivered as "incentive stock options" under the plan has also increased by 150,000 shares, setting the new aggregate limit at 5,950,000 incentive stock options. Moreover, the term of the 2008 Plan has been extended until April 13, 2035. The company’s stock has shown remarkable performance, with a 48% return year-to-date, according to InvestingPro data.

The company held its Annual Meeting of Stockholders on Thursday, where five key proposals were voted upon. The stockholders elected seven director nominees, ratified the appointment of Crowe LLP as the independent registered public accounting firm for fiscal year 2025, and approved, on a non-binding advisory basis, the named executive officer compensation. Additionally, the stockholders agreed on a one-year frequency for future advisory votes on executive officer compensation. The amendment to the 2008 Plan as described above was also approved. InvestingPro analysis shows the company maintains a strong financial health score of 3.28 (rated as "GREAT"), with liquid assets exceeding short-term obligations and moderate debt levels.

The total number of shares represented by presence or by proxy at the Annual Meeting was equivalent to 83.06% of the company’s total shares issued and outstanding as of the record date, April 15, 2025, thereby establishing a quorum.

The detailed results of the vote for each proposal were disclosed, indicating strong support for the company’s direction and governance.

This report is based on a press release statement.

In other recent news, Willdan Group Inc. reported a robust performance in the first quarter of 2025, significantly surpassing both earnings and revenue expectations. The company achieved an adjusted earnings per share of $0.63, outstripping the anticipated $0.44. Revenue reached $152.39 million, more than double the forecasted $73.1 million, marking a substantial earnings surprise. These results were driven by strategic acquisitions and the expansion of services in electrical engineering and data center solutions. Willdan’s strong operational performance has prompted the company to raise its financial targets for 2025, projecting net revenue between $325 million and $335 million. Analysts from ROTH Capital Partners (WA:CPAP) and Clear Street noted the company’s successful execution and strategic positioning in the market. The recent acquisitions of Amica, Alpha Inspections, and APG have further strengthened Willdan’s market position. The company is closely monitoring potential tariff impacts, which could affect equipment pricing and project timelines.

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