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In a recent SEC filing, Xponential Fitness, Inc. reported the results of its annual meeting of stockholders held on May 21, 2025. The filing, dated May 22, 2025, outlined the approval of two key proposals by the company’s shareholders. The company, currently valued at $402 million, has seen its stock price decline 44% over the past six months, though InvestingPro analysis suggests the shares are currently undervalued.
The first proposal involved the election of a Class I director to the Xponential Fitness Board of Directors. Mark Grabowski was elected with 18,256,428 votes for, 9,198,032 withheld, and 3,536,683 broker non-votes.
The second proposal was the ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. This proposal received overwhelming support from the shareholders, with 30,322,357 votes for, 510,244 against, and 158,542 abstentions.
Xponential Fitness, headquartered in Irvine, California, is incorporated in Delaware and is listed on the New York Stock Exchange under the ticker symbol XPOF. The company’s contact number is (949) 346-3000.
The filing confirms that the company is not an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards.
This report is based on the company’s 8-K filing with the Securities and Exchange Commission.
In other recent news, Xponential Fitness reported its first-quarter 2025 earnings, revealing a significant miss in earnings per share (EPS) with a reported EPS of -$0.20, falling short of the expected $0.16. Despite this, the company exceeded revenue expectations, bringing in $76.9 million compared to the projected $75.42 million. The company also announced the upcoming retirement of its CEO, Mark King, due to health concerns, with King remaining in his position until a successor is appointed. The leadership change has prompted investor concern, contributing to a notable drop in the company’s stock value. Jefferies analyst Randal Konik adjusted the price target for Xponential Fitness to $26 from $32 but maintained a Buy rating, citing stable core metrics despite the softer unit growth. North American system-wide sales rose by 18% year-over-year, and the company continues to focus on international expansion and leadership changes. The Board of Directors, led by Chairman Mark Grabowski, expressed gratitude for King’s contributions and a commitment to finding a suitable successor. As the company navigates these transitions, investors are watching for signs of continued strategic direction and operational stability.
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