Yext Inc. holds annual meeting, elects Class II directors

Published 12/06/2025, 22:50
Yext Inc. holds annual meeting, elects Class II directors

Yext, Inc. (NYSE:YEXT), a leader in digital presence management with a market capitalization of $1.01 billion and impressive gross profit margins of 76.54%, conducted its annual stockholders’ meeting on June 11, 2025. The company, which has demonstrated strong momentum with a 60.5% return over the past year, gathered shareholders to vote on several key proposals, including the election of Class II directors, ratification of the company’s independent auditor, and approval of executive compensation. According to InvestingPro analysis, Yext appears to be slightly undervalued based on its Fair Value calculations.

The shareholders elected three Class II directors to serve a three-year term expiring at the 2028 annual meeting. Hillary Smith, Michael Walrath, and Seth Waugh received the majority of affirmative votes. Smith received 89,532,391 votes for and 2,860,780 votes withheld, Walrath garnered 89,216,608 votes for and 3,176,563 votes withheld, and Waugh obtained 70,999,906 votes for and 21,393,265 votes withheld. All three nominees had a significant number of broker non-votes, each totaling 11,822,016. InvestingPro data shows the company maintains a GOOD overall financial health score, with management actively buying back shares, demonstrating confidence in the company’s direction.

In addition, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2026, was ratified by a substantial majority, with 103,808,354 votes for, 390,268 against, and 16,565 abstentions.

Regarding executive compensation, shareholders approved the compensation of the company’s named executive officers on an advisory, non-binding basis, with 90,759,484 votes for, 1,598,771 against, and 34,916 abstentions. There were also 11,822,016 broker non-votes for this proposal.

Lastly, the frequency of one year for future advisory votes to approve the compensation of the company’s named executive officers was approved by the shareholders, with 90,646,997 votes for one year, 16,656 for two years, 1,682,457 for three years, and 47,061 abstentions. Broker non-votes totaled 11,822,016. The Board of Directors has determined that future advisory votes on executive compensation will occur annually based on these results.

Yext, Inc.’s Board of Directors has taken into account the shareholders’ preferences as expressed in these votes and will implement the decisions accordingly. This information is based on the company’s recent SEC filing.

In other recent news, Yext Inc . reported its fiscal first-quarter 2026 results, which met earnings per share (EPS) forecasts and exceeded revenue expectations. The company achieved $109.5 million in revenue, surpassing the projected $107.6 million, while EPS matched forecasts at $0.12. Following these strong results, DA Davidson raised its price target for Yext to $8.25, maintaining a Neutral rating, while B. Riley upgraded the stock to Buy, increasing the price target to $10.00. B. Riley’s upgrade was based on improved key performance indicators and a positive outlook, as well as Yext’s management track record in expanding EBITDA margins and successful mergers and acquisitions.

Yext’s fiscal second-quarter 2026 outlook also exceeded consensus estimates, with a projected $1.8 million sequential increase in revenues at the midpoint and stable adjusted EBITDA. Despite these positive indicators, Yext has refrained from providing full-year revenue guidance due to macroeconomic uncertainties. The company did, however, increase its fiscal year 2026 adjusted EBITDA outlook by approximately $3 million at the midpoint. Additionally, Yext launched its new AI-powered product, Yext Scout, which is currently in open beta and expected to boost retention and annual recurring revenue growth.

Yext’s ongoing share buyback program has reduced the overall share count, and the company is exploring further strategic acquisitions, supported by a new debt facility from BlackRock (NYSE:BLK). These developments, along with a disciplined approach to mergers and acquisitions, are seen as positive factors for the company’s financial trajectory.

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

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