OCALA, FL—Nobility Homes, Inc., a company specializing in mobile homes, announced the results of its annual shareholder meeting held on Monday. Shareholders voted to elect four nominees to the company's board of directors.
The meeting, which took place on July 22, 2024, saw the re-election of all four board members presented by the board of directors. Terry E. Trexler received 2,684,349 votes for his election, Thomas W. Trexler garnered 2,683,914 votes, Arthur L. Havener, Jr. received 2,673,793 votes, and Robert P. Saltsman received 2,561,914 votes. There were no votes against the nominees, but some votes were withheld, with Trexler having 33,831, Thomas Trexler 34,266, Havener 44,387, and Saltsman 156,266. There were no broker non-votes.
The elected directors will serve until the next annual meeting and until their successors are elected and qualified. The re-election of the board members underscores shareholder confidence in the current leadership and direction of the company.
Nobility Homes, headquartered in Ocala, Florida, has been a part of the mobile homes industry under the SIC code 2451, and it operates primarily within the state of Florida. The company's fiscal year ends on November 5.
The election results were filed with the Securities and Exchange Commission (SEC) on Tuesday, in a Form 8-K, which is used to notify investors of events that may be important to shareholders or the SEC.
InvestingPro Insights
In light of the recent shareholder meeting for Nobility Homes, Inc., a closer examination of the company's financial health and stock performance may offer shareholders and potential investors additional insights. According to InvestingPro data, Nobility Homes holds a market capitalization of $104.6 million USD and has demonstrated financial resilience with a P/E ratio of 11.23, reflecting investor confidence in the company's earnings potential. Additionally, the company's strong operating income margin of 19.37% over the last twelve months as of Q2 2024, suggests efficient management and profitability.
InvestingPro Tips indicate that Nobility Homes has more cash than debt on its balance sheet and liquid assets that exceed short-term obligations, which could provide a buffer against market volatility and ensure operational stability. Despite a recent dip in stock price over the last week, the company has seen a substantial return of 33.33% over the last month. Moreover, Nobility Homes has been profitable over the last twelve months, which is a reassuring sign for investors looking for sustainable performance.
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