Shimmick Corporation (NASDAQ:SHIM), a player in the heavy construction sector, announced the results of its annual stockholders meeting held earlier this month. During the meeting, which took place on June 5, 2024, shareholders voted on several key proposals, including the election of directors and the ratification of the company's independent auditor.
The Irvine, California-based company reported that all six director nominees named in the 2024 Proxy Statement were elected to serve one-year terms expiring at the 2025 annual meeting. The elected directors are Mitchell B. Goldsteen, Steven E. Richards, Carolyn L. Trabuco, Geoffrey E. Heekin, J. Brendan Herron, and Joseph A. Del Guercio. Each director received substantial support, with Goldsteen securing the highest number of "for" votes at 23,633,340, and the fewest "against" votes at 361,132.
In addition to the board elections, shareholders ratified the appointment of Deloitte & Touche LLP as Shimmick Corporation's independent registered public accounting firm for the fiscal year ending January 3, 2025. The proposal received an overwhelming number of "for" votes, totaling 35,022,773, with a minimal number of votes opposing or abstaining.
Furthermore, Peter Kravitz was elected as an additional director for a term also expiring at the 2025 annual meeting. Kravitz received 23,201,486 votes in favor of his election, 336,400 against, and 456,685 abstentions.
These voting outcomes are crucial as they reflect shareholder confidence in the company's governance and strategic direction. The election of directors and the ratification of the auditor are routine but vital aspects of corporate governance, ensuring that the company is managed in the interests of its shareholders.
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