DALLAS, TX – Enhabit, Inc., a provider of home health care services, announced the results of its Annual Meeting of Stockholders held on Thursday. The company, listed on the New York Stock Exchange under the ticker NYSE:EHAB, confirmed the election of its board of directors and the ratification of its independent accountants.
During the meeting, shareholders voted on several key proposals. The first proposal involved the election of the company's board of directors for a one-year term expiring at the 2025 Annual Meeting of Stockholders. All of the company's nominees were elected, with Jeffrey W. Bolton and Barbara A. Jacobsmeyer receiving the highest number of votes for their positions, while nominees from AREX, a separate entity, received significantly fewer votes.
The second proposal for the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, passed with overwhelming support.
A third proposal, an advisory vote on the compensation of the company's named executive officers, also passed with a majority of votes in favor.
The voting outcomes reflect shareholder confidence in the current management and strategic direction of Enhabit, Inc. The company's business address is 6688 N. Central Expressway, Suite 1300, Dallas, Texas, and it operates under the SIC code 8082, which pertains to home health care services.
The information presented in this article is based on a press release statement.
In other recent news, Enhabit, Inc. has reported strong Q2 preliminary results, expecting an Adjusted EBITDA of $24.5 million to $25.0 million and announcing a significant $15 million reduction in bank debt. In the midst of these financial improvements, AREX Capital Management, a major shareholder, has proposed seven new director nominees for Enhabit's board, expressing dissatisfaction with the company's direction. Despite this, Enhabit defended its current board, emphasizing recent improvements and urging shareholders to back its nominees. The company also received support from Institutional Shareholder Services for most of its director nominees. In addition, Enhabit stockholders have preliminarily voted to elect eight of its director nominees for the upcoming year, including one nominee from AREX Capital Management. These results are subject to final tabulation and certification. These are recent developments in the ongoing dynamics within Enhabit as the company navigates financial performance and governance issues.
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