CPS Technologies Corp. (NASDAQ:CPSH), a manufacturer specializing in pottery and related products with a market capitalization of $24.14 million, announced the results of its 2025 Annual Meeting of Stockholders held on April 29, 2025. According to InvestingPro analysis, the company’s stock is currently trading near Fair Value at $1.70 per share, with shares down about 13% over the past year. The meeting saw a 52.7% turnout of eligible shareholders, with over 85% of votes cast in favor of each of the company’s five director nominees.
The elected directors, who will hold office until the next annual meeting or until their successors are elected and qualified, are Grant C. Bennett, Francis J. Hughes, Jr., Daniel C. Snow, I. James Cavoli, and Ralph M. Norwood. The percentage of votes in favor ranged from 87.8% to 99.5%, indicating strong shareholder support.
In addition to the election of directors, shareholders also overwhelmingly approved the compensation of named executive officers, with 96.4% voting in favor. The advisory vote is a routine measure allowing shareholders to express their opinion on the company’s executive compensation plans.
Furthermore, the selection of the company’s independent registered public accounting firm was ratified with 94.6% of the votes for, demonstrating shareholder confidence in the firm’s financial oversight.
These results were confirmed by an independent inspector of elections and are based on the information provided in a recent SEC filing by CPS Technologies. The company is headquartered in Norton, Massachusetts, and incorporated in Delaware.
In other recent news, Cps Technologies reported a significant increase in its financial performance for the first quarter of 2025, with revenue rising 27% year-over-year to $7.5 million. This growth is attributed to strong demand in key markets such as electric vehicles and power modules, as well as improvements in manufacturing processes. The company also achieved a gross profit of $1.2 million, representing 16.4% of sales, and an operating profit of $130,000, marking a turnaround from an operating loss in the previous year. Cps Technologies is anticipating further expansion in the military and aerospace markets and is actively developing new products in fiber-reinforced aluminum. The company has been focusing on optimizing its supply chain and increasing its manufacturing capabilities. CEO Brian Mackie highlighted that the firm has successfully replaced the loss of armor revenue with growth in other product sales. The company is also participating in the Sidoti Virtual Investor Conference, which could enhance investor interest.
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