On Thursday, Northern Technologies International (NASDAQ:NTIC) Corporation (NASDAQ:NTIC), a company specializing in coating, engraving, and allied services with a market capitalization of $123 million and a healthy 2.16% dividend yield, reported the outcomes of its Annual Meeting of Stockholders. According to InvestingPro analysis, the company maintains a GOOD financial health score and operates with moderate debt levels. The meeting, which took place on January 17, 2025, saw the election of eight board members and approval of executive compensation and auditors.
Stockholders holding 74.41% of the outstanding shares were present in person or represented by proxy, constituting a quorum for the proceedings. The eight director nominees proposed by the Board were elected with a majority of votes. Nancy E. Calderon received 5,781,957 votes in favor, with 291,231 withheld, and similar margins were observed for the other candidates, including Sarah E. Kemp, Sunggyu Lee, Ph.D., G. Patrick Lynch, Ramani Narayan, Ph.D., Richard J. Nigon, Cristina Pinho, and Konstantin von Falkenhausen. InvestingPro data shows the company has maintained strong financial metrics with a current ratio of 2.22 and revenue growth of 7.59% over the last twelve months.
Additionally, the compensation of the company's named executive officers was approved on an advisory basis, with 5,664,470 votes for, 398,613 against, and 10,105 abstained. Finally, the appointment of Baker Tilly US, LLP as the company’s independent registered public accounting firm for the fiscal year ending August 31, 2025, was ratified with an overwhelming majority of 7,043,084 votes for, 2,023 against, and 2,363 abstained.
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