LOWELL, MA – CSP Inc . (NASDAQ:CSPI), a computer systems design service company with a market capitalization of $207.73 million, recently held its 2025 Annual Meeting, where shareholders voted on several key proposals. The company, which has shown remarkable performance with an 87.82% return over the past year, gathered for the meeting on Monday to elect five directors and approve executive compensation, among other items. According to InvestingPro, CSPI maintains a GOOD overall financial health score, with 11 key investment insights available for subscribers.
Of the 9,882,613 shares eligible to vote, 7,281,537 were represented at the meeting, confirming a quorum. The elected directors, who will serve until the 2026 Annual Meeting, include Victor Dellovo, Ismail “Izzy” Azeri, Anthony Folger, Stephen Webber, and Marilyn T. Smith. The votes for the directors ranged from 5,218,463 to 5,387,153 in favor, with the remaining votes withheld and a number of broker non-votes recorded.
In an advisory capacity, shareholders also approved the compensation paid to the company’s named executive officers, with 4,977,528 votes in favor, 321,853 against, and 260,920 abstentions, alongside the usual broker non-votes.
The CSP Inc. 2025 Stock Incentive Plan received a mixed response, with 3,481,638 votes for, 1,810,417 against, and 268,246 abstentions. Despite the divided vote, the plan was approved.
Additionally, the appointment of RSM US, LLP as the company’s independent auditors for fiscal year 2025 was ratified with a significant majority, receiving 7,107,255 votes for, 154,424 against, and 19,858 abstentions.
The results of the Annual Meeting were certified by the Inspector of Elections and reported in a Form 8-K filed with the Securities and Exchange Commission on Thursday, February 6, 2025. This filing provides investors and the public with the outcomes of the meeting, ensuring transparency in the company’s governance processes.
CSP Inc., headquartered in Lowell, Massachusetts, operates within the computer integrated systems design sector and is incorporated in the state of Massachusetts. The company’s fiscal year ends on September 30. With a strong current ratio of 2.94 and more cash than debt on its balance sheet, CSPI demonstrates solid financial footing. Investors should note that the company’s next earnings report is scheduled for February 12, 2025. For detailed analysis and comprehensive insights, including Fair Value estimates and growth projections, visit InvestingPro, where you can access the full Pro Research Report, available for over 1,400 US stocks.
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