IRVING, TX – Envela Corp (NYSE American: ELA), a company specializing in retail jewelry, announced the results of its annual stockholders meeting held on Thursday, June 28, 2024. The meeting, which took place virtually, had a strong turnout with 87.61% of the eligible shares represented.
During the meeting, shareholders voted on several key proposals. The first proposal was the election of five members to the company’s Board of Directors. All five nominees from the definitive proxy statement, John R. Loftus, Jim R. Ruth, Alexandra C. Griffin, Allison M. DeStefano, and Richard D. Schepp, were elected to serve until the next annual meeting or until their successors are elected.
The second proposal concerned the ratification of Whitley Penn LLP as Envela Corp's independent registered public accounting firm for the fiscal year ending December 31, 2024. Shareholders approved this proposal with a significant majority.
The third proposal, which would allow the meeting to be adjourned to solicit additional proxies if necessary, was also approved. However, adjournment was not required as the prior proposals received sufficient votes for approval.
The voting results for the election of board members were as follows:
- John R. Loftus received 21,636,411 votes for and 8,352 withheld, with 1,360,364 broker non-votes.
- Allison M. DeStefano had 21,580,543 votes for and 64,220 withheld, with 1,360,364 broker non-votes.
- Jim R. Ruth garnered 21,236,224 votes for and 408,539 withheld, alongside 1,360,364 broker non-votes.
- Richard D. Schepp received 21,415,311 votes for and 229,452 withheld, with 1,360,364 broker non-votes.
- Alexandra C. Griffin had 21,415,614 votes for and 229,149 withheld, with 1,360,364 broker non-votes.
The ratification of Whitley Penn LLP as the company's independent auditor passed with 22,995,591 votes for, 8,459 against, and 1,077 abstentions.
The meeting concluded with all proposals addressed and approved by the shareholders. This information is based on a press release statement.
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