Park Aerospace Corp. (NYSE:PKE), a manufacturer in the aircraft parts and auxiliary equipment sector, announced the results of its recent Annual Meeting of Shareholders held on Thursday. The company, headquartered in New York, saw the election of its board of directors with a significant majority of votes in favor.
The directors elected include Dale Blanchfield, Shane Connor, Emily J. Groehl, Yvonne Julian, Brian E. Shore, Carl W. Smith, D. Bradley Thress, and Steven T. Warshaw. The voting results reflected strong support for the current board, with the lowest number of votes for a director being 16,630,559 and the highest being 17,623,112.
Additionally, the shareholders approved a non-binding advisory resolution on the compensation for the named executive officers, with 17,252,938 votes in favor. Another key item on the agenda was the amendment to the company’s 2018 Stock Option Plan to increase the number of shares authorized for issuance by 750,000. This proposal was also approved with 16,971,324 votes supporting the amendment.
The appointment of CohnReznick LLP as the company's independent registered public accounting firm for the fiscal year ending March 2, 2025, was ratified with an overwhelming majority of 18,935,823 votes for the ratification.
Park Aerospace Corp. has ensured transparency in its corporate governance by promptly disclosing the outcomes of its shareholder meeting in accordance with SEC regulations. The details of the vote are made available in the company's Form 8-K filed with the SEC today, providing investors and the public with verifiable information about the company's management and oversight.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.