Burnham Holdings, Inc. Announces Results of the Annual Meeting Shareholders' Vote and Declares Dividend
Rhea-AI Summary
Burnham Holdings announced key outcomes from their April 28, 2025 Annual Meeting in Lancaster, PA. Shareholders approved two major proposals:
- Election of three directors (Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern) for three-year terms ending in 2028
- Appointment of Baker Tilly US as independent auditors for fiscal year 2025
The Board of Directors declared two dividends:
- Quarterly common stock dividend of $0.23 per share
- Semi-annual preferred stock dividend of $1.50 per share
Both dividends will be payable on June 26, 2025, with a record date of June 19, 2025. Burnham Holdings, trading under symbol BURCA on the OTC Exchange, operates as a parent company overseeing multiple subsidiaries that manufacture boilers, furnaces, and HVAC products for residential, commercial, and industrial applications.
Positive
- Maintained quarterly common stock dividend of $0.23 per share
- Continued semi-annual preferred stock dividend of $1.50 per share
- Successful shareholder approval of director appointments and auditor selection
Negative
- None.
News Market Reaction – BURCA
In the trading session that priced this news, BURCA gained 3.23%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Annual Meeting was held earlier today in
- The election of Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern as directors for three-year terms ending in 2028; and
- The appointment of Baker Tilly US, LLP, or other auditing firm as the Board may select, as independent auditors for the 2025 fiscal year.
BHI's Board of Directors also held a meeting today at which they declared a quarterly common stock dividend of
About Burnham Holdings, Inc.: BHI is the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, furnaces and related HVAC products and accessories for residential, commercial, and industrial applications. BHI is listed on the OTC Exchange under the ticker symbol "BURCA". For more information, please visit www.burnhamholdings.com.
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SOURCE Burnham Holdings, Inc.