Envela Corp SEC Filings

Envela Corporation held its 2026 annual meeting of stockholders on June 24, 2026 at its Irving, Texas headquarters. Stockholders representing 24,850,393 shares, or 95.71% of common stock outstanding as of May 5, 2026, were present in person or by proxy.

All six nominees named in the proxy statement were elected to the board of directors. Vote totals included 21,099,152 votes for John R. Loftus, 22,447,304 for Vince C. Ackerson, 22,465,388 for Alexandra C. Griffin, 21,311,090 for Jim R. Ruth, 22,473,823 for Richard D. Schepp, and 22,472,068 for Vicky C. Teherani, with broker non-votes reported for each director.

Stockholders also approved the ratification of Whitley Penn as Envela’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with 24,845,964 votes for, 3,451 against, 978 abstentions, and no broker non-votes reported for this proposal.

Envela Corp CFO John Garrett DeLuca reported an open-market purchase of 55 shares of Common Stock at $23.94 per share. Following this transaction, he directly owns 3,196 shares. This filing reflects a small increase in his personal equity stake in the company.

Envela Corporation reported a sharp jump in profitability for the quarter ended March 31, 2026. Sales rose to $98.4M from $48.3M, driven mainly by the consumer jewelry segment and stronger gold and silver pricing, while the commercial recommerce business also grew.

Net income increased to $8.8M from $2.5M, with earnings of $0.34 per basic and diluted share. Operating cash flow improved to $21.2M, boosting cash and cash equivalents to $38.6M and lifting stockholders’ equity to $75.9M against total liabilities of $32.1M.

Envela Corporation is asking stockholders to vote at its 2026 Annual Meeting on June 24, 2026, to elect six directors, ratify Whitley Penn as independent auditor for 2026, and approve a possible adjournment to solicit additional proxies if needed.

The company is a “controlled company,” with over 50% of voting power held by a single individual, Chairman and CEO John R. Loftus, who beneficially owns 19,180,187 shares of common stock out of 25,963,476 outstanding as of May 5, 2026. Independent directors chair the Audit and Governance, Compensation, and Nominating Committees, and Envela maintains a Code of Business Conduct and Ethics, Anti-Hedging policy, and Clawback policy.

For 2025, CFO John G. DeLuca received total compensation of $293,461, while the proxy reports no salary or bonus for Mr. Loftus. Stockholders previously approved a 2025 Equity Incentive Plan covering up to 1.1 million shares, though no awards were outstanding at year-end 2025. Pay-versus-performance data show net income of about $14.6 million in 2025 and a cumulative Total Stockholder Return value of 254.37 on a $100 base investment since December 31, 2022.

Envela Corporation disclosed that its Board of Directors has extended the expiration date of its existing stock repurchase plan from March 31, 2026 to March 31, 2028. All other terms and conditions of the plan remain the same.

Under this repurchase plan, Envela is authorized to buy back up to an aggregate of 1,100,000 shares of its common stock through open-market purchases, 10b5-1 plans, privately negotiated transactions, or other methods, in compliance with applicable laws and regulations. Repurchased shares may be retired at the discretion of designated officers.

Envela Corporation files its annual report detailing a recommerce- and recycling-focused business built around two segments: consumer (luxury jewelry, watches, bullion) and commercial (IT asset disposition, electronics recycling, and product returns). The company positions itself within the circular economy by extending product lifecycles and reclaiming precious and base metals.

As of June 30, 2025, Envela’s common stock held by non-affiliates had an aggregate market value of $41.5 million, and as of March 17, 2026, there were 25,963,476 shares outstanding. The company employed 276 people in Fiscal 2025 and operated 18 facilities, primarily in Texas and Arizona. Management highlights sustainability metrics, including sales of refining-grade precious metals and large volumes of secondary electronics and electronic scrap, while outlining extensive risk factors such as commodity price volatility, competition, regulatory and ESG pressures, cybersecurity threats, high interest rates, and concentrated ownership that qualifies Envela as a “controlled company.”

Envela Corp director reports no share ownership. Vicky C. Teherani, a director of Envela Corp, filed an initial insider ownership statement as of 02/04/2026. The filing states that no non-derivative or derivative securities of Envela Corp are beneficially owned.

Envela Corp reported an insider stock purchase by its chief financial officer. On 11/28/2025, the CFO bought 90 shares of Envela common stock at a price of $11.78 per share, coded as a purchase transaction. Following this trade, the officer directly beneficially owned 3,141 shares of Envela stock. The filing was submitted as a Form 4 for one reporting person, reflecting this change in ownership.

Envela Corporation reported stronger Q3 2025 results. Sales were $57,389,411 versus $46,899,559 a year ago, and net income rose to $3,356,920 from $1,685,039. Diluted EPS was $0.13, up from $0.06. Operating income increased to $4,201,528 from $2,020,472 as total operating expenses declined year over year.

The consumer segment delivered sales of $45,068,036 with gross margin of $5,201,070 (11.5%), while the commercial segment posted sales of $12,321,375 with gross margin of $7,866,860 (63.8%). For the nine months, two customers aggregated 51.2% of sales.

Cash and cash equivalents were $24,424,414 as of September 30, 2025, with inventories of $29,066,264. Total assets were $90,940,468 and total liabilities $29,874,572, resulting in stockholders’ equity of $61,065,896. The company repurchased 11,562 shares in the quarter for $67,582 and 32,225 shares year-to-date for $188,908. Shares outstanding were 25,963,476 as of November 4, 2025.