Sypris Solutions (SYPR) investors approve directors and executive pay at 2026 meeting
Rhea-AI Filing Summary
Sypris Solutions, Inc. held its regular Annual Meeting of Stockholders in Louisville, Kentucky on June 16, 2026. There were 23,011,130 shares of common stock outstanding as of the April 27, 2026 record date.
Stockholders elected Class III directors William G. Ferko and Jeffrey T. Gill to serve until the 2029 Annual Meeting of Stockholders and until their successors are duly elected and qualified. Ferko received 12,560,502 votes for and 295,453 withheld, while Gill received 12,805,569 votes for and 50,386 withheld, with no broker non-votes reported for either nominee.
Stockholders also approved, on an advisory basis, the compensation of the Company’s named executive officers as described in the April 30, 2026 proxy statement. The advisory resolution received 12,687,835 votes for, 154,456 against, 13,664 abstentions, and no broker non-votes.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 23,011,130 shares
Votes for Ferko: 12,560,502 votes
Votes for Gill: 12,805,569 votes
+5 more
8 metrics
Shares outstanding
23,011,130 shares
Common stock outstanding as of April 27, 2026 record date
Votes for Ferko
12,560,502 votes
Election of director William G. Ferko
Votes for Gill
12,805,569 votes
Election of director Jeffrey T. Gill
Ferko withheld votes
295,453 votes
Votes withheld on Ferko’s election
Gill withheld votes
50,386 votes
Votes withheld on Gill’s election
Say-on-pay votes for
12,687,835 votes
Advisory vote on named executive officer compensation
Say-on-pay votes against
154,456 votes
Advisory vote on named executive officer compensation
Say-on-pay abstentions
13,664 votes
Advisory vote on named executive officer compensation
Key Terms
Annual Meeting of Stockholders, Class III director, Advisory Vote on Named Executive Officer Compensation, broker non-votes, +1 more
5 terms
Annual Meeting of Stockholders regulatory
"The regular Annual Meeting of Stockholders of Sypris Solutions, Inc. was held in Louisville, Kentucky on June 16, 2026"
Class III director regulatory
"The stockholders of the Company elected each of the Class III director nominees proposed by the Company’s Board of Directors"
A Class III director is a board member placed in one of the numbered groups used by companies with a staggered (or “classified”) board; that director’s seat typically comes up for election in the third year of a three-year rotation. For investors this matters because staggered terms create continuity but also make it harder to replace the whole board quickly, affecting shareholder influence, takeover dynamics and how fast new strategy or accountability can be implemented — like replacing only some players on a sports team each season instead of the whole roster at once.
Advisory Vote on Named Executive Officer Compensation financial
"Advisory Vote on Named Executive Officer Compensation. The stockholders of the Company approved an advisory resolution approving the compensation"
broker non-votes regulatory
"DIRECTOR | FOR | WITHHELD | BROKER NON-VOTES William G. Ferko | 12,560,502 | 295,453 | 0"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
record date regulatory
"The total number of shares of common stock outstanding as of April 27, 2026, the record date of the Annual Meeting of Stockholders"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
What key items did Sypris Solutions (SYPR) stockholders vote on at the 2026 annual meeting?
Stockholders voted on electing two Class III directors and approving an advisory resolution on named executive officer compensation. Both director nominees were elected, and the executive compensation package received majority support based on the vote totals disclosed.
Were the Sypris Solutions (SYPR) Class III director nominees elected in 2026?
Yes, both Class III director nominees were elected. William G. Ferko received 12,560,502 votes for and 295,453 withheld, while Jeffrey T. Gill received 12,805,569 votes for and 50,386 withheld, with no broker non-votes reported for either nominee.
Did Sypris Solutions (SYPR) stockholders approve executive compensation in the 2026 advisory vote?
Yes, stockholders approved the advisory resolution on named executive officer compensation. The proposal received 12,687,835 votes for, 154,456 against, and 13,664 abstentions, with no broker non-votes, indicating majority support for the disclosed pay program.
What is the term of office for the newly elected Sypris Solutions (SYPR) Class III directors?
The elected Class III directors will serve until the 2029 Annual Meeting of Stockholders and until their successors are duly elected and qualified. This aligns with the company’s classified board structure described in the disclosure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
