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Taylor Devices, Inc. filings document governance, compensation and shareholder-vote matters for the Nasdaq-listed manufacturer of shock absorption, rate control and energy storage devices. The definitive proxy statement describes annual meeting proposals, including director election matters, auditor ratification and the 2025 Taylor Devices, Inc. Stock Option Plan.
Form 8-K disclosures report material events such as shareholder voting results and approval of compensatory arrangements. Together, the filings record board election mechanics, independent auditor matters, equity incentive-plan governance and related public-company reporting obligations.
Taylor Devices, Inc. (TAYD) reported the results of its October 17, 2025 annual meeting. Shareholders approved the 2025 Stock Option Plan, elected Robert Carey as a Class 3 Director for a term expiring in 2028, and ratified Lumsden & McCormick, LLP as the independent registered public accounting firm for the fiscal year ending May 31, 2026.
Vote results: Director election—Votes For: 1,061,147; Votes Withheld: 434,104; Broker Non-Votes: 686,497. Auditor ratification—Votes For: 2,174,614; Votes Against: 896; Votes Abstained: 6,238. 2025 Stock Option Plan—Votes For: 1,343,996; Votes Against: 147,376; Votes Abstained: 3,879; Broker Non-Votes: 686,497.
Taylor Devices, Inc. reported lower results for the quarter ended August 31, 2025. Net sales were about $9.9 million, down from roughly $11.6 million a year earlier, mainly from weaker long-term project activity and a sharp drop in Asia sales. Net income was $2.19 million, compared with $2.67 million, and earnings per share fell to $0.70 from $0.85 as gross margin slipped to 45% from 47%.
The company remains debt-free with a strong balance sheet, holding $2.2 million in cash and $34.2 million in short-term investments, and total stockholders’ equity of $64.3 million. Backlog was $27.9 million on 127 open orders, slightly below the $28.4 million level a year earlier but above the prior year-end. Operating cash flow turned positive at $0.5 million, and the company plans about $2.75 million in capital spending over the next twelve months while not providing for dividends or profit sharing this fiscal year.
Taylor Devices, Inc. has called its 2025 annual shareholder meeting for October 17, 2025, with one Class 3 director, Robert M. Carey, standing for election to a three-year term. Shareholders will also vote on ratifying Lumsden & McCormick, LLP as auditor for the fiscal year ending May 31, 2026.
A key proposal is approval of the 2025 Taylor Devices, Inc. Stock Option Plan, which would reserve up to 316,200 shares for equity awards and replace the 2022 plan. As of May 31, 2025, stock options outstanding totaled 399,300, and fully diluted overhang was about 11.9%, which would rise to roughly 18.5% if the new plan is approved. The proxy details board composition, committee activity, director and executive compensation, and insider trading and governance policies.
Taylor Devices, Inc. (TAYD) — Annual report excerpts The filing excerpts describe audit procedures over estimates and revenue recognition, inventory testing and physical observation, and inventory valuation methods. The company reported inventory disposals of $107,000 and $791,000 for the years ended May 31, 2025 and 2024, respectively. The provision for potential inventory obsolescence was $0 in 2025 and $386,000 in 2024. Accounts payable included amounts of $97,673 and $372,347 as of May 31, 2025 and 2024. The filing notes common shares issued to employees: 155 shares (price range $32.51–$49.40) and 372 shares (price range $21.70–$48.89), and 215,838 shares reserved for future issue as of May 31, 2025. The company continues reworking slow-moving inventory to fulfill customer orders.