Friedman Industries Inc.

09/23/2025 | Press release | Distributed by Public on 09/23/2025 09:56

Proxy Results (Form 8-K)

Item 5.07 Submission of Matters to a Vote of Security Holders.
On September 18, 2025, Friedman Industries, Incorporated (the "Company") held its Annual Meeting of Shareholders. At the meeting, the shareholders voted on the election of seven directors of the Company to hold office until the next Annual Meeting of Shareholders or until their respective successors are duly elected and qualified. The seven nominees of the Board of Directors of the Company were elected at the meeting. The number of shares voted for and withheld with respect to each of the nominees were as follows:
Nominee
Shares Voted For
Shares Withheld
Michael J. Taylor
3,440,748 65,611
Michael Hanson
3,457,262 49,097
Max Reichenthal
3,381,135 125,224
Sandy Scott
2,920,869 585,490
Tim Stevenson
3,383,604 122,755
Sharon Taylor
3,407,399 98,960
Joe L. Williams
3,096,330 410,029
The shareholders also voted on the following non-binding, advisory resolution regarding the compensation of the Company's executive officers: "Resolved, that the shareholders approve the compensation of the Company's Named Executive Officers as disclosed in the Company's 2025 proxy statement pursuant to the disclosure rules of the U.S. Securities and Exchange Commission (which disclosure includes the Summary Compensation Table and related discussion)." The number of shares that were voted for, voted against or abstained from voting on the approval of the non-binding, advisory resolution regarding the compensation of the Company's executive officers are as follows:
Shares
For
3,363,395
Against
82,140
Abstain
60,822
The shareholders also voted on the frequency of the advisory vote of the compensation of the Company's executive officers. The number of the shares that were voted for a frequency of 1 year, voted for a frequency of 2 years, voted for a frequence of 3 years or abstained from voting on the frequency of the advisory vote of the compensation of the Company's executive officers are as follows:
Shares
1 Year
2,960,270
2 Years
9,443
3 Years
529,211
Abstain
8,526
The shareholders also voted to ratify the selection of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2026. The number of shares that were voted for, voted against or abstained from voting on the ratification of the selection of Baker Tilly US, LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2026 are as follows:
Shares
For
5,140,194
Against
69,423
Abstain
5,183
The shareholders also voted on an amendment to the Company's Articles of Incorporation to allow shareholders the ability to amend the Company's Bylaws. The amendment to the Company's Articles of Incorporation was not approved because the affirmative votes received were less than two-thirds of the Company's outstanding shares entitled to vote at the meeting.
The number of the shares of Common Stock represented at the meeting that were voted for, voted against, or abstained from voting on the amendment to the Company's Articles of Incorporation to allow shareholders the ability to amend the Company's Bylaws are set forth below:
Shares
For
3,418,330
Against
81,346
Abstain
6,683
The shareholders also voted to approve the Company's 2025 Long-Term Incentive Plan. The number of the shares of Common Stock represented at the meeting that were voted for, voted against, or abstained from voting on the approval of the Company's 2025 Long-Term Incentive Plan are set forth below:
Shares
For
3,347,167
Against
142,507
Abstain
15,590
Friedman Industries Inc. published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 23, 2025 at 15:56 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]