National Beverage Corp Announces Results of Annual Shareholder Meeting - Re-Election of Directors and Rejection of ESG Report Proposal
FORT LAUDERDALE, FL - National Beverage Corp. (NASDAQ: FIZZ), a leading carbonated beverages developer, recently disclosed the outcomes of its Annual Meeting of Shareholders held on October 4, 2024. The company reported the re-election of two Class I Directors and the dismissal of a shareholder proposal for an annual Environmental, Social, and Governance (ESG) report.
Shareholders voted to re-elect Mr. Joseph G. Caporella and Mr. Samuel C. Hathorn, Jr. The proposal for National Beverage to prepare and disclose a comprehensive ESG report annually did not pass. The company stated that there were no broker non-votes for any of the matters voted upon during the meeting.
In other news, National Beverage Corp. has seen positive developments, including an increased price target by CFRA to $50 and a special cash dividend announcement. The company also expanded its product range and formed a partnership with Major League Soccer team Inter Miami CF.
Analysis:
National Beverage Corp.'s recent shareholder meeting results reflect a positive outlook for the company. With an increased price target and strong financial performance, investors have shown confidence in the company's management. The rejection of the ESG report proposal suggests that shareholders prioritize financial growth and community engagement. As an investor, understanding these developments can provide valuable insights into National Beverage Corp.'s future prospects and market position.