Burnham Holdings, Inc. Announces Results of the Annual Meeting Shareholders' Vote and Declares Dividend

Rhea-AI Summary

Burnham Holdings announced key outcomes from their April 28, 2025 Annual Meeting in Lancaster, PA. Shareholders approved two major proposals:

• Election of three directors (Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern) for three-year terms ending in 2028
• Appointment of Baker Tilly US as independent auditors for fiscal year 2025

The Board of Directors declared two dividends:

• Quarterly common stock dividend of $0.23 per share
• Semi-annual preferred stock dividend of $1.50 per share

Both dividends will be payable on June 26, 2025, with a record date of June 19, 2025. Burnham Holdings, trading under symbol BURCA on the OTC Exchange, operates as a parent company overseeing multiple subsidiaries that manufacture boilers, furnaces, and HVAC products for residential, commercial, and industrial applications.

Positive

• Maintained quarterly common stock dividend of $0.23 per share
• Continued semi-annual preferred stock dividend of $1.50 per share
• Successful shareholder approval of director appointments and auditor selection

Negative

• None.

LANCASTER, Pa., April 28, 2025 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today announced the results of the shareholder vote from today's Annual Meeting. In addition, the Company declared a dividend for both its common and preferred stock. 

The Annual Meeting was held earlier today in Lancaster, PA, with shareholders voting favorably on two proposals:

• The election of Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern as directors for three-year terms ending in 2028; and
• The appointment of Baker Tilly US, LLP, or other auditing firm as the Board may select, as independent auditors for the 2025 fiscal year.

BHI's Board of Directors also held a meeting today at which they declared a quarterly common stock dividend of $0.23 per share and a semi-annual preferred stock dividend of $1.50 per share. Both dividends are payable on June 26, 2025, with a record date of June 19, 2025.

About Burnham Holdings, Inc.: BHI is the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, furnaces and related HVAC products and accessories for residential, commercial, and industrial applications. BHI is listed on the OTC Exchange under the ticker symbol "BURCA". For more information, please visit www.burnhamholdings.com.

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SOURCE Burnham Holdings, Inc.

FAQ

When will Burnham Holdings (BURCA) pay its next dividend in 2025?

Burnham Holdings will pay its next quarterly common stock dividend of $0.23 per share and semi-annual preferred stock dividend of $1.50 per share on June 26, 2025. The record date is June 19, 2025.

What proposals did BURCA shareholders approve at the April 2025 annual meeting?

Shareholders approved two proposals: 1) The election of Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern as directors for three-year terms ending in 2028, and 2) The appointment of Baker Tilly US as independent auditors for fiscal year 2025.

How much is Burnham Holdings quarterly dividend for 2025?

Burnham Holdings declared a quarterly common stock dividend of $0.23 per share for 2025.

Who are the new directors elected to Burnham Holdings (BURCA) board in 2025?

Three directors were elected for three-year terms: Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern. Their terms will end in 2028.

What is the preferred stock dividend amount for Burnham Holdings in 2025?

Burnham Holdings declared a semi-annual preferred stock dividend of $1.50 per share, payable on June 26, 2025.