ENGlobal Announces Annual Meeting Results

Rhea-AI Summary

ENGlobal (OTCMKTS:ENGC) held its 2024 annual shareholders' meeting on December 30, 2024, in Houston. The meeting saw approximately 57% participation of total common stock outstanding, either in person or by proxy. Shareholders demonstrated strong support with 95% of votes favoring the election of five directors to one-year terms and 99% approval for the appointment of M&K CPAS, PLLC as auditors for fiscal year 2024.

ENGlobal operates through two segments: Commercial, providing engineering and automation solutions, and Government Services, specializing in turnkey automation systems for the U.S. Defense industry.

Positive

• High shareholder participation rate of 57%
• Strong shareholder support with 95%+ approval rates for key proposals
• Diversified business model with both commercial and government segments

Negative

• None.

HOUSTON, TX / ACCESSWIRE / December 30, 2024 / ENGlobal Corporation's (OTCMKTS:ENGC) 2024 annual shareholders' meeting was held on December 30, 2024 in Houston.

Approximately 57% of ENGlobal's total common stock outstanding was represented at the meeting, either in person or by proxy. Of those shares, at least 95% were cast in favor of the election of William A. Coskey, P.E., Lloyd G. Kirchner, Christopher D. Sorrells, Kevin M. Palma, and Margaret K. Lassarat to a one-year term on our Board of Directors and approximately 99% were cast in favor of the ratification of the appointment of M&K CPAS, PLLC for the fiscal year 2024.

About ENG

ENGlobal Corporation (OTCMKTS:ENGC) is a provider of innovative, delivered project solutions primarily to the energy industry. ENGlobal operates through two reportable segments: Commercial and Government Services. The Commercial segment provides engineering, design, fabrication, construction management and integration of automated control systems. The Government Services segment provides engineering, design, installation, operations, and maintenance of various government, public sector, and international facilities, specializing in turnkey automation and instrumentation systems for the U.S. Defense industry. Further information about the Company and its businesses is available at www.englobal.com.

For further information, please email IR@englobal.com.

Safe Harbor for Forward-Looking Statements

The statements above regarding the Company's expectations, including those relating to its future results, its future operations and certain other matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and are subject to risks and uncertainties. For a discussion of risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ENGlobal's filings with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K and 10-Q, and other SEC filings.

SOURCE: ENGlobal Corporation

View the original press release on accesswire.com

FAQ

What were the voting results at ENGlobal's (ENGC) 2024 annual meeting?

At ENGlobal's 2024 annual meeting, 95% of represented shares voted in favor of electing five directors, and 99% approved M&K CPAS, PLLC as auditors, with 57% of total shares represented.

Who were the directors elected to ENGlobal's (ENGC) board in 2024?

William A. Coskey, P.E., Lloyd G. Kirchner, Christopher D. Sorrells, Kevin M. Palma, and Margaret K. Lassarat were elected to one-year terms on ENGlobal's Board of Directors.

What are ENGlobal's (ENGC) main business segments?

ENGlobal operates through two segments: Commercial (engineering and automation solutions) and Government Services (turnkey automation systems for U.S. Defense industry).

What was the shareholder participation rate at ENGlobal's (ENGC) 2024 annual meeting?

Approximately 57% of ENGlobal's total common stock outstanding was represented at the 2024 annual meeting, either in person or by proxy.