Optex Systems Completes Annual Meeting With Director Elections, Auditor Ratification and Advisory Compensation Vote

Optex Systems Holdings, Inc. (NASDAQ: OPXS) held its 2025 annual meeting of shareholders on February 19, 2025, during which key corporate governance proposals were put to a vote. The meeting, consistent with requirements under the Securities Exchange Act of 1934, observed a quorum with 5,729,315 shares of common stock present or represented by proxy out of 6,896,738 shares issued and outstanding as of the record date.

Among the matters considered, shareholders voted on the election of four director nominees. The candidates – Danny R. Schoening, Dayton Judd, Dale E. Lehmann, and R. Rimmy Malhotra – were each voted in for a term that extends to the next annual meeting of shareholders or until a qualified successor is elected. The vote tallies for each nominee reflected broad support among the shareholders.

In addition to the board elections, a proposal to ratify the appointment of Whitley Penn LLP as the independent registered public accounting firm for the fiscal year ending September 28, 2025, was also approved. The vote on the auditor ratification saw 5,637,056 shares cast in favor, against 297 shares, and 91,962 abstentions.

A third proposal, which provided an advisory vote on the compensation of the company’s named executive officers, also secured shareholder approval. The advisory vote tallied 3,420,567 votes in favor, 123,022 against, and 448,798 abstentions, with an additional 1,736,928 broker non-votes recorded.

Overall, the outcomes at the meeting resulted in the election of all four director nominees and the approval of both the auditor appointment and the advisory compensation proposal. The decisions made during the meeting underscore a period of significant corporate governance activity at Optex Systems as it continues to navigate its operational and financial strategies.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Optex Systems’s 8K filing here.

About Optex Systems

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.