Financial Data and Key Metrics Changes - The meeting reported that proxies were received for 961,887 of the 2,277,139 shares of common stock outstanding, representing approximately 42% of the total shares, which unfortunately does not constitute a quorum for business transactions [3]. Company Strategy and Development Direction - The company has adjourned the annual stockholders' meeting due to the lack of quorum, indicating a need for better engagement with shareholders to ensure future meetings can proceed as planned [4]. Other Important Information - The company will determine a new date and time to hold the 2025 annual stockholders' meeting, reflecting ongoing organizational and operational adjustments [4]. Q&A Session Summary - No questions or answers were recorded during this meeting as it was adjourned due to the lack of quorum, preventing any business transactions from taking place [3].

Financial Data and Key Metrics Changes - The meeting reported that proxies were received for 961,887 of the 2,277,139 shares of common stock outstanding, representing approximately 42% of the total shares, which unfortunately does not constitute a quorum for business transactions [3]. Company Strategy and Development Direction - The meeting was adjourned due to the lack of a quorum, and the company's board of directors will determine a new date and time for the 2025 annual stockholders' meeting, indicating ongoing strategic planning and governance [4]. Other Important Information - The company introduced its auditors and legal representatives at the meeting, highlighting the importance of transparency and compliance in corporate governance [1][2]. Summary of Q&A Session - No questions or answers were recorded during this meeting as it was adjourned due to the lack of quorum, preventing any business transactions from taking place [3][4].

Financial Data and Key Metrics Changes - Consolidated sales increased by 3.5% to a record, driven by acquisitions and engineered solutions for high-performance buildings, but adjusted EBIT declined due to higher SG&A expenses and temporary inefficiencies from plant consolidations [12][13] - Adjusted EPS declined, influenced by lower adjusted EBIT and higher interest expenses from increased debt levels for M&A activities [12][13] Business Line Data and Key Metrics Changes - Construction Products Group sales grew to a record, led by solutions for high-performance buildings, but faced challenges from longer project lead times and weak sales in disaster restoration due to lower storm activity [14] - Performance Coatings Group achieved record sales with broad-based growth, although adjusted EBIT was flat due to growth investments and unfavorable mix [14][15] - Consumer Group sales growth was driven by M&A and pricing to recover inflation, but volumes declined due to soft DIY demand, particularly in November [15] Market Data and Key Metrics Changes - Europe was the fastest-growing region, driven by M&A and foreign exchange, while North America grew approximately 2% due to increased high-performance building solutions offset by soft DIY demand [13] - Emerging markets, particularly Africa and the Middle East, showed growth by serving high-performance building and infrastructure projects [13] Company Strategy and Development Direction - The company is focusing on optimizing SG&A levels in response to soft market conditions while continuing to invest in high-growth opportunities, including high-performance buildings and business intelligence [9][11] - The MAP 3.0 program is being developed to enhance operational efficiency and align spending with market demand [11][31] Management's Comments on Operating Environment and Future Outlook - Management noted that market conditions are expected to remain sluggish, with soft DIY demand and longer lead times for construction projects, but they anticipate outgrowing underlying markets due to targeted growth investments [19][20] - The company expects consolidated sales to increase by mid-single digits in the third quarter, with adjusted EBIT anticipated to grow mid to high single digits [20][21] Other Important Information - The company announced an agreement to acquire Kalzip, a German-based leader in metal-based roofing and facades, expected to close in the fiscal fourth quarter of 2026 [18] - Cash flow from operations increased by $66.3 million compared to the prior year, allowing the company to pay down $127 million in debt and return $169 million to shareholders [17] Q&A Session Summary Question: Performance of the three operating segments - Management indicated that deterioration was observed across all three segments in the latter part of the quarter, with unique monthly performance variations [29] Question: SG&A initiative details - The $100 million SG&A initiative includes approximately $70 million in personnel-related cuts and $30 million in discretionary expense reductions [31] Question: Incremental margins in Q3 and Q4 - Management expects better incremental margins due to easier comps and structural SG&A actions, alongside anticipated improvements in unit volume growth [38] Question: Impact of government shutdown on costs - Transitory costs were attributed to higher conversion costs and inefficiencies from plant consolidations, with a significant impact on margins [47] Question: Pricing realization in Consumer Group - Price contribution was less than 1% in Q2, with challenges in achieving full realization due to weak demand [66] Question: Outlook for organic sales growth - Management expects better organic growth in the second half of the fiscal year, driven by focus growth investments and easier comparisons [99]

Summary of Hillenbrand's Extraordinary General Meeting Company Overview - **Company**: Hillenbrand Incorporated (NYSE: HI) - **Event**: 2026 Extraordinary General Meeting - **Date**: January 8, 2026 Key Points Acquisition Proposal - The primary agenda item was the proposed acquisition of Hillenbrand by an affiliate of Lone Star Funds, referred to as the merger agreement proposal [9][10] - The Board of Directors recommended that shareholders vote in favor of the merger agreement proposal [9] Compensation Proposal - A second agenda item was the advisory proposal regarding compensation for Hillenbrand's named executive officers related to the merger agreement [10] - The Board of Directors also recommended that shareholders vote in favor of this compensation proposal [10] Adjournment Proposal - The third item was a proposal to approve any necessary adjournment of the meeting to solicit additional proxies if needed [10] - The Board of Directors recommended that shareholders vote in favor of the adjournment proposal [10] Voting and Attendance - As of the record date (November 28, 2025), there were 70,508,655 shares of Hillenbrand Common Stock outstanding [6] - A quorum was established with 58,927,708 shares (83.57%) present, allowing the meeting to proceed [6] - Shareholders were able to vote during the meeting via the special meeting website [7][12] Voting Results - Preliminary results indicated that all three proposals (Merger Agreement, Compensation, and Adjournment) were approved [13] - Final voting results will be reported in a current report on Form 8-K to be filed with the SEC [13] Forward-Looking Statements - Any statements made during the meeting regarding expectations and plans are forward-looking and subject to risks and uncertainties [3] - Important factors that could cause actual results to differ are detailed in Hillenbrand's annual report on Form 10-K for the fiscal year ended September 30, 2025 [3] Shareholder Engagement - Shareholders were encouraged to submit questions relevant to the business of the meeting, with a limit of one question per shareholder [2][11] - No questions were raised during the meeting [11] Additional Notes - The meeting was conducted in accordance with the agenda and rules of conduct, with all necessary introductions made [4][5] - The meeting concluded with appreciation expressed to shareholders for their participation [14]

RPM International (NYSE:RPM) Q2 2026 Earnings Call January 08, 2026 10:00 AM ET Company ParticipantsMatthew Schlarb - VP of Investor Relations and SustainabilityFrank Sullivan - Chair and CEOJoshua Spector - Executive Director of Chemicals Equity ResearchDavid Begleiter - Managing DirectorMichael Laroche - Vice President, Controller and Chief Accounting OfficerRussell Gordon - VP and CFOVincent Andrews - Managing DirectorJohn Roberts - Managing DirectorMichael Sison - Managing DirectorConference Call Partic ...

Richardson Electronics (NasdaqGS:RELL) Q2 2026 Earnings Call January 08, 2026 10:00 AM ET Company ParticipantsEd Richardson - CEOP. Ross Taylor - Partner and Portfolio ManagerJens Ruppert - General Manager of CanvysChip Rewey - CIOGregory Peloquin - General Manager, Power and Microwave Technologies and Green Energy Solutions GroupsWendy S. Diddell - COORobert J. Ben - CFOConference Call ParticipantsNone - AnalystBobby Brook - VP and Senior Equity Research AnalystAnja Soderstrom - Senior Financial AnalystOpe ...

Summary of Jamf Holding Corp. Special Meeting of Stockholders Company Overview - **Company**: Jamf Holding Corp. (NasdaqGS: JAMF) - **Meeting Date**: January 8, 2026 - **Meeting Type**: Virtual Special Meeting of Stockholders Key Proposals Discussed 1. **Merger Proposal**: - Proposal to adopt and approve the agreement and plan of merger dated October 28, 2025, involving Jamf, Jawbreaker Parent, Inc., and Jawbreaker Merger Sub, Inc. [8] - Approval requires a majority vote from the holders of outstanding shares of Jamf Common Stock entitled to vote [10]. 2. **Compensation Proposal**: - Proposal to approve, on a non-binding advisory basis, the compensation related to the merger for Jamf's named executive officers [8]. - Approval also requires a majority vote from the shares present or represented by proxy [11]. 3. **Adjournment Proposal**: - Proposal to approve one or more adjournments of the meeting if necessary to solicit additional proxies [9]. - This proposal was deemed unnecessary as the first two proposals were approved [13]. Voting Results - A quorum was established with more than half of the 134,076,214 shares of Jamf Common Stock present in person or by proxy [6]. - Each of the proposals received the requisite number of votes for approval [12]. - The results will be reported on Form 8-K to be filed with the SEC [13]. Additional Information - The meeting was conducted to facilitate stockholder attendance and participation through a live audio webcast [2]. - Stockholders were provided with a certified list of those entitled to vote, which was available for inspection during the meeting [5]. - The meeting concluded with expressions of appreciation to stockholders and the management team for their support and efforts [14][15].

Financial Data and Key Metrics Changes - Total sales for Q2 FY26 were $52.3 million, an increase of 5.7% from $49.5 million in Q2 FY25. Excluding healthcare, net sales increased by 9.0% [6][9] - Operating income improved to $132,000 in Q2 FY26 from a loss of $667,000 in Q2 FY25 [3][7] - Net loss was $0.1 million for Q2 FY26, compared to a net loss of $0.8 million in Q2 FY25, with diluted net loss per share improving to $0.01 from $0.05 [8][9] - EBITDA for Q2 FY26 was $0.7 million, up from break-even in the prior year [8] Business Line Data and Key Metrics Changes - Green Energy Solutions (GES) sales increased by 39.0% year-over-year, driven by power management products [6][12] - Canvys revenue grew by 28.1% to $8.8 million, primarily due to improved demand from medical OEMs [20][21] - Power and Microwave Technologies (PMT) sales were down 4.0% year-over-year, with PMT sales approximately flat when excluding healthcare [6][12] Market Data and Key Metrics Changes - GES sales growth was attributed to increased sales in onshore wind and electric vehicle segments, reflecting higher sales from existing customers and new products [4][12] - Canvys secured orders from both repeat and new medical OEM customers, indicating strong demand in the medical market [21][22] - Approximately 70% of GES sales are currently in North America, with plans for international expansion [17] Company Strategy and Development Direction - The company is focused on repositioning towards higher growth end markets and expanding its engineered solutions [3][18] - Strategic initiatives include the development of a battery energy storage design center and expansion into international markets [26][27] - The company aims to leverage its existing capabilities and infrastructure to support sustainable growth, with a disciplined approach to acquisitions [28][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential in the green energy sector and the semiconductor wafer fab equipment market [27][28] - The company is navigating uncertainties related to tariffs and market conditions but remains focused on pursuing growth opportunities [18][19] - Management highlighted the importance of cash flow and efficiency, with plans to invest in growth initiatives primarily in alternative energy solutions [45][46] Other Important Information - The company has a strong cash position of $33.1 million, with no outstanding debt on its revolving line of credit [10][11] - Capital expenditures in Q2 FY26 were $1.6 million, primarily related to manufacturing improvements and IT systems [10] - The board declared a regular quarterly cash dividend of $0.06 per common share, to be paid in Q3 FY26 [10] Q&A Session Questions and Answers Question: Discussion on core backlog versus non-core backlog - Management clarified that core backlog includes products like Pitch Energy Modules, while non-core backlog consists of smaller components sold to customers building green energy products [33] Question: Cadence of orders turning to backlog and revenues within GES - Management explained that as products transition from alpha to production, new customers and sales contribute to growth, with a focus on maintaining inventory for timely shipments [35][36] Question: Update on GE approval for ALTA 1000 - Management confirmed that GE approval has been obtained, and the product is featured on GE's marketplace, with expectations for testing and installation by GE's customers [40][41] Question: Impact of medical business on margins and future opportunities - Management indicated that the medical business has had a negligible impact on gross margins, with expectations for profitability to improve as production transitions to repairs [43] Question: Plans for cash utilization and potential acquisitions - Management stated that cash will primarily be used for growth initiatives in alternative energy solutions, with an openness to small acquisitions that align with strategic goals [45][46] Question: Outlook for semiconductor market recovery - Management expressed cautious optimism for growth in the semiconductor market, with positive forecasts from multiple customers indicating readiness for increased demand [52]

Financial Performance & Outlook - Q1 Net Earnings reached $1773 million[15], while Adjusted Earnings were $2062 million[15] - Q1 Core EBITDA stood at $3169 million[15], with a Core EBITDA Margin of 149%[15] - The company aims to exit FY 2026 with an annualized run-rate EBITDA benefit of $150 million from TAG initiatives[14, 21] - Precast business is expected to contribute approximately $165 million to $175 million to Construction Solutions Group Adjusted EBITDA in fiscal 2026[34] Strategic Initiatives - The company launched new Transform, Advance, Grow ("TAG") initiatives with commercial opportunities in focus[14, 19] - The company rebranded Emerging Businesses Group to Construction Solutions Group to better reflect business composition and strategic role of segment[14, 28] - The company completed acquisitions of Concrete Pipe & Precast ("CP&P") and Foley Products Company ("Foley")[2, 34] Market Dynamics - Construction Solutions Group net sales were up 170% year-over-year, while adjusted EBITDA increased by 747%[52, 65] - Europe Steel Group shipments increased by 157% on a year-over-year basis[52, 72] - The company anticipates reducing net debt to adjusted EBITDA to below 2x within 18 months[14, 46]

Financial Data and Key Metrics Changes - The meeting reported that proxies were received for 961,887 of the 2,277,139 shares of common stock outstanding, representing approximately 42% of the total shares, which unfortunately does not constitute a quorum for business transactions [3]. Company Strategy and Development Direction - The company has adjourned the annual stockholders' meeting due to the lack of quorum, indicating a need for further engagement with shareholders to ensure participation in future meetings [4]. Other Important Information - The company will determine a new date and time to hold the 2025 annual stockholders' meeting, reflecting ongoing efforts to maintain communication with stakeholders [4]. Summary of Q&A Session - No questions or answers were recorded during this meeting as it was adjourned due to the lack of quorum [3][4].