NN Inc. (NASDAQ:NNBR) held its 2026 annual meeting where shareholders voted on key proposals.
Eight directors were elected for one-year terms: Raynard D. Benvenuti, Harold C. Bevis, Christina E. Carroll, João Faria, Dr. Rajeev Gautam, Jeri J. Harman, Thomas H. Wilson, Jr., and Raymond T. White. Each received majority support with 20.2 to 26.5 million votes.
Leadership changes come amid financial challenges. According to Bond.az, the company carries significant debt. The stock surged 89% in six months to $2.36, market cap $123.75 million.
Shareholders approved the amended 2022 Omnibus Incentive Plan, increasing share reserve by 2 million. Vote: 19,933,766 for, 1,034,018 against, 6,316,267 abstentions.
An advisory vote on executive compensation passed: 19,954,589 for, 831,475 against.
Grant Thornton LLP was ratified as auditor for fiscal 2026: 34,443,464 for, 85,258 against.
