Xcel Brands Announces Results of Annual Meeting of Stockholders

Xcel Brands, Inc. (NASDAQ: XELB) recently disclosed the outcomes of its Annual Meeting of Stockholders held on December 10, 2024. During the meeting, various significant decisions were made by the company’s stockholders.

The stockholders present voted to elect six individuals to serve as directors of the company until the next Annual Meeting in 2025, along with the approval of the compensation of the named executive officers on a non-binding advisory basis. Additionally, they voted in favor of a three-year frequency for future advisory votes on executive compensation and ratified the appointment of Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.

Details of the voting results are as follows:

1. Election of Directors:
– Robert W. D’Loren received 10,162,383 votes for, with 94,160 votes withheld.
– Mark DiSanto received 10,144,392 votes for, with 112,151 votes withheld.
– James Fielding received 10,162,553 votes for, with 93,990 votes withheld.
– Howard Liebaum received 10,144,358 votes for, with 112,185 votes withheld.
– Deborah Weinswig received 10,162,519 votes for, with 94,024 votes withheld.

2. Compensation of Named Executive Officers:
– 10,137,051 shares were cast FOR the proposal, 109,373 AGAINST, with 10,119 ABSTENTIONS, and 2,236,782 BROKER NON-VOTES.

3. Frequency of Future Advisory Votes on Compensation:
– 3,197,338 votes were for ONE-YEAR, 39,523 for TWO-YEARS, and 7,019,682 for THREE-YEARS, with 0 ABSTENTIONS and 2,236,782 BROKER NON-VOTES.

4. Ratification of Marcum LLP:
– 11,996,871 shares were cast FOR the proposal, 387,895 AGAINST, with 108,559 ABSTENTIONS, and 0 BROKER NON-VOTES.

Following the meeting, Xcel Brands, Inc. filed the necessary Form 8-K with the Securities and Exchange Commission (SEC) to report these results. James F. Haran, the Chief Financial Officer of the company, signed the report on December 11, 2024.

The decisions made at the Annual Meeting reflect the alignment of the company’s stockholders on key matters pertaining to its governance and financial oversight.

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

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.