On Thursday, Heartland Express , Inc. (NASDAQ:HTLD), a leader in trucking services with a market capitalization of $657 million, held its Annual Meeting of Stockholders, where several critical decisions were approved, including the election of board directors, ratification of the company’s independent accounting firm, and executive compensation. According to InvestingPro data, the company’s shares have declined 30% over the past six months, making it currently undervalued based on Fair Value analysis.
Seven directors were elected to serve on the Board of Directors until the next annual meeting in 2026. The elected directors include Michael J. Gerdin, Dr. Benjamin J. Allen, James G. Pratt, Brenda S. Neville, David P. Millis, Dr. Brenda M. Lantz, and Amanda M. Hupfeld. The votes for each nominee showed strong support, with the majority receiving over 60 million votes in favor. These directors will oversee the company during a challenging period, as InvestingPro analysis shows analysts anticipating a sales decline this year, though the company has maintained its dividend payments for 23 consecutive years.
Shareholders also ratified the appointment of Grant Thornton LLP as Heartland Express’s independent registered public accounting firm for the fiscal year 2025. The decision was nearly unanimous, with 72,213,078 votes for, 451,628 against, and 37,946 abstentions.
Additionally, the compensation of named executive officers was approved in a non-binding advisory vote. The proposal received 67,340,368 votes in favor, 1,797,600 against, and 26,999 abstentions, along with 3,537,685 broker non-votes.
The results of these votes reflect shareholders’ confidence in the company’s governance and financial oversight. The approval of the executive compensation, in particular, suggests shareholder alignment with the company’s strategy and leadership performance.
The 8-K filing with the SEC, dated May 8, 2025, provides detailed voting results and further information on the annual meeting outcomes. This filing reinforces Heartland Express’s commitment to transparency and shareholder engagement in its corporate governance practices. For deeper insights into HTLD’s financial health and future prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks with expert analysis and actionable intelligence.
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