Energy Services of America Corporation Announces Annual Meeting of Stockholders Voting Outcomes

Energy Services of America Corporation (OTCMKTS:ESOA) announced the outcomes of several agenda items voted upon during its Annual Meeting of Stockholders on February 19, 2025.

The meeting saw shareholders exercising their voting rights on director election, ratification of the company’s independent registered public accounting firm, an advisory non-binding resolution about executive compensation, and an advisory non-binding vote on the frequency of advisory votes.

The election results show that all nominated directors were elected with significant “For” votes against the “Withheld” votes. The list of re-elected directors includes Marshall T. Reynolds, Jack M. Reynolds, Joseph L. Williams, Douglas V. Reynolds, Amy E. Abraham, Patrick J. Farrell, Mark S. Prince, and Frank S. Lucente.

Urish Popeck & Co., LLC was ratified as the company’s independent registered public auditing firm for the year ending September 30, 2025, with a considerable number of votes in favor.

The advisory non-binding resolution with respect to executive compensation received strong supportive votes from the majority of shareholders.

On the matter of the frequency of advisory votes on executive compensation, voting results leaned heavily towards annual voting. As a result, the company’s Board of Directors determined on February 19, 2025, that the advisory non-binding vote on executive officer compensation would be held every year. This decision will remain effective until the board decides to hold the next stockholder advisory non-binding vote on the frequency of advisory votes, which shall not be later than the Company’s Annual Meeting of Stockholders in 2031.

In a parallel development, Stepan Company (NYSE: SCL) informed that its board member, Edward J. Wehmer, has expressed his intention to retire from the board effective from the company’s next annual meeting of stockholders. Scheduled for April 29, 2025, Mr. Wehmer will continue in his current role until that date. Upon Mr. Wehmer’s retirement, the size of the Company’s Board will be reduced from eight to seven directors, and Randall S. Dearth will succeed Mr. Wehmer as Lead Independent Director.

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

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.