Research Frontiers Incorporated (NASDAQ:REFR), a company specialized in the development and licensing of patented smart glass technology with a market capitalization of $64 million, disclosed the outcomes of its Annual Meeting of Stockholders in a recent 8-K filing with the Securities and Exchange Commission (SEC). According to InvestingPro data, the company has shown strong momentum with a 62% revenue growth in the last twelve months, despite operating with negative profit margins. The meeting, held at the company’s headquarters on June 12, 2025, involved voting on several key proposals.
The first proposal was the election of Alexander Kaganowicz as a Class II member of the company’s Board of Directors. Kaganowicz received 7,650,814 votes in favor, with 1,331,313 shares withheld and 11,332,807 Broker Non-Votes.
Shareholders also ratified the appointment of CohnReznick LLP as the company’s independent registered accountants for the fiscal year ending December 31, 2025. The decision was supported by 19,376,315 votes in favor, with 157,221 against and 781,398 abstentions. InvestingPro analysis reveals the company maintains a strong liquidity position with a current ratio of 11.96, indicating robust short-term financial health despite challenging profitability metrics.
An amendment to the Company’s 2019 Equity Incentive Plan was approved to increase the number of shares by 1,675,000. The amendment received 8,307,313 votes in favor, 502,218 against, 172,596 abstentions, and 11,332,807 Broker Non-Votes.
In a non-binding advisory vote on executive compensation, 7,678,696 shares were cast in favor, 614,856 against, and 688,575 abstained, with 11,332,807 Broker Non-Votes. Additionally, in a non-binding vote on the frequency of future advisory votes on executive compensation, 2,922,617 shares favored a three-year frequency, 411,611 for two years, 5,216,545 for one year, with 431,354 abstentions and 11,332,807 Broker Non-Votes.
The filing also included a reference to an exhibit: Cover Page Interactive Data File, which is embedded within the Inline XBRL document.
This summary of the stockholder meeting outcomes provides shareholders and the public with the latest corporate governance actions of Research Frontiers Incorporated. The information for this article is based on statements from the company’s SEC filing.
In other recent news, Research Frontiers Inc. reported a significant increase in revenue for the first quarter of 2025, driven primarily by a surge in automotive royalties. The company announced that its royalty revenues rose by 79% to $560,000, with automotive royalties specifically seeing a 128% increase compared to the same period last year. Research Frontiers also noted a substantial reduction in net loss, down 60% year-over-year, reflecting improved financial performance. The company maintains a strong cash position with $1.4 million in cash and cash equivalents and $2.3 million in working capital. 
Research Frontiers remains optimistic about future revenue growth across all market segments and aims to achieve profitability by the end of 2025. The company is focusing on expanding its presence in the architectural market with new retrofit applications. Meanwhile, the company continues to advance its black particle technology, which has drawn interest for its potential applications. Additionally, the company highlighted its strategic partnership with Gauzy, emphasizing the collaboration’s role in expanding market reach and capacity. These developments underscore Research Frontiers’ commitment to innovation and market expansion.

Research Frontiers reports annual meeting results By Investing.com

Research Frontiers Incorporated (NASDAQ:REFR), a smart glass technology company with a $64 million market cap, disclosed results from its 2025 Annual Meeting of Stockholders, including board elections, auditor appointments, and equity plan amendments. The company reported 62% revenue growth despite negative margins and highlighted a 79% increase in automotive royalties. It remains optimistic about profitability by 2025 and is expanding into architectural markets.