Titan International Announces Election Results, Auditor Ratification

WEST CHICAGO, IL – Titan International , Inc. (NYSE:<a>TWI</a>), a leader in the manufacture of wheels, tires, and undercarriage industrial and agricultural equipment, with a market capitalization of $561 million and impressive year-to-date returns of 34%, announced the results of its Annual Meeting of Stockholders, which took place on Tuesday, June 11, 2025. According to <a>InvestingPro</a> data, the company’s stock has shown strong momentum, delivering a 22% return over the past year. The company reported on matters including the election of directors, ratification of its independent auditor, and a non-binding advisory vote on executive compensation.

All eight nominees for the board of directors were elected to serve one-year terms. The elected directors are Richard M. Cashin Jr., Max A. Guinn, Kim A. Marvin, Mark H. Rachesky, MD, Paul G. Reitz, Anthony L. Soave, Maurice M. Taylor Jr., and Laura K. Thompson. The election saw a significant number of shares represented, with 55,870,802 shares, or 87.70% of the total outstanding shares, being present in person or by proxy.

The selection of BDO USA P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with an overwhelming majority of the votes cast in favor.

Additionally, the stockholders approved, on a non-binding advisory basis, the compensation paid to the company’s named executive officers for the year 2024. This proposal received a substantial number of votes in favor, reflecting shareholder support for the company’s executive compensation practices.

The detailed voting results for the election of directors showed a mix of votes cast for, shares withheld, and broker non-votes for each candidate. The ratification of the independent auditor and the advisory vote on executive compensation did not result in any broker non-votes. <a>InvestingPro</a> analysis reveals the company maintains a healthy current ratio of 2.26, indicating strong liquidity with assets well-positioned to cover short-term obligations.

The annual meeting and its outcomes are significant for the company’s governance and strategic direction. Shareholders’ active participation and the approval of all proposals indicate a strong alignment between the company’s management and its investors.

This reporting is based on the information provided in the SEC filing by Titan International, Inc.

In other recent news, Titan International reported its first-quarter 2025 earnings, showcasing a mixed performance. The company exceeded revenue expectations, reporting $491 million compared to the forecast of $460.68 million. However, it missed earnings per share (EPS) estimates, posting $0.01 against the expected $0.04. Gross margins improved from the previous quarter, with the consumer segment showing strong performance at a 19.6% gross margin. Looking ahead, Titan International projects Q2 2025 revenue between $450 million and $500 million, with adjusted EBITDA guidance of $25 million to $35 million. In analyst coverage, Noble Capital initiated coverage on Titan International with an outperform rating and a price target of $11.00, citing optimism about the company’s prospects despite tariff uncertainties. Noble Capital projects Q2 revenue of $480 million and adjusted EBITDA of $31 million, anticipating a loss of $0.02 per share for the quarter. For the full year, the firm forecasts $1,861 million in revenue and a net loss of $0.15 per share.

Titan International Announces Election Results, Auditor Ratification

Titan International, Inc. (NYSE:TWI) announced the results of its Annual Meeting of Stockholders on June 11, 2025, where all eight board nominees were elected. The company ratified BDO USA P.C. as its independent auditor and approved a non-binding advisory vote on executive compensation. The meeting also highlighted strong shareholder participation and financial performance, including a 34% year-to-date stock return and first-quarter 2025 revenue of $491 million.