Tennant NYSE: TNC held its virtual annual shareholders meeting, with President and CEO David Huml welcoming participants and highlighting the company’s view that a virtual format “expands shareholder access” by enabling shareholders across the country to attend and allowing non-shareholders to listen via webcast.
Board, management, and meeting participants introduced
Huml introduced the company’s directors on the call, including Patrick E. Allen, Azita Arvani, Carol Eicher, Jim Glerum, Maria Green, Andrew Hider, Tim Morse, Don Mulligan, Mark W. Sheahan, and David Windley.
He also identified members of Tennant’s senior management team who were present: Barb Balinski (Senior Vice President and Chief Transformation Officer), Kristin Erickson (Senior Vice President, General Counsel and Corporate Secretary and Chief Human Resources Officer), Pat Schottler (Senior Vice President, Robotics), Fay West (Senior Vice President and Chief Financial Officer), and Rusty Zay (Senior Vice President and Chief Commercial Officer).
In addition, Huml noted that Scott Loveless attended on behalf of Deloitte & Touche LLP, Tennant’s independent auditing firm, and that Cheryl Niebling was appointed as inspector of election to conduct the vote.
Meeting procedures and quorum
Erickson, serving as secretary of the company, explained how the virtual meeting operated, including shareholder validation and real-time voting and question submission for shareholders who entered with a 12-digit control number. She said the audio feed was being webcast and that questions would be answered after the business portion of the meeting was adjourned.
Erickson reported that notice of the meeting was properly mailed to shareholders. She also stated that as of the record date, March 5, 2026, there were 18,007,425 shares of common stock outstanding and entitled to vote. Under the bylaws, she said, a quorum required the presence in person or by proxy of shareholders entitled to cast a majority of all votes, and the inspector of election informed her that a quorum was present.
Shareholders approve director elections, auditor ratification, and pay advisory vote
Erickson said shareholders voted on three proposals as presented in the proxy statement:
- Election of three Class One directors to three-year terms
- Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2026
- Advisory approval of executive compensation
After the vote was tallied, Erickson said the inspector of election informed her that there were sufficient votes to:
- Elect Carol Eicher, Maria Green, and Don Mulligan as directors for three-year terms ending in 2029
- Ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2026
- Support the advisory approval of compensation for the company’s named executives
Erickson added that the inspector of election certificates would be kept with the meeting records and that certain meeting materials, including minutes from the April 29, 2025 annual meeting and an affidavit of mailing indicating proxy materials were mailed on or about March 18, 2026, were available for shareholder inspection at the company’s offices. She also noted that the notice of meeting and proxy statement and proxy were posted on the virtual meeting site.
Q&A and investor relations contact
During the question-and-answer portion of the meeting, the operator said questions would be prioritized if they related to the proposals considered at the meeting and noted that general questions could be addressed after the meeting if contact information was provided.
No questions were received. The operator directed investors seeking additional information to Tennant’s investor relations contact, Lorenzo Bassi, Vice President of Finance, and noted that details about first-quarter performance would be available on the company’s investor relations website on May 1, including the first-quarter earnings release and the earnings call transcript. The meeting was then adjourned.
About Tennant NYSE: TNC
Tennant Company is a global provider of solutions that help keep facilities clean, safe and sustainable. The company designs, manufactures and markets a broad range of cleaning machines, chemicals and service programs that address the cleaning needs of customers in diverse industries, including manufacturing, warehousing, food and beverage, healthcare and education. Tennant's product portfolio encompasses both ride-on and walk-behind floor scrubbers and sweepers, carpet extractors, power brushes, pressure washers and autonomous cleaning machines.
Founded in 1870 and headquartered in Minneapolis, Minnesota, Tennant has grown from a regional manufacturer into a multinational organization with operations in more than 70 countries and sales representation in over 100 markets worldwide.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tennant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tennant wasn't on the list.
While Tennant currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
