On September 29, 2026, TechPrecision Corporation (TPCS) held its Annual Meeting of Stockholders, where shareholders approved an amendment and restatement of the company's 2016 Equity Incentive Plan. The approval was a key item on the meeting agenda, with the new plan set to increase the number of authorized shares available for future equity awards.
The Amended and Restated Plan authorizes an increase of 750,000 shares of the Company’s Common Stock for issuance under the plan. Additionally, the expiration date of the plan has been extended to September 29, 2036. The original plan was set to expire on September 29, 2026.
Regarding the election of directors, all five nominees were elected to serve one-year terms expiring at the 2027 Annual Meeting. The nominees and their vote totals were:
- Andrew A. Levy: 2,298,408 votes For
- General Victor E. Renuart Jr. (Ret.): 3,903,999 votes For
- Walter M. Schenker: 2,123,132 votes For
- Alexander Shen: 2,691,374 votes For
- Robert D. Straus: 3,584,548 votes For
Shareholders also ratified the appointment of CBIZ CPAs P.C. as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2027. The ratification received 6,505,347 votes For.
Finally, the advisory compensation of the Company’s Named Executive Officers was approved on a non-binding basis by a vote of 3,502,890 For.
