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Hamilton Beach Brands Holding Company (HBB) has shared an update.
At the 2024 Annual Meeting, Hamilton Beach Brands Holding Company’s stockholders approved several key initiatives, including the restatement of the Executive Long-Term Equity Incentive Plan, which is set to provide performance-based compensation to key senior management through 2034. The plan, which includes a mix of cash and company shares, is designed to align the interests of the employees with those of the company and its shareholders. Additionally, stockholders voted to expand an exculpation provision for certain officers and ratified the appointment of Ernst & Young LLP as the company’s independent auditor for the year. These decisions pave the way for incentivizing performance, maintaining strong governance, and ensuring financial oversight within the company.
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