From Yahoo Finance: 2025-05-31 08:47:00

SunPower (SPWR) successfully held its Annual Meeting on May 29th, with all 12 proposals winning with votes of 95% or higher. This includes re-election of 11 Board members, re-hiring BDO as auditor, and approval of the employee stock plan. SPWR chairman, T.J. Rodgers, expressed gratitude to shareholders for their support.

Rodgers highlighted the approval of the stockholder plan proposal with a 96% vote, which will benefit around 1,000 SunPower employees. He also discussed the impact of the ITC phase-out on SPWR’s revenue, stating there is no foreseeable issue that could make the company unprofitable. Rodgers will present a deeper analysis on the ITC issue on June 5, 2025.

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Read more at Yahoo Finance: SunPower says all shareholder proposals pass at Annual Meeting