Wall Street closes at a record for the first time since end of January
FreightCar America, Inc. (NASDAQ:RAIL) held its annual meeting of stockholders on Friday, April 10, 2026, where shareholders voted on three proposals, according to a statement based on an SEC filing.
For the election of Class III directors, stockholders elected Elizabeth K. Arnold, James R. Meyer, and Nicholas J. Randall to serve three-year terms. The vote counts for each nominee were as follows:
- Elizabeth K. Arnold: 9,624,688 votes for, 2,994,299 withheld, 2,839,618 broker non-votes.
- James R. Meyer: 11,762,326 votes for, 856,661 withheld, 2,839,618 broker non-votes.
- Nicholas J. Randall: 11,834,911 votes for, 784,076 withheld, 2,839,618 broker non-votes.
On the second proposal, shareholders approved, on an advisory basis, the compensation of the company’s named executive officers as disclosed in its 2026 proxy statement. The results were 12,319,940 votes for, 232,257 against, 66,790 abstentions, and 2,839,618 broker non-votes.
For the third proposal, shareholders ratified the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for fiscal year 2026. The vote count was 15,174,665 for, 25,276 against, and 258,664 abstentions. There were no broker non-votes on this item.
FreightCar America, headquartered in Chicago, manufactures railroad equipment and trades on the Nasdaq Global Market under the symbol RAIL. All information is based on the company’s statement filed with the Securities and Exchange Commission.
In other recent news, FreightCar America reported its fourth-quarter 2025 earnings, which fell short of analyst expectations. The company announced earnings per share (EPS) of $0.16, slightly below the anticipated $0.17. Revenue was reported at $125.6 million, missing the projected $160.55 million, marking a revenue surprise of -21.77%. These earnings results are significant for investors, as they provide insight into the company’s financial performance. The earnings miss followed by a decline in stock price highlights the impact of these results on investor sentiment. No information about mergers or acquisitions was provided in the recent updates. Analyst firms’ reactions to these earnings results were not included in the report. These developments are crucial for stakeholders monitoring FreightCar America’s performance.
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