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AMETEK Inc. (NYSE: AME) said stockholders approved all three proposals presented at the company’s 2026 Annual Meeting of Stockholders, including the election of three Class 2 directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the company’s independent registered public accounting firm for fiscal 2026.
The annual meeting was held virtually. Lynn Carino, AMETEK’s assistant secretary, reported that a majority of the company’s outstanding shares were represented by proxy or through the web portal, establishing a quorum.
Preliminary voting results presented by Carino showed stockholders approved the election of Thomas A. Amato, Anthony J. Conti and Gretchen W. McClain as Class 2 directors for three-year terms.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers. In addition, they ratified the appointment of Ernst & Young LLP as AMETEK’s independent registered public accounting firm for the 2026 fiscal year.
The formal portion of the annual meeting was adjourned after the vote, with no additional business brought before stockholders.
After the meeting, AMETEK provided an update on operations and financial results. The company said its performance continues to be driven by its “AMETEK Growth Model,” which includes operational excellence, technology innovation, global and market expansion, and strategic acquisitions.
AMETEK reported strong 2025 results, describing annual records across “essentially all financial metrics,” including sales, operating income, operating margin, EBITDA and earnings per share.
AMETEK also reviewed its first-quarter 2026 performance, saying it posted records for orders, EBITDA, net income and GAAP earnings per share. The company said the quarter included double-digit sales growth, core margin expansion and a high quality of earnings.
AMETEK discussed its recently announced definitive agreement to acquire the instrumentation group of businesses from Indicor, LLC. The company described the transaction as a strategic acquisition that would add a portfolio of 10 industrial technology businesses in one transaction.
AMETEK said the acquisition would provide additional scale and diversification, niche differentiated technologies, and a sizable recurring revenue stream. The company said it expects to add value by integrating the businesses into AMETEK’s operating model.
AMETEK said it expects the acquisition to be cash accretive to earnings per share in the first year of ownership and to generate strong returns on capital. The transaction remains subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2026.
After the operational and financial update, AMETEK opened the floor for stockholder questions submitted through the web portal. The meeting concluded after it was reported that no questions had been submitted.
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