Caesarstone Ltd. (Nasdaq: CSTE), a producer of high-quality engineered quartz surfaces, introduced that its Board of Administrators has set a date for the corporate’s annual shareholder assembly. The assembly is scheduled for September 19, 2024, and the report date for shareholders eligible to vote is August 7, 2024.
Notices of upcoming conferences and proxy statements element the agenda gadgets on which shareholders will vote, together with procedural issues and different related info. Shareholders who’re unable to attend the assembly in particular person could select to vote via a proxy card supplied by the corporate.
Data associated to the Annual Assembly of Stockholders, together with proxy playing cards, notices and proxy statements, are integral to the Firm’s continued compliance with SEC rules and are integrated by reference into Caesarstone’s present Registration Assertion on Kind S-8.
Headquartered in MP Menashe, Israel, Caesarstone specializes within the manufacturing of high-quality quartz surfaces to be used in residential and business initiatives similar to counter tops, vanities, wall cladding, flooring and different inside surfaces. The corporate’s merchandise can be found in quite a lot of designs, textures and colours.
The assembly comes as shareholders will maintain a detailed eye on the corporate’s efficiency and technique. As a part of the company governance course of, the AGM offers a discussion board for shareholders to precise their views on company affairs and take part in key selections.
In different latest information, regardless of a difficult financial atmosphere, Trex Firm (NYSE:) Inc. reported second-quarter internet gross sales elevated 6% to $376 million, internet revenue elevated 13%, and income elevated 11%. Curiosity, tax, depreciation and amortization advance revenue. This success was attributed to sturdy demand for its high-end merchandise, which offset weaker gross sales of its entry-level merchandise. Nevertheless, Trex revised its full-year gross sales steerage to $1.13 billion to $1.15 billion in anticipation of market softening.
In response to those latest developments, Benchmark and BMO Capital Markets adjusted their value targets on Trex to $80 and $82, respectively, whereas sustaining their rankings on the inventory. Analysts famous that the revision was influenced by adjustments in shopper habits, together with decrease demand for entry-level and mid-level product strains and an ongoing pattern of channel destocking.
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