Gorman-Rupp Company (GRC) just unveiled an update.
At The Gorman-Rupp Company’s virtual Annual Meeting on April 25, 2024, shareholders gave the green light to the 2024 Omnibus Incentive Plan, allowing the issuance of various types of share-based awards, including restricted stock and performance shares, totalling up to 1,239,271 common shares. In addition, shareholders elected eight directors, endorsed the executive compensation plan, and ratified the appointment of Ernst & Young LLP as the company’s independent accountants for the year. These decisions reflect shareholder confidence in the company’s governance and strategic incentive initiatives.
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