secwatch / observer

BROADWIND, INC. — fact timeline

Source-grounded facts extracted from BROADWIND, INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

BWEN BROADWIND, INC. JSON
Shareholder Votes

BROADWIND, INC. shareholders approved ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-05-28 meeting.

“3 . With respect to the ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2026: FOR AGAINST ABSTAIN 15,562,961 87,638 135,220”
Shareholder Votes

BROADWIND, INC. shareholders approved non-binding advisory vote to approve the compensation of the Company’s named executive officers at the 2026-05-28 meeting.

“2. With respect to the non-binding advisory vote to approve the compensation of the Company’s named executive officers (“Say-on-Pay” vote): FOR AGAINST ABSTAIN BROKER NON-VOTES 8,025,229 277,659 37,059 7,445,872”
Shareholder Votes

BROADWIND, INC. shareholders approved election of five directors to hold office for a term of one year or until their successors are duly elected and qualified at the 2026-05-28 meeting.

“1. With respect to the election of directors: NAME OF CANDIDATE FOR AGAINST Eric B. Blashford 7,956,910 329,874 Philip J. Christman 8,115,933 170,350 Jeanette A. Press 8,187,967 99,208 Sachin M. Shivaram 8,153,777 170,095 Cary B. Wood 7,996,495 327,978”
Earnings Releases

BROADWIND, INC. reported first quarter 2026 results: revenue $34.1 million, net income ($0.5) million, or ($0.02) per diluted share, EPS ($0.02) per diluted share.

“Total revenue of $34.1 million GAAP net loss of ($0.5) million, or ($0.02) per diluted share”
M&A Transactions

BROADWIND, INC. completed a disposition involving Freeman Enclosure Systems, LLC for up to $19,500,000.00 in cash (closed 2026-04-30).

“On April 30, 2026, (the “Closing Date”) Broadwind Heavy Fabrications, Inc. (the “Seller”), a wholly owned subsidiary of Broadwind, Inc. (the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Freeman Enclosure Systems, LLC, (the “Buyer”), a wholly-owned subsidiary of IES Holdings, Inc., pursuant to which the Seller sold the real property and certain assets contained therein which comprise the Seller’s production facility located in Abilene, Texas (the “Facility”), including equipment, machinery, other personal property, specified service contracts, and permits (collectively, the “Purchased Assets”), to the Buyer for an aggregate purchase price of up to $19,500,000.00 in cash, subject to certain purchase price adjustments, (the “Transaction”).”
M&A Transactions

BROADWIND, INC. completed a disposition involving IES Infrastructure (a wholly-owned subsidiary of IES Holdings, Inc.) for aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease (closed 2026-04-30).

“On April 30, 2026, the Company’s wholly-owned subsidiary, Broadwind Heavy Fabrications, Inc. (“Heavy Fabrications”) entered into a definitive agreement with IES Infrastructure, a wholly-owned subsidiary of IES Holdings, Inc. (NASDAQ: IESC), under which Heavy Fabrications has sold its production facility in Abilene, Texas (the “Facility”), including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease, subject to certain purchase price adjustments.”
Material Agreements

BROADWIND, INC. entered into a lease with IES Infrastructure (effective 2026-04-30).

“At closing, Heavy Fabrications entered into a short-term lease agreement with IES Infrastructure, pursuant to which Heavy Fabrications will lease the Facility and related assets from IES Infrastructure for nominal rent for a term that is expected to end on September 5, 2026”
Material Agreements

BROADWIND, INC. entered into a asset purchase with IES Infrastructure valued at $19.5 million (effective 2026-04-30).

“entered into a definitive agreement with IES Infrastructure, a wholly-owned subsidiary of IES Holdings, Inc. (NASDAQ: IESC), under which Heavy Fabrications has sold its production facility in Abilene, Texas (the “Facility”), including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease”
Earnings Releases

BROADWIND, INC. reported financial results for the fourth quarter and full-year 2025.

“On March 11, 2026, Broadwind, Inc. (the “Company”) issued a press release announcing its financial results as of and for the year ended December 31, 2025.”
Material Agreements

BROADWIND, INC. amended Amendment No. 4 to Credit Agreement with Wells Fargo Bank, National Association (effective 2026-02-04).

“On February 4, 2026, Broadwind, Inc. and its subsidiaries (the “Company”) entered into Amendment No. 4 to Credit Agreement (the “Fourth Amendment”) to the Credit Agreement dated as of August 4, 2022, by and among the Company and Wells Fargo Bank, National Association”
M&A Transactions

BROADWIND, INC. completed a disposition involving Wisconsin Heavy Fabrication, LLC for approximately $13,500,000 (closed 2025-09-08).

“and permits used in the Seller’s production facility located in Manitowoc, Wisconsin. At the closing of the Transaction, the Seller received consideration of approximately $13,500,000, before the payment of transaction expenses, in the form of cash and the assumption by the Buyer of certain liabilities of the Seller. The Purchase Agreement contemplated that the”
Earnings Releases

BROADWIND, INC. reported the quarter ended March 31, 2024 results: revenue $37.6 million, net income $1.5 million, EPS $0.07 per diluted share. Guidance initiated.

“Broadwind Announces First Quarter 2024 Results CICERO, Ill., May 14, 2024 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the first quarter 2024. FIRST QUARTER 2024 RESULTS Total revenue of $37.6 million Net income of $1.5 million, or $0.07 per diluted share”
Material Agreements

BROADWIND, INC. entered into Tax Credit Transfer Agreement with MarketAxess Holdings Inc. valued at up to $16,000,000 (effective 2023-12-21).

“On December 21, 2023 (the “Effective Date”), Broadwind Heavy Fabrications, Inc. (“BHF”), a wholly owned subsidiary of Broadwind, Inc. (the “Company”), entered into a Tax Credit Transfer Agreement (the “Agreement”) with MarketAxess Holdings Inc. (the “Purchaser”).”
Earnings Releases

BROADWIND, INC. reported the quarter ended September 30, 2023 results: revenue $57.2 million, net income $4.4 million, or $0.20 per diluted share, EPS $0.20 per diluted share. Guidance reaffirmed.

“and solutions serving global markets, today announced results for the third quarter 2023. THIRD QUARTER 2023 RESULTS (As compared to the third quarter 2022) Revenue of $57.2 million, +$12.3 million y/y GAAP Net Income of $4.4 million, or $0.20 per diluted share, +$6.2 million y/y Non-GAAP Adjusted EBITDA of $7.6 million, +$5.7 million y/y Ratio of net debt”
Earnings Releases

BROADWIND, INC. reported second quarter 2023 results: revenue $50.8 million, net income $1.4 million, or $0.07 per diluted share, EPS $0.07 per diluted share. Guidance reaffirmed.

“and solutions serving global markets, today announced results for the second quarter 2023. SECOND QUARTER 2023 RESULTS (As compared to the second quarter 2022) Revenue of $50.8 million, +0.8 million y/y Gross Profit of $8.3 million, +$5.9 million y/y GAAP Net Income of $1.4 million, +4.1 million y/y Non-GAAP Adjusted EBITDA of $5.4 million, +$5.0 million y/y”
Governance Changes

BROADWIND, INC.: On June 26, 2023, the Board approved and adopted an amendment and restatement of the Company’s Bylaws (Fourth Amended and Restated Bylaws) reflecting amendments to the DGCL, updating stockholder nomination procedures under Rule 14a-19, modifying director/officer resignation provisions, and incorpora (effective 2023-06-26).

“On June 26, 2023, the board of directors (the “Board”) of Broadwind, Inc. (the “Company”) approved and adopted an amendment and restatement of the Company’s Bylaws (as amended and restated, the “Fourth Amended and Restated Bylaws”), in connection with the Board’s periodic review of recent developments involving corporate governance practices, the Delaware General Corporation Law (the “DGCL”) and the rules and regulations promulgated by the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).”
Shareholder Votes

BROADWIND, INC. shareholders approved Ratification of the appointment of RSM US LLP as independent registered public accounting firm for 2023 at the 2023-05-23 meeting.

“With respect to the ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for 2023: FOR AGAINST ABSTAIN 11,255,588 243,293 222,023”
Shareholder Votes

BROADWIND, INC. shareholders approved Ratification of the third amendment to the Amended and Restated Broadwind, Inc. 2015 Equity Incentive Plan to increase shares at the 2023-05-23 meeting.

“With respect to the ratification of the third amendment to the Amended and Restated Broadwind, Inc. 2015 Equity Incentive Plan, as previously amended, to increase the number of shares of Common Stock available for awards under such plan: FOR AGAINST ABSTAIN 8,522,318 2,523,651 674,935”
Shareholder Votes

BROADWIND, INC. shareholders approved Non-binding advisory vote on the frequency of the Say-on-Pay vote at the 2023-05-23 meeting.

“With respect to the non-binding advisory vote on the frequency of the Say-on-Pay vote: 1 Year 2 Years 3 Years ABSTAIN 9,934,422 98,223 1,168,129 520,130”
Shareholder Votes

BROADWIND, INC. shareholders approved Non-binding advisory vote to approve the compensation of the Company’s named executive officers at the 2023-05-23 meeting.

“With respect to the non-binding advisory vote to approve the compensation of the Company’s named executive officers (“Say-on-Pay” vote): FOR AGAINST ABSTAIN 8,451,752 2,500,410 768,742”
Shareholder Votes

BROADWIND, INC. shareholders approved Election of seven directors at the 2023-05-23 meeting.

“Matters voted on by the stockholders included: (i) election of seven directors to hold office for a term of one year or until their successors are duly elected and qualified”
Earnings Releases

BROADWIND, INC. reported full-year 2023 results: revenue $205 million to $220 million.

“Broadwind provided updated full-year 2023 financial guidance on April 20, 2023 Total revenue of between $205 million to $220 million Anticipate positive GAAP net income for the full-year 2023 Total non-GAAP adjusted EBITDA of between $16 million to $18 million”
Earnings Releases

BROADWIND, INC. reported the quarter ended March 31, 2023 results: revenue $48.9 million, net income $0.8 million, EPS $0.04 per diluted share.

“Broadwind reported total revenue of $48.9 million, an increase of 17% when compared to the prior-year period. The Company reported GAAP net income of $0.8 million, or $0.04 per diluted share”
Earnings Releases

BROADWIND, INC. reported full-year 2023 results: revenue Revenue $200 $220 $205 $220. Guidance raised.

“The following financial guidance for the full-year 2023 reflects the Company’s current expectations and beliefs. All guidance is current as of the time provided and is subject to change. $ in Millions Previous Full-Year 2023 Guidance New Full-Year 2023 Guidance Low High Low High Revenue $200 $220 $205 $220 Non-GAAP Adjusted EBITDA $14 $16 $16 $18”
Earnings Releases

BROADWIND, INC. reported first quarter ended March 31, 2023 results: revenue between $48 million and $49 million.

“Total revenue in a range of between $48 million and $49 million”

Jeanette Press was appointed as Director at BROADWIND, INC..

“On March 22, 2023, the Board of Directors (the “Board”) of Broadwind, Inc. (the “Company”) appointed Jeanette Press to serve as a member of the Board, effective March 22, 2023.”
Earnings Releases

BROADWIND, INC. reported fiscal year 2023 results: revenue between $200 million to $220 million. Guidance initiated.

“FULL-YEAR 2023 FINANCIAL GUIDANCE Total revenue of between $200 million to $220 million Total non-GAAP adjusted EBITDA of between $14 million to $16 million”
Earnings Releases

BROADWIND, INC. reported full-year 2022 results: revenue $176.8 million.

“FULL-YEAR 2022 RESULTS (As compared to the full-year 2021) Total revenue of $176.8 million, +21.4% y/y”
Earnings Releases

BROADWIND, INC. reported fourth quarter 2022 results: revenue $40.1 million, net income ($2.9) million, EPS ($0.14) per basic share.

“For the three months ended December 31, 2022, Broadwind reported total revenue of $40.1 million, an increase of 54.0% when compared to the prior year period. The Company reported a net loss of ($2.9) million, or ($0.14) per basic share in the fourth quarter 2022, compared to a net loss ($4.1) million, or ($0.21) per basic share, in the fourth quarter 2021.”
Material Agreements

BROADWIND, INC. amended Amendment No. 1 to Credit Agreement and Limited Waiver with Wells Fargo Bank, National Association (effective 2023-02-08).

“On February 8, 2023, Broadwind, Inc. and its subsidiaries (the “Company”) entered into Amendment No. 1 to Credit Agreement and Limited Waiver (the “First Amendment”) to the Credit Agreement dated as of August 4, 2022, by and among the Company and Wells Fargo Bank, National Association (the “Credit Agreement”).”
Earnings Releases

BROADWIND, INC. reported third quarter 2022 results: revenue $44.8 million, net income ($1.8) million, EPS ($0.09) per basic share. Guidance initiated.

“For the three months ended September 30, 2022, Broadwind reported total revenue of $44.8 million, an increase of 11% when compared to the prior year period. The Company reported a net loss of ($1.8) million, or ($0.09) per basic share in the third quarter 2022, compared to a net loss ($2.1) million, or ($0.11) per diluted share, in the third quarter 2021.”

Sachin Shivaram was appointed as Director at BROADWIND, INC..

“On November 2, 2022, the Board of Directors (the “Board”) of Broadwind, Inc. (the “Company”) appointed Sachin Shivaram to serve as a member of the Board until the next annual meeting of stockholders of the Company or until his successor is duly elected and qualified, effective November 2, 2022.”

Eric B. Blashford resigned as interim Chief Financial Officer at BROADWIND, INC..

“As a result, Eric B. Blashford, the Company’s President and Chief Executive Officer, will no longer serve as the Company’s Principal Financial Officer and interim Chief Financial Officer.”

Thomas A. Ciccone was appointed as Chief Financial Officer at BROADWIND, INC..

“On August 10, 2022, the Company’s Board of Directors (the “Board”) appointed Thomas A. Ciccone, Vice President, Chief Financial Officer and Principal Financial Officer of Broadwind, Inc. (the “Company”) effective August 10, 2022.”

Thomas A. Ciccone was appointed as Vice President and Principal Accounting Officer at BROADWIND, INC..

“On September 3, 2021, the Board appointed Thomas A. Ciccone, Corporate Controller of the Company, as Vice President of the Company effective September 6, 2021 and Principal Accounting Officer of the Company effective October 1, 2021.”

Eric B. Blashford was appointed as interim Chief Financial Officer at BROADWIND, INC..

“On September 3, 2021, the Company’s Board of Directors (the “Board”) appointed Eric B. Blashford, President and Chief Executive Officer of the Company, as Principal Financial Officer of the Company and interim Chief Financial Officer of the Company, to serve in such capacity while the Board conducts a search for a permanent replacement for Mr. Bonfigt.”

Jason L. Bonfigt resigned as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer at BROADWIND, INC..

“On September 2, 2021, Jason L. Bonfigt delivered his resignation as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of Broadwind, Inc. (the “Company”), effective October 1, 2021.”

Terence P. Fox resigned as Director at BROADWIND, INC..

“On August 3, 2021, Terence P. Fox delivered notice of his resignation from the Board of Directors (the “Board”) of the Company, effective immediately.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.