ELECTRO SENSORS INC entered into Agreement and Plan of Merger with steute Industrial Controls, Inc. valued at $7.75 per share cash consideration, termination fee of $1,000,000 plus expense reimbursement up to $ (effective 2026-04-20).
“On April 20, 2026, Electro-Sensors, Inc. (“ Electro-Sensors ”, the “ Company ”, “ we ”, “ us ” or “ our ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with steute Industrial Controls, Inc., a Connecticut corporation (“ steute ” or “ Parent ”), and Steute Burwell, Inc., a Minnesota corporation and wholly owned subsidiary of Parent (“ Merger Sub ”).”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved To ratify the appointment of Boulay PLLP as independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-04-24 meeting.
“3. To ratify the appointment of Boulay PLLP as independent registered public accounting firm for the fiscal year ending December 31, 2024. For Against Abstentions Broker Non-Votes 2,333,333 3,408 91,901 0”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved To set the number of directors at five at the 2024-04-24 meeting.
“2. To set the number of directors at five. For Against Abstentions Broker Non-Votes 2,332,118 5,334 91,190 0”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved To elect five directors to serve until the next annual meeting of shareholders at the 2024-04-24 meeting.
“1. To elect five directors to serve until the next annual meeting of shareholders: Director Nominee Votes For Votes Withheld Abstentions Broker Non-Votes Scott A. Gabbard 1,935,788 114,755 0 378,099 David L. Klenk 1,938,588 111,955 0 378,099 Joseph A. Marino 1,922,724 127,819 0 378,099 Jeffrey D. Peterson 2,018,358 32,185 0 378,099 Michael C. Zipoy 1,758,027 292,516 0 378,099”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved Ratify the appointment of Boulay PLLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-04-27 meeting.
“3. To ratify the appointment of Boulay PLLP as independent registered public accounting firm for the fiscal year ending December 31, 2023. For Against Abstentions Broker Non-Votes 1,950,007 11,991 147,067 0”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved Set the number of directors at five at the 2023-04-27 meeting.
“2. To set the number of directors at five. For Against Abstentions Broker Non-Votes 1,177,619 310 90,337 840,799”
Shareholder Votes
ELECTRO SENSORS INC shareholders approved Election of five directors at the 2023-04-27 meeting.
“1. To elect five directors to serve until the next annual meeting of shareholders: Director Nominee Votes For Votes Withheld Abstentions Broker Non-Votes Scott A. Gabbard 1,174,672 93,594 0 840,799 David L. Klenk 1,167,850 100,416 0 840,799 Joseph A. Marino 1,164,375 103,891 0 840,799 Jeffrey D. Peterson 1,174,455 93,811 0 840,799 Michael C. Zipoy 997,038 271,228 0 840,799”
Material Agreements
ELECTRO SENSORS INC terminated Agreement and Plan of Merger with Mobile X Global, Inc. valued at Mutual Termination Agreement to terminate the Merger Agreement (effective 2023-01-30).
“On January 30, 2023, Electro-Sensors and Mobile X entered into an agreement to terminate the Merger Agreement (the "Mutual Termination Agreement") effective as of that date.”
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.