SYPRIS SOLUTIONS INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2026-06-16 meeting.
“The stockholders of the Company approved an advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 30, 2026 (the “Proxy Statement”). The following is a breakdown of the voting results: FOR AGAINST ABSTAIN BROKER NON-VOTES 12,687,835 154,456 13,664 0”
Shareholder Votes
SYPRIS SOLUTIONS INC shareholders approved Election of Class III directors at the 2026-06-16 meeting.
“The stockholders of the Company elected each of the Class III director nominees proposed by the Company’s Board of Directors to serve until the 2029 Annual Meeting of Stockholders and until their successors are duly elected and qualified. The following is a breakdown of the voting results: DIRECTOR FOR WITHHELD BROKER NON-VOTES William G. Ferko 12,560,502 295,453 0 Jeffrey T. Gill 12,805,569 50,386 0”
Earnings Releases
SYPRIS SOLUTIONS INC reported for the first quarter ended April 5, 2026 results: revenue $25.8 million, net income net loss of $4.1 million, EPS $0.18 per share.
“The Company reported revenue of $25.8 million for the first quarter of 2026 compared to $29.5 million for the prior-year comparable period. Additionally, the Company reported a net loss of $4.1 million, or $0.18 per share, compared with $0.9 million, or $0.04 per share, for the prior-year period.”
Earnings Releases
SYPRIS SOLUTIONS INC reported the fourth quarter and year ended December 31, 2025 results: revenue $30.3 million, net income net loss of $3.9 million, EPS $0.17 per share.
“The Company reported revenue of $30.3 million for the fourth quarter of 2025 compared to $33.4 million for the prior-year comparable period. Additionally, the Company reported a net loss of $3.9 million, or $0.17 per share, compared with net income of $0.1 million, or $0.01 per diluted share, for the prior-year period.”
Material Agreements
SYPRIS SOLUTIONS INC amended January 2026 Promissory Note with Gill Family Capital Management, Inc. (effective 2026-01-12).
“On January 12, 2026, Sypris Solutions, Inc. (the “Company”) and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated March 21, 2025 (the “March 2025 Promissory Note”) in favor of Gill Family Capital Management, Inc., an entity controlled by the Company’s president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the “January 2026 Promissory Note”).”
Debt Financings
SYPRIS SOLUTIONS INC amended loan of $12,000,000 with Gill Family Capital Management, Inc..
“(the “March 2025 Promissory Note”). Pursuant to the March 2025 Promissory Note, GFCM will make a $3,000,000 loan to the Company to bring the total amount of the principal up to $12,000,000. Under the March 2025 Promissory Note, $2,000,000 of the Company’s principal commitment is due on April 1, 2026, $2,000,000 is due on April 1, 2027, $5,000,000 is due on April 1,”
Anthony C. Allen changed role as Vice President and Assistant Treasurer at SYPRIS SOLUTIONS INC.
“Mr. Davis will succeed Anthony C. Allen, the Company’s current Vice President and Treasurer, who will serve as Vice President and Assistant Treasurer of the Company, effective as of November 1, 2024.”
Richard L. Davis was appointed as Senior Vice President, Treasurer and Assistant Secretary at SYPRIS SOLUTIONS INC.
“On August 15, 2024, the Company appointed Richard L. Davis, the Company’s current Vice President, Chief Financial Officer and Assistant Secretary, to the position of Senior Vice President, Treasurer and Assistant Secretary, effective as of November 1, 2024.”
Rebecca R. Eckert was appointed as Vice President, Chief Accounting Officer and Controller at SYPRIS SOLUTIONS INC.
“On August 15, 2024, Sypris Solutions, Inc. (the “Company”) appointed Rebecca R. Eckert, the Company’s current Controller, to the position of Vice President, Chief Accounting Officer and Controller, effective as of November 1, 2024.”
Earnings Releases
SYPRIS SOLUTIONS INC reported the first quarter ended March 31, 2024 results: revenue $35.6 million, net income a net loss of $2.2 million, or $0.10 per share. Guidance reaffirmed.
“The Company reported revenue of $35.6 million for the first quarter of 2024, compared to $32.3 million for the prior-year comparable period. Additionally, the Company reported a net loss of $2.2 million, or $0.10 per share, as compared to a net loss of $0.2 million, or $0.01 per share, for the prior-year period.”
Earnings Releases
SYPRIS SOLUTIONS INC updated its 2024 guidance (raised).
“We now expect revenue to increase 10-15% year-over-year as a result of the combined strength of our backlog for Sypris Electronics and increasing orders for our energy products. We also continue to expect to achieve gross margin expansion in the range of 150 to 175 basis points with gross profit forecast to increase 20-25% in 2024.”
Earnings Releases
SYPRIS SOLUTIONS INC reported full-year ended December 31, 2023 results: revenue $136.2 million, net income $1.6 million loss, EPS $0.07 loss per share.
“For the full-year 2023, the Company reported revenue of $136.2 million compared with $110.1 million for the prior year. The Company reported a net loss of $1.6 million, or $0.07 per share, for 2023 compared with a net loss of $2.5 million, or $0.11 per diluted share, for the prior year.”
Earnings Releases
SYPRIS SOLUTIONS INC reported fourth quarter ended December 31, 2023 results: revenue $34.7 million, net income $1.1 million loss, EPS $0.05 loss per diluted share.
“The Company reported revenue of $34.7 million for the fourth quarter ended December 31, 2023, compared to $29.7 million for the prior-year comparable period. The Company incurred a net loss of $1.1 million, or $0.05 per diluted share, compared to net income of $0.1 million, or $0.01 per diluted share, for the prior-year period.”
R. Scott Gill was appointed as Director at SYPRIS SOLUTIONS INC.
“The Board accepted Mr. Gill’s resignation and immediately appointed him as a Class I director to hold such office until the expiration of the term of Class I directors at the 2024 Annual Meeting of Stockholders.”
Debt Financings
SYPRIS SOLUTIONS INC incurred loan of $2,500,000 with Gill Family Capital Management, Inc..
“GFCM made a $2,500,000 loan to the Company to bring the total amount of the principal up to $9,000,000”
Material Agreements
SYPRIS SOLUTIONS INC amended Amended and Restated Promissory Note with Gill Family Capital Management, Inc. valued at $2,500,000 (effective 2024-02-07).
“On February 7, 2024, Sypris Solutions, Inc. (the “Company”) and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated November 10, 2023 (the “2023 Promissory Note”) in favor of Gill Family Capital Management, Inc. (“GFCM”), an entity controlled by the Company’s president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the “2024 Promissory Note”). Pursuant to the 2024 Promissory Note, GFCM made a $2,500,000 loan to the Company to bring the total amount of the principal up to $9,000,000, effective February 7, 2024.”
John F. Brinkley retired as Director at SYPRIS SOLUTIONS INC.
“On January 19, 2024, director John F. Brinkley provided notice of his retirement from the Board of Directors of Sypris Solutions, Inc. (the “Company”), effective as of January 31, 2024.”
“The Company updated its full-year outlook for 2023, with revenue now expected to increase 25% year-over-year, at the lower end of our prior guidance due to customer design changes.”
Earnings Releases
SYPRIS SOLUTIONS INC reported third quarter ended October 1, 2023 results: revenue $33.6 million, net income net loss of $0.6 million, EPS $0.03 per share.
“The Company reported revenue of $33.6 million for the third quarter of 2023, compared to $25.2 million for the prior-year comparable period. Additionally, the Company reported a net loss of $0.6 million, or $0.03 per share, compared to a net loss of $2.2 million, or $0.10 per share for the prior-year period.”
Debt Financings
SYPRIS SOLUTIONS INC incurred loan of $2,500,000 loan with Gill Family Capital Management, Inc. at greater of 8% or 500 basis points above the five-year Treasury note average duri maturing April 1, 2025, $2,000,000 to April 1, 2026 and the balance to April 1, 2027.
“On November 10, 2023, Sypris Solutions, Inc. (the "Company") and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated December 29, 2021 (the "2021 Promissory Note") in favor of Gill Family Capital Management, Inc. ("GFCM"), an entity controlled by the Company's president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the "2023 Promissory Note"). Pursuant to the 2023 Promissory Note, GFCM made a $2,500,000 loan (the "Additional Loan") to the Company to bring the total amount of the principal up to $6,500,000.00 on or prior to December 1, 2023”
Material Agreements
SYPRIS SOLUTIONS INC amended 2023 Promissory Note with Gill Family Capital Management, Inc. ("GFCM") valued at $2,500,000 (effective 2023-11-10).
“On November 10, 2023, Sypris Solutions, Inc. (the “Company”) and certain of its subsidiaries amended and restated its Amended and Restated Promissory Note dated December 29, 2021 (the “2021 Promissory Note”) in favor of Gill Family Capital Management, Inc. (“GFCM”), an entity controlled by the Company’s president and chief executive officer, Jeffrey T. Gill and one of its directors, R. Scott Gill (the “2023 Promissory Note”).”
Earnings Releases
SYPRIS SOLUTIONS INC reported second quarter ended July 2, 2023 results: revenue $35.6 million, net income $0.2 million, EPS $0.01 per diluted share. Guidance reaffirmed.
“The Company reported revenue of $35.6 million for the second quarter of 2023, compared to $29.0 million for the prior-year comparable period. Additionally, the Company reported net income of $0.2 million, or $0.01 per diluted share, compared to a net loss of $0.6 million, or $0.03 per share for the prior-year period.”
Earnings Releases
SYPRIS SOLUTIONS INC reported first quarter ended April 2, 2023 results: revenue $32.3 million, net income net loss of $0.2 million, or $0.01 per share, EPS $0.01 per diluted share. Guidance reaffirmed.
“The Company reported revenue of $32.3 million for the first quarter of 2023, compared to $26.2 million for the prior-year comparable period. Additionally, the Company reported a net loss of $0.2 million, or $0.01 per share, as compared to net income of $0.2 million, or $0.01 per diluted share, for the prior-year period.”
Shareholder Votes
SYPRIS SOLUTIONS INC shareholders approved Advisory Vote on Named Executive Officer Compensation at the 2023-05-11 meeting.
“Advisory Vote on Named Executive Officer Compensation. The stockholders of the Company approved an advisory resolution approving the compensation of the Company’s named executive officers as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 31, 2023.”
Shareholder Votes
SYPRIS SOLUTIONS INC shareholders approved Election of Class III Directors at the 2023-05-11 meeting.
“Election of Directors. The stockholders of the Company elected each of the Class III director nominees proposed by the Company’s Board of Directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified.”
Earnings Releases
SYPRIS SOLUTIONS INC reported the fourth quarter and full-year ended December 31, 2022 results: revenue $29.7 million, net income $0.1 million, EPS $0.01 per diluted share. Guidance raised.
“The Company reported revenue of $29.7 million for the fourth quarter ended December 31, 2022, compared to $25.8 million for the prior-year period. Net income was $0.1 million, or $0.01 per diluted share, compared to $0.4 million, or $0.02 per diluted share, for the prior-year period.”
Earnings Releases
SYPRIS SOLUTIONS INC reported nine months ended October 2, 2022 results: revenue $80.4 million, net income net loss of $2.6 million, EPS $0.12 per share.
“For the nine months ended October 2, 2022, the Company reported revenue of $80.4 million compared with $71.6 million for the first nine months of 2021. The Company reported a net loss of $2.6 million, or $0.12 per share”
Earnings Releases
SYPRIS SOLUTIONS INC reported third quarter ended October 2, 2022 results: revenue $25.2 million, net income net loss of $2.2 million, EPS $0.10 per share. Guidance lowered.
“The Company reported revenue of $25.2 million for the third quarter of 2022, compared to $25.7 million for the prior-year comparable period. Additionally, the Company reported a net loss of $2.2 million, or $0.10 per share”
Anthony C. Allen changed role as Vice President and Treasurer at SYPRIS SOLUTIONS INC.
“Mr. Davis will succeed Anthony C. Allen, the Company’s current Vice President, Chief Financial Officer and Treasurer, who will serve as the Vice President and Treasurer of the Company effective as of October 12, 2022.”
Richard L. Davis was appointed as Vice President and Chief Financial Officer at SYPRIS SOLUTIONS INC.
“On March 14, 2022, Sypris Solutions, Inc. (the “Company”) announced the appointment of Richard L. Davis, the Company’s Vice President, to the position of Vice President and Chief Financial Officer effective as of October 12, 2022.”
Sidney R. Petersen retired as Director at SYPRIS SOLUTIONS INC.
“On September 10, 2021, director Sidney R. Petersen provided notice of his retirement from the Board of Directors of Sypris Solutions, Inc. (the “Company”), effective as of October 19, 2021 following the Board of Directors meeting.”
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