Climb Global Solutions (NASDAQ:CLMB) stockholders approved all proposals presented at the company’s 2026 Annual Meeting of Stockholders, including the election of four directors and the ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal 2026.
The virtual meeting was chaired by Dale Foster, Climb’s chief executive officer and a member of the company’s board of directors. Foster said the company was again hosting the meeting virtually, a format he said has allowed for greater stockholder participation.
Quorum Established for Annual Meeting
Sullivan said stockholders of record as of the close of business on April 6, 2026, were sent the notice of annual meeting and proxy statement on or about April 24, 2026. He said Climb had 18,468,068 shares of common stock issued and outstanding and entitled to vote as of the record date.
According to Sullivan, the inspector of elections reported that approximately 15,139,669 shares were represented in person or by proxy at the meeting, constituting at least a majority of the voting power of the company’s common stock. Sullivan said that meant a quorum was present.
Stockholders Approve Board Nominees
The first item of business was the election of four nominees to the board of directors to serve until the next annual meeting and until their successors are elected and qualified. The nominees were John McCarthy, Andy Bryant, Paul Giovacchini and Dale Foster.
Foster said the board, following the recommendation of its Nominating and Corporate Governance Committee, recommended that stockholders vote in favor of each nominee.
After the polls closed, Sullivan reported preliminary results from the inspector of elections showing that each of the four nominees had been duly elected.
Executive Compensation and Incentive Plan Approved
Stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers as described in Climb’s proxy statement for the 2026 annual meeting.
The advisory vote covered the company’s compensation disclosures under Securities and Exchange Commission rules, including the Compensation Discussion and Analysis, the 2025 Summary Compensation Table and other compensation-related tables and disclosures.
In addition, stockholders approved the amended and restated Climb Global Solutions 2021 Omnibus Incentive Plan, as described in the company’s proxy statement. Foster said the board recommended a vote in favor of both proposals.
Deloitte Ratified as Auditor
The fourth and final proposal was the ratification of Deloitte & Touche LLP as Climb’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
Sullivan reported that stockholders approved the ratification. Foster said the final tabulation of votes would be disclosed in a Form 8-K filing with the SEC within four days of the meeting.
Following the completion of the formal business, Foster invited stockholders to submit questions through the web portal. After reviewing the portal, he said no questions had been submitted.
Foster closed the meeting by thanking shareholders, board members and employees. He said the company’s latest count was approximately 415 employees across 12 countries and added that “the team is doing a great job.” He said he looked forward to providing an update when the company reports second-quarter earnings.
About Climb Global Solutions (NASDAQ:CLMB)
Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.
