Mayville Engineering Shareholders OK Board Picks, Deloitte Auditor, and Exec Pay in Virtual AGM

• Shareholders are elected Robert L. McCormick, Christine M. Schyvinck and Tania L. Wingfield on the board, each to serve until the 2029 annual meeting.

• Deloitte & Touche LLP certified as a private registered Mayville Engineering public accounting company of 2026 by majority vote.

• Advisory vote approving executive compensation because the top officers of the company are supported by the majority of votes.

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Mayville Engineering (NYSE:MEC) held its 2026 annual meeting of shareholders on or about April 21, when President and CEO Jag Reddy called the meeting to order at 2:00 pm Central Time and outlined a three-point agenda focused on board elections, auditor confirmation, and an advisory vote on executive compensation.

Reddy said the company is hosting the meeting online and aims to provide the same engagement opportunities as the annual meeting held in person. After giving voting instructions through the meeting’s web portal, Reddy closed the polls at 2:03 pm Central Time and noted that the meeting was being recorded.

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Sean P. Leuba, Senior Vice President, General Counsel, and Secretary, served as inspector of elections. Leuba reported that the notice of the meeting, the proxy statement, and the annual report were properly sent to the shareholders entitled to vote. He also said that the list of shareholders is available for inspection through the virtual meeting website using the control number.

Regarding participation, Leuba said approximately 89 percent of the total number of shares of common stock entitled to vote were present in person or by proxy as of the Feb. 20, 2026, constitute a quorum under the company’s bylaws.

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Reddy introduced the company’s directors, including Timothy L. Christen (non-executive chairman), Jennifer J. Kent, Robert L. McCormick, Jay O. Rothman, and Tania L. Wingfield. He also introduced director-elect Christine M. Schyvinck, who has been identified as chairman, president, and CEO of Shure Incorporated.

Reddy noted that Steve L. Fisher, retired vice president of Caterpillar Inc. who served on the board since 2013, resigned from the board at the meeting. Reddy thanked Fisher for his contributions and wished him well.

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Reddy also introduced other senior executives, including Chief Financial Officer Rachele M. Lehr; Executive Vice President, Strategy, Sales, and Marketing Ryan F. Raber; Senior Vice President, Operations and Procurement Craig D. Nichols; and Leuba in his role as Senior Vice President, General Counsel, and Secretary.

The meeting’s business agenda included three proposals:

• Election of three directors

• Certification of Deloitte & Touche LLP as an independent registered public accounting firm for 2026.

• Advisory vote to approve the compensation of the company’s executive officers

Leuba reported that director nominees McCormick, Schyvinck, and Wingfield each received a majority of the votes cast and were elected to serve until the 2029 annual meeting and until their successors are duly elected and qualified.

Leuba also said that the shareholders approved, by a majority of the shares represented and voted, the approval of Deloitte & Touche LLP as an independent auditor in 2026. In addition, a majority of the votes represented and cast are in favor of the advisory resolution approving the compensation of the company’s named executive officers.

After announcing the results, Reddy ordered that the voting results be entered in the minutes of the meeting and adjourned the formal part of the business of the meeting.

After the business agenda, Reddy opened the forum for shareholder questions posted via the Internet portal, noting that representatives of Deloitte & Touche were also present to answer pertinent questions. He asked the shareholders to limit the presentations to one question and said that only questions that usually appear in the meeting or the company’s business will be considered.

No questions are posted during the session. Reddy thanked the attendees for joining the virtual meeting and for their continued support before the webcast ended.

Mayville Engineering Company, Inc (NYSE:MEC) is a US-based industrial manufacturer specializing in engineered metal castings and precision machining services. Headquartered in Mayville, Wisconsin, the company uses more than a century of experience to design, manufacture and finish complex steel components for a wide range of demanding applications.

The company operates in two main business divisions: steel casting and steel casting. Its steel division uses green sand and lost foam molding processes to produce gray and ductile steel parts, while its steel division uses electric furnace technology to make hardened steels.

The article “Mayville Engineering Shareholders OK Board Picks, Deloitte Auditor, and Exec Pay in Virtual AGM” was first published by MarketBeat.