Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"

Vertiv Holdings Co (NYSE:VRT) held its 2026 annual meeting of stockholders on Wednesday in a virtual-only format, according to a press release statement and related SEC filing. The data center infrastructure provider, with a market capitalization of $128.41 billion, has delivered a remarkable 180% return over the past year amid surging demand for AI infrastructure. Stockholders representing 86.05% of the company’s outstanding Class A common shares were present or represented by proxy.

Three proposals were submitted to a vote:

1. Election of Directors: Stockholders elected eleven nominees to the board of directors for one-year terms expiring at the 2027 annual meeting. Votes for each nominee ranged from 159,991,445 to 292,351,803 in favor, with between 3,053,567 and 135,413,925 votes withheld, and 35,120,730 broker non-votes for each nominee.

2. Advisory Vote on Executive Compensation: Stockholders approved, on an advisory basis, the compensation of the company’s named executive officers. The vote tally was 260,726,180 for, 34,273,946 against, and 405,244 abstentions, with 35,120,730 broker non-votes.

3. Ratification of Auditor: Stockholders ratified the selection of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The results were 320,644,633 for, 9,573,763 against, and 307,704 abstentions.

All proposals passed as outlined in the company’s proxy materials previously filed with the Securities and Exchange Commission.

The information in this article is based on a press release statement and an SEC filing by Vertiv Holdings Co.

In other recent news, Vertiv Holdings Co. has completed its acquisition of ThermoKey S.p.A., expanding its thermal management portfolio and manufacturing capabilities across Europe, the Middle East, and Africa. This acquisition enhances Vertiv’s offerings in heat-exchange solutions and aligns with its focus on low-GWP and natural refrigerants. Additionally, Vertiv announced a quarterly cash dividend of $0.0625 per share, payable on June 25, 2026, to shareholders of record as of June 15, 2026.

Analysts from Bernstein SocGen Group have initiated coverage on Vertiv with an "outperform" rating, highlighting the company’s unique position in the data center power and cooling equipment sector. RBC Capital also reiterated its "Outperform" rating, emphasizing growth in data center operations. Meanwhile, Morgan Stanley analysts noted that Vertiv Americas’ data center revenue growth has been slower than the increase in gigawatt capacity, attributing this to timing factors rather than a loss in market share. The firm anticipates this gap will narrow in the coming years.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Is your VRT trade worth the risk?

Before you click "buy," know exactly where to set your stop-loss. Our Vision AI literally "sees" your VRT chart and delivers a complete risk management plan—entry, stop-loss, and profit target—in under 60 seconds.
Protect your downside. Validate every trade. Invest smarter.