Key insights
- Stryker's shareholders re-elected all board members and approved executive pay. First-quarter earnings missed expectations due to a cyber incident, with EPS at $2.60 versus $2.98 expected and revenue at $6 billion versus $6.34 billion expected. A slightly increased dividend was announced. The earnings miss and cyber incident are a short-term negative for the stock.
Shareholders of Stryker Corp. (NYSE:SYK) re-elected all ten members of the company’s board of directors at its annual meeting held Wednesday. The results were disclosed in a statement filed with the Securities and Exchange Commission.
According to the filing, directors Mary K. Brainerd, Giovanni Caforio, M.D., Kevin A. Lobo, Emmanuel P. Maceda, Sherilyn S. McCoy, Rachel Ruggeri, Andrew K. Silvernail, Lisa M. Skeete Tatum, Ronda E. Stryker, and Rajeev Suri were each elected to serve until the next annual meeting of shareholders. Vote totals for each nominee ranged from approximately 236.8 million to 286.2 million shares in favor, with between 3.8 million and 52.4 million shares voted against, depending on the nominee.
Shareholders also ratified the appointment of Ernst & Young LLP as Stryker’s independent registered public accounting firm for 2026. The proposal received about 284.7 million votes in favor, 35.3 million against, and 409,134 abstentions.
Additionally, an advisory resolution regarding the compensation of Stryker’s named executive officers was approved. Approximately 269.4 million shares were voted in favor, 18.6 million against, and 2.2 million abstained. There were about 30.2 million broker non-votes reported for each item.
The information in this article is based on a statement filed with the Securities and Exchange Commission.
In other recent news, Stryker Corporation reported its first-quarter earnings for 2026, which were affected by a cyber incident that disrupted its operations. The company missed both earnings and revenue forecasts, reporting earnings per share (EPS) of $2.60, falling short of the anticipated $2.98. Revenue was also lower than expected, coming in at $6 billion compared to the projected $6.34 billion. Additionally, Stryker announced a quarterly dividend of $0.88 per share, representing a 4.8% increase compared to the prior year, although it remains unchanged from the previous quarter. This dividend is payable on July 31, 2026, to shareholders of record as of June 30, 2026. These developments highlight the challenges faced by Stryker in the first quarter and the company’s commitment to returning value to shareholders through dividends.
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