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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
TechPrecision
TechPrecision (TPCS) investor relations material
TechPrecision Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy filing summary3 Sep, 2026
Executive summary
Annual Meeting scheduled for September 29, 2026, to be held virtually, with voting available online, by mail, or mobile device.
Key proposals include election of five directors, ratification of external auditor, advisory vote on executive compensation, and approval of amended equity incentive plan.
Proxy materials and annual report are available online and mailed to all stockholders.
Voting matters and shareholder proposals
Stockholders will vote on electing five directors, ratifying CBIZ CPAs P.C. as auditor, approving executive compensation (say-on-pay), and approving the amended 2016 Equity Incentive Plan.
Board recommends voting FOR all proposals.
Shareholders of record as of August 27, 2026, are eligible to vote.
Proposals require a majority of votes cast for approval; broker non-votes and abstentions have no effect.
Shareholder proposals for the 2027 meeting must be submitted between July 1 and July 31, 2027.
Board of directors and corporate governance
Board consists of five directors, all incumbents, with a majority deemed independent under Nasdaq standards.
Board leadership is separated between Chair (Victor E. Renuart Jr.) and CEO (Alexander Shen).
Three standing committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent members.
Non-employee directors receive annual cash and equity compensation, with a cap on director compensation under the amended plan.
Code of Business Ethics and Conduct and anti-hedging policies are in place.
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Latest events from TechPrecision
- Revenue up 23%, gross profit up 36%, but debt covenant breaches raise going concern doubts.TPCS
Q1 2027 - FY 2027 guidance targets $35–$37M revenue and $3–$4M EBITDA, nearly doubling EBITDA year-over-year.TPCSQ4 2026
- Q3 revenue dropped 7% and net loss widened, but backlog and defense sector demand remain strong.TPCSQ3 2026
- Proxy contest seeks board change due to failed M&A, poor governance, and financial decline.TPCSProxy Filing
- Shareholders to vote on director elections, auditor ratification, and executive pay, all board-recommended.TPCSProxy Filing
- Gross margin rose to 14% as losses narrowed, but going concern risk remains.TPCSQ1 2026
- Net loss widened to $1.5M as higher costs and breakup fee deepened losses; backlog at $41.2M.TPCSQ1 2025
- Q3 revenue steady, Ranor profits, Stadco losses, $45.5M backlog, liquidity risks persist.TPCSQ3 2025
- Q2 revenue up 12%, but losses and liquidity risks persist despite strong backlog.TPCSQ2 2025
Next TechPrecision earnings date
Q2 202713 Nov, 2026
TechPrecision
Next TechPrecision earnings date
Q2 202713 Nov, 2026
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Frequently asked questions
TechPrecision Corp is a company that specializes in the manufacture and sale of precision, fabricated, and machined metal structural components and systems within the United States. The company's operations are divided into two main segments, Ranor and Stadco, focusing on delivering custom components across various sectors. TechPrecision's products are utilized in defense, aerospace, nuclear, medical, and precision industrial markets, showcasing its capability to provide solutions for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and medical systems. TechPrecision Corp is headquartered in Westminster, Massachusetts, and its shares are listed on the OTCMKTS under the ticker symbol TPCS.