Pro Dex director Raymond Cabillot sells shares worth $226,407

Published 01/15/2025, 08:02 AM
PDEX
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Raymond (NS:RYMD) E. Cabillot, a director and significant shareholder of Pro Dex Inc. (NASDAQ:PDEX), has sold shares in the company as reported in a recent SEC filing. The transactions, conducted on January 10 and January 13, involved the sale of a total of 4,824 shares. These sales were executed at prices ranging from $46.66 to $47.76 per share, amounting to a total value of $226,407. The timing is notable as InvestingPro data shows the stock has experienced a 9.5% decline over the past week, though it maintains an impressive 143% gain over the last six months.

The sales were made under a Rule 10b5-1 trading plan, which was adopted by Cabillot and Farnam Street Partners, L.P., a firm where Cabillot has indirect ownership. Following these transactions, Cabillot holds 356,022 shares in Pro Dex through Farnam Street Partners. According to InvestingPro, the company maintains strong financial health with a current ratio of 3.4 and operates with moderate debt levels. Pro Dex has demonstrated robust performance with a return on equity of 17% and positive earnings expectations for the year ahead. Subscribers can access 12 additional InvestingPro Tips for deeper insights into the company's prospects.

In other recent news, Pro-Dex (NASDAQ:PDEX), Inc. has been making strides with noteworthy developments. The company's shareholders convened for their 2024 Annual Meeting, during which they elected seven members to the board of directors and ratified Moss Adams, LLP as the independent accounting firm for the upcoming fiscal year. The newly elected board members will serve until the 2025 Annual Meeting or until their successors are elected.

In addition to these key decisions, shareholders approved, on a non-binding advisory basis, the compensation of the company's Named Executive Officers. This approval came following a strong fiscal performance by Pro-Dex, which led to the company's Compensation Committee awarding significant bonuses to top executives. CEO Richard L. Van Kirk received a $70,000 bonus, and CFO Alisha K. Charlton was granted a $50,000 bonus.

These bonuses, disclosed in a recent SEC filing, were awarded due to the company's performance during the first quarter of the fiscal year 2025 and other performance metrics. The decision to award the bonuses was made recently, and the payments are scheduled to be made in the upcoming bi-weekly pay period. These recent developments underscore Pro-Dex's financial health and the effective leadership of its executives.

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

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