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Burnham Holdings, Inc. Updates on Annual Shareholder Meeting

On April 28, 2025, Burnham Holdings, Inc. (OTC-Pink: BURCA), also known as BHI, held its Annual Shareholder Meeting in Lancaster, Pennsylvania. The results of the shareholder vote during this critical meeting were announced, revealing key decisions related to corporate governance and financial distributions.

Election of Directors

During the meeting, shareholders voted favorably to elect three new directors. These include Christopher E. Pruitt, J. David W. Reeves, and Donald A. Stern, each selected to serve three-year terms that will conclude in 2028. This decision underscores the commitment of Burnham Holdings to enhance its leadership team by engaging experienced professionals with diverse skills and backgrounds.

Appointment of Auditors

Furthermore, shareholders agreed on the appointment of Baker Tilly US, LLP, or an alternative auditing firm as the Company’s independent auditors for the fiscal year 2025. This decision is pivotal as it points to BHI’s ongoing dedication to maintaining a high standard of transparency and accountability within its financial operations.

Dividend Declaration

In addition to the aforementioned decisions, the Board of Directors met immediately following the shareholder vote and declared dividends for both common and preferred stock. A quarterly dividend of $0.23 per share was announced for common shareholders, while a semi-annual dividend of $1.50 per share was declared for preferred shareholders. These dividends will be payable on June 26, 2025, with a record date set for June 19, 2025. This dividend declaration is indicative of BHI’s stable financial performance and its commitment to returning value to its shareholders.

About Burnham Holdings, Inc.

Burnham Holdings, Inc. is known for its extensive portfolio of subsidiaries that are recognized as leading manufacturers in the field of heating, ventilation, and air conditioning (HVAC) products. Its offerings include boilers, furnaces, and other related accessories, catering to residential, commercial, and industrial applications. As a publicly traded company listed under the ticker symbol "BURCA" on the OTC Exchange, BHI continues to play a crucial role in the HVAC industry. For further information, interested parties can visit the company’s official website at www.burnhamholdings.com.

This year's Annual Shareholder Meeting marked significant milestones for Burnham Holdings as it strengthens its operational framework and ensures shareholder interests are prioritized, reflecting the company's ongoing growth and stability in the competitive HVAC market.

In conclusion, the outcomes of the Annual Meeting and the declared dividends demonstrate Burnham Holdings' commitment to solidifying its governance structure while consistently providing financial returns to its shareholders. The company's proactive approach to involving shareholders in key decisions reinforces its position in the market as a trustworthy and forward-thinking entity.