Construction Partners, Inc. (NASDAQ: ROAD) Announces Key Outcomes from Annual Meeting and Dual Listing

Construction Partners, Inc. (the “Company”), a leading player in heavy construction, held its annual meeting of stockholders on March 24, 2026. The event resulted in several important decisions and announcements that investors should closely monitor for their potential impact on share price and company direction.

Key Highlights from the Annual Meeting

• Strong Shareholder Engagement: Holders of Class A and Class B common stock representing a total of 129,770,507 votes (97.2% of total voting power) were present or represented by proxy, indicating robust shareholder participation.
• Election of Class II Directors:
  • Craig Jennings was re-elected with 100,349,017 votes in favor, 25,454,075 withheld, and 3,967,415 broker non-votes.
  • Mark R. Matteson was re-elected with 96,338,102 votes in favor, 29,464,990 withheld, and 3,967,415 broker non-votes.
  • Both directors will serve until the 2029 annual meeting.
• Ratification of Public Accountants:
  • Appointment of RSM US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, was ratified with overwhelming support: 125,545,632 votes for, 245,162 against, and 12,296 abstentions.

Major Announcement: Dual Listing on Nasdaq Texas

• Dual Listing: On March 27, 2026, the Company announced the dual listing of its Class A common stock on Nasdaq Texas, LLC (“Nasdaq Texas”). It will maintain its primary listing on the Nasdaq Global Select Market and commence trading on Nasdaq Texas on March 30, 2026 under the ticker symbol “ROAD”.
• Implications:
  • Dual listing may increase liquidity and broaden the investor base, potentially impacting share price positively.
  • The move signals confidence in the Company’s growth and may attract institutional and regional investors previously underserved by a single listing.

Regulatory and Company Details

• Company Headquarters: 290 Healthwest Drive, Suite 2, Dothan, Alabama 36303. Phone: (334) 673-9763.
• SEC File Number: 001-38479, EIN: 26-0758017
• Exchange: The Nasdaq Stock Market LLC, and now Nasdaq Texas, LLC.
• Security: Class A common stock, \$0.001 par value, trading symbol “ROAD”.

Shareholder Considerations

• No Emerging Growth Company Status: The Company is not classified as an emerging growth company, which means it is subject to standard financial reporting and compliance timelines.
• Price Sensitivity:
  • Dual listing is newsworthy and may be price sensitive, as it could lead to increased trading volume and investor interest.
  • Director elections and auditor ratification signal stability and governance continuity, which may reassure investors.
  • No change in company name or address since last report, indicating operational stability.

Conclusion

The dual listing on Nasdaq Texas and the strong shareholder support for directors and auditors reflect Construction Partners, Inc.’s commitment to transparency, governance, and growth. Investors should monitor trading activity closely around March 30, 2026, as the dual listing may impact share liquidity and valuation. The Company’s actions demonstrate ongoing confidence in its business model and future prospects.

Disclaimer: This article is intended as informational and should not be considered investment advice or a solicitation to buy or sell securities. Please consult your financial advisor before making investment decisions. The information is based on official filings and may be subject to change.

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