CION Shareholders Approve Director Slate and Auditor
Despite modest opposition, all board nominees were confirmed and RSM US LLP was retained as auditor.
July 30, 2025
CION Shareholders Reinforce Leadership and Approve Auditor for 2025
CION Investment Corporation held its Annual Meeting of Shareholders on July 28, where investors voted on the company’s board composition and confirmed its audit partner for the year ahead.
Roughly 69% of the company’s outstanding shares were represented— 36.2 million out of the 52.6 million eligible —providing the quorum needed to move forward. Shareholders were asked to weigh in on two proposals:
- Elect three directors to serve through the 2028 annual meeting
- Ratify CION’s independent auditor, RSM US LLP, for the 2025 fiscal year
The vote results were clear. All three director nominees—Edward J. Estrada, Peter I. Finlay, and Earl V. Hedin—were elected to the board. Each received majority support, with Estrada and Hedin both earning over 12.2 million votes. Finlay, the lowest of the three, still drew over 11.3 million. There were no broker non-votes recorded for any of the board elections.
On the second item, shareholders signed off on the reappointment of RSM US LLP as CION’s independent registered public accounting firm. More than 35.1 million votes were cast in favor. Roughly one million votes were either opposed or abstained, but the result still gave the audit firm a strong margin of approval.
This year’s meeting signaled continued alignment between CION’s leadership and its shareholder base. With director appointments secured and audit oversight confirmed, the company enters the second half of 2025 with stability across both governance and financial reporting.
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