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Noble Roman’s Board Changes Amid Shareholder Meeting Issues

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Noble Roman’s Board Changes Amid Shareholder Meeting Issues

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An announcement from Noble Roman’s ( (NROM) ) is now available.

On September 16, 2025, Marcel Herbst resigned from his position as a Class I Director on the Board of Noble Roman’s, Inc., a company involved in the food service industry. His resignation was not due to any conflict with the Board or the company. Jeffrey D. Roberts, a founding partner of a law firm in Carmel, Indiana, was appointed to fill the vacancy. On the same day, the company’s 2025 Annual Meeting of Shareholders was held, but it was adjourned without any votes being taken due to the lack of a quorum, as only 8,665,422 votes were represented out of the required 11,107,757.

Spark’s Take on NROM Stock

According to Spark, TipRanks’ AI Analyst, NROM is a Neutral.

Noble Roman’s overall score is driven by strong revenue growth and improved cash flow, despite high leverage and low profitability. The stock’s valuation suggests it may be undervalued, while the earnings call indicates positive operational improvements. Technical indicators show a neutral trend, with no significant momentum.

To see Spark’s full report on NROM stock, click here.

More about Noble Roman’s

Average Trading Volume: 21,557

Technical Sentiment Signal: Sell

Current Market Cap: $4.22M

See more data about NROM stock on TipRanks’ Stock Analysis page.

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