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8-KThe WireRoutine

Shareholder Vote

Filed May 30, 2023 · 3y ago · Accession 0001193125-23-156583

Plain English

Material event — a significant development the company must disclose promptly.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 25, 2023     FLOWSERVE CORPORATION (Exact Name of Registrant as Specified in its Charter)       New York   1-13179   31-0267900 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   5215 N. O’Connor Blvd. , Suite 700 , Irving , Texas   75039 (Address of Principal Executive Offices)   (Zip Code) (972) 443-6500 (Registrant’s telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report)     Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $1.25 Par Value   FLS   New York Stock Exchange Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2 below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.07 Submission of Matters to a Vote of Security Holders. On May 25, 2023, the Company held its virtual 2023 Annual Meeting of Shareholders. The number of shares present at the Annual Meeting was 121,541,938, representing 92.67% of the 131,147,426 shares issued and outstanding that were entitled to vote on March 28, 2023, the record date for the Annual Meeting. Five items of business were submitted to shareholders at the Annual Meeting. The voting results for each proposal are set forth below: 1.     Election of Directors . The director nominees listed below were duly elected at the Annual Meeting for annual terms expiring in 2024 pursuant to the following votes:   Nominee   For   Against   Abstained   Broker Non-Votes R. Scott Rowe   117,070,971   699,325   33,966   3,737,676                 Sujeet Chand   117,294,370   476,553   33,339   3,737,676                 Ruby R. Chandy   114,553,793   3,216,943   33,526   3,737,676                 Gayla J. Delly   103,745,697   13,975,315   83,250   3,737,676                 John R. Friedery   112,685,222   5,084,146   34,894   3,737,676                 John L. Garrison   113,459,398   4,310,765   34,099   3,737,676                 Michael C. McMurray   116,468,047   1,302,533   33,682   3,737,676                 Thomas B. Okray   117,570,014   199,819   34,429   3,737,676                 David E. Roberts   116,334,820   1,435,630   33,812   3,737,676                 Kenneth I. Siegel   116,858,911   862,241   83,110   3,737,676                 Carlyn R. Taylor   117,202,626   568,784   32,852   3,737,676                 2.     Advisory Vote on Executive Compensation . The proposal for approval, on an advisory basis, of the compensation of the Company’s named executive officers was approved pursuant to the following votes:   Votes FOR:   109,857,939 Votes AGAINST:   7,871,254 Votes ABSTAINED:   75,069 Broker Non-Votes:   3,737,676 3. Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation . The proposal for approval, on an advisory basis, of the frequency of future advisory votes on the compensation of the Company’s named executive officers was approved pursuant to the following votes:   Votes for 1 YEAR:   115,418,055 Votes for 2 YEARS:   153,979 Votes for 3 YEARS:   2,188,757 Votes ABSTAINED:   43,471 Broker Non-Votes:   3,737,676 4.     Ratification of Independent Registered Public Accounting Firm. The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2023 was ratified pursuant to the following votes:   Votes FOR:   116,608,585 Votes AGAINST:   4,890,577 Votes ABSTAINED:   42,776 Broker Non-Votes:   N/A 5.     Shareholder Proposal – Eliminate Ownership Requirements to Call a Special Meeting. The shareholder proposal requesting that the Board of Directors take the steps necessary to amend the Company’s organizational documents to give any holders of a combined 25% of outstanding common stock, regardless of the length of stock ownership, the power to call a special shareholder meeting, did not pass, pursuant to the following votes:   Votes FOR:   22,978,610 Votes AGAINST:   94,723,844 Votes ABSTAINED:   101,808 Broker Non-Votes:   3,737,676   Item 9.01 Financial Statements and Exhibits. (d)    Exhibits.   Exhibit No.    Description 104    The cover page from Flowserve Corporation’s Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       FLOWSERVE CORPORATION Dated: May 30, 2023     By:   /s/ Susan C. Hudson       Susan C. Hudson       Senior Vice President, Chief Legal Officer and Corporate Secretary
Filing details
Ticker
FLS
CIK
30625
Form type
8-K
Filing date
May 30, 2023
Report date
May 25, 2023
Document
d468706d8k.htm
Size
173 KB