8-KThe WireRed Alert
Executive Change · Shareholder Vote
Filed May 16, 2024 · 2y ago · Accession 0001193125-24-140581
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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 16, 2024
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 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As described under Item 5.07 below, on May 16, 2024, shareholders of Flowserve Corporation (the “ Company ”) approved the Company’s 2024 Employee Stock Purchase Plan (the “ 2024 ESPP ”). A total of 4,000,000 shares of common stock may be purchased or otherwise issued under the 2024 ESPP. A summary of the 2024 ESPP is contained in the Company’s definitive proxy statement relating to the 2024 Annual Meeting of Shareholders (the “ 2024 Annual Meeting ”), as filed with the U.S. Securities and Exchange Commission on April 2, 2024, under the heading “Proposal Four: Approval of Employee Stock Purchase Plan.”
The foregoing description of the 2024 ESPP does not purport to be complete and is qualified in its entirety by reference to the full text of the 2024 ESPP, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 5.07
Submission of Matters to a Vote of Security Holders.
On May 16, 2024, the Company held its virtual 2024 Annual Meeting. The number of shares present at the 2024 Annual Meeting was 120,334,637, representing 91.3% of the 131,740,713 shares issued and outstanding that were entitled to vote on March 18, 2024, the record date for the 2024 Annual Meeting.
Five items of business were submitted to shareholders at the 2024 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 2024 Annual Meeting for annual terms expiring in 2025 pursuant to the following votes:
Nominee
For
Against
Abstained
Broker
Non-Votes
R. Scott Rowe
114,369,226
453,406
90,737
5,421,268
Sujeet Chand
114,418,338
405,146
89,885
5,421,268
Ruby R. Chandy
114,061,351
762,713
89,305
5,421,268
Gayla J. Delly
111,492,157
3,331,819
89,393
5,421,268
John L. Garrison
113,781,950
1,040,997
90,422
5,421,268
Cheryl H. Johnson
114,499,859
324,414
89,096
5,421,268
Michael C. McMurray
114,192,541
630,759
90,069
5,421,268
Thomas B. Okray
113,858,564
964,715
90,090
5,421,268
David E. Roberts
113,697,283
1,124,988
91,098
5,421,268
Kenneth I. Siegel
112,049,551
2,699,975
163,843
5,421,268
Carlyn R. Taylor
114,057,363
766,985
89,021
5,421,268
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:
108,269,975
Votes AGAINST:
6,123,206
Votes ABSTAINED:
520,188
Broker Non-Votes:
5,421,268
3. Ratification of Independent Registered Public Accounting Firm. The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2024 was ratified pursuant to the following votes:
Votes FOR:
116,241,908
Votes AGAINST:
4,003,711
Votes ABSTAINED:
89,018
Broker Non-Votes:
N/A
4. Approval of Company’s Employee Stock Purchase Plan. The proposal for approval of the Company’s 2024 ESPP was approved pursuant to the following votes:
Votes FOR:
114,707,050
Votes AGAINST:
153,187
Votes ABSTAINED:
53,132
Broker Non-Votes:
5,421,268
5. Shareholder Proposal – Requesting Report on the Company’s Political Spending and Policies and Procedures Regarding Political Spending. The shareholder proposal requesting a report on the Company’s political spending and policies and procedures regarding political spending, did not pass, pursuant to the following votes:
Votes FOR:
29,359,359
Votes AGAINST:
82,483,066
Votes ABSTAINED:
3,070,944
Broker Non-Votes:
5,421,268
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description
10.1
Flowserve Corporation’s Employee Stock Purchase Plan.
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 16, 2024
By:
/s/ Susan C. Hudson
Susan C. Hudson
Senior Vice President, Chief Legal Officer and Corporate Secretary
Filing details
- Company
- FLOWSERVE CORP
- Ticker
- FLS
- CIK
- 30625
- Form type
- 8-K
- Filing date
- May 16, 2024
- Report date
- May 16, 2024
- Document
- d688556d8k.htm
- Size
- 231 KB