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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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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
Ticker
FLS
CIK
30625
Form type
8-K
Filing date
May 16, 2024
Report date
May 16, 2024
Document
d688556d8k.htm
Size
231 KB