8-K
filed May 2, 2023, 7:59 PM ET
ticker AROC
CIK 0001389050
other material
confidence high
sentiment positive
materiality 0.65
Archrock authorizes $50M share repurchase program; declares $0.15 quarterly dividend
Archrock, Inc.
- $50M share repurchase authorization effective April 27, 2023, through April 27, 2024.
- Quarterly dividend of $0.15 per share payable May 16, 2023 to holders of record May 9, 2023.
- CEO cites rapid tightening in compression market fundamentals and path to leverage below 4.0x.
- Buyback provides flexibility to act on broader market dislocation, complementing dividend.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Archrock, Inc. shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-04-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 2: Ratification of Independent Registered Public Accounting Firm Our stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Abstentions Broker Non-Votes 127,206,127 5,914,684 40,451 -
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Archrock, Inc. shareholders approved Advisory Vote on the Frequency of Future Stockholder Advisory Votes on Executive Compensation at the 2023-04-27 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 4: Advisory Vote on the Frequency of Future Stockholder Advisory Votes on Executive Compensation Our stockholders approved, by a non-binding advisory vote, that the frequency of an advisory vote on the compensation provided to our Named Executive Officers be every year, as disclosed in our proxy statement. Votes For 1 Year Votes for 2 Years Votes for 3 Years Abstentions 113,735,874 100,759 9,521,326 769,401
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Archrock, Inc. shareholders approved Advisory Vote on Executive Compensation at the 2023-04-27 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 3: Advisory Vote on Executive Compensation Our stockholders approved, by a non-binding advisory vote, the compensation provided to our Named Executive Officers for 2022, as disclosed in our proxy statement. Votes For Votes Against Abstentions Broker Non-Votes 119,084,430 4,901,262 141,668 9,033,902
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Archrock, Inc. shareholders approved Election of Directors at the 2023-04-27 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-27
Exact text from the filing
Proposal 1: Election of Directors Our stockholders elected the following directors to serve until the next annual meeting of our stockholders or until their successors are duly elected and qualified. Directors Votes For Votes Withheld Broker Non-Votes Anne-Marie N. Ainsworth 116,195,828 7,931,532 9,033,902 D. Bradley Childers 119,456,827 4,670,533 9,033,902 Gordon T. Hall 115,535,742 8,591,618 9,033,902 Frances Powell Hawes 121,028,221 3,099,139 9,033,902 J.W.G. “Will” Honeybourne 113,603,588 10,523,772 9,033,902 James H. Lytal 120,685,225 3,442,135 9,033,902 Leonard W. Mallett 123,855,961 271,399 9,033,902 Jason C. Rebrook 119,500,009 4,627,351 9,033,902 Edmund P. Segner, III 121,325,802 2,801,558 9,033,902
View on SEC.gov
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