secwatch.observer — SEC 8-K summary
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Issuer:     FLOWSERVE CORP (FLS)
CIK:        0000030625
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001193125-22-148797
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowserve shareholders vote down executive compensation; board reduced to 9
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- Advisory vote on executive compensation rejected: 88.6M against vs 26.4M for (78% of votes cast).
- Board size reduced from 10 to 9 effective May 12, 2022, following director Roger L. Fix's retirement.
- Bylaws amended: exclusive forum for Securities Act claims, updated electronic meeting rules, enhanced director nomination requirements.
- All 9 director nominees elected, and PwC ratified as auditor for 2022 with 98% support.
- Shareholder proposal to lower special meeting threshold to 10% failed with 55% against votes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30625/000119312522148797/0001193125-22-148797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30625/000119312522148797/d346827d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-148797

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