8-K
filed May 24, 2023, 7:59 PM ET
ticker XYL
CIK 0001524472
M&A
confidence high
sentiment positive
materiality 0.85
Xylem Inc. (XYL): M&A transaction — Xylem completes $7.5B all-stock acquisition of Evoqua; forms world's largest pure-play water tech company
Xylem Inc.
- Each Evoqua share converted into 0.48 Xylem share; Xylem holders own ~75%, Evoqua ~25% fully diluted.
- Pro forma combined revenue of $7.3B; global workforce exceeds 22,000 employees.
- Lisa Glatch and Lynn C. Swann, former Evoqua directors, appointed to Xylem board effective at closing.
- At May 18 annual meeting, all 10 director nominees elected; say-on-pay approved; independent chair proposal defeated.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lisa Glatch was appointed as Director at Xylem Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Lisa Glatch and Lynn C. Swann as members of the Board to fill the resulting vacancies.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Lynn C. Swann was appointed as Director at Xylem Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed Lisa Glatch and Lynn C. Swann as members of the Board to fill the resulting vacancies.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Xylem Inc. completed an acquisition involving Evoqua Water Technologies Corp. for all-stock transaction valued at approximately $7.5 billion (closed 2023-05-24).
- Action
- acquisition
- Counterparty
- Evoqua Water Technologies Corp.
- Consideration
- all-stock transaction valued at approximately $7.5 billion
- Closing
- 2023-05-24
Exact text from the filing
of Evoqua Water Technologies Corp. (“Evoqua”), a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately $7.5 billion. The combination creates the world’s most advanced platform of capabilities to address customers’ and communities’ critical water challenges. Headquartered in Washington, D.C.,
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Xylem Inc. shareholders approved Ratification of Appointment of the Independent Registered Public Accounting Firm at the 2023-05-18 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
2. Proposal Two: Ratification of Appointment of the Independent Registered Public Accounting Firm. Shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Xylem Inc. shareholders approved Election of Ten Directors at the 2023-05-18 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
1. Proposal One: Election of Ten Directors. The following nominees were elected to serve as directors of the Company for a one-year term:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Xylem Inc. shareholders rejected Shareholder Proposal – Policy Requiring Independent Board Chair at the 2023-05-18 meeting.
- Outcome
- failed
- Meeting
- 2023-05-18
Exact text from the filing
4. Proposal Four: Shareholder Proposal – Policy Requiring Independent Board Chair. The shareholder proposal did not obtain approval because it did not receive the affirmative vote of a majority of the votes cast at the Annual Meeting:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Xylem Inc. shareholders approved Advisory Vote on Named Executive Compensation at the 2023-05-18 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-18
Exact text from the filing
3. Proposal Three: Advisory Vote on Named Executive Compensation . Shareholders approved a resolution approving, on an advisory basis, the compensation paid to the Company’s named executive officers as described in the Company’s 2023 proxy statement.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.