8-K
filed May 30, 2023, 7:59 PM ET
ticker FLS
CIK 0000030625
other
confidence high
sentiment neutral
materiality 0.15
Flowserve shareholders elect all director nominees; say-on-pay approved; special meeting proposal defeated
FLOWSERVE CORP
- All 11 director nominees elected with 103.7M–117.6M votes for; Gayla J. Delly received highest opposition (14.0M against).
- Advisory vote on executive compensation passed: 109.9M for, 7.9M against.
- Advisory vote on frequency favored 1 year (115.4M votes); company will hold annual say-on-pay votes.
- Ratification of PwC as auditor approved: 116.6M for, 4.9M against.
- Shareholder proposal to allow 25% owners to call special meeting failed: 22.9M for, 94.7M against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLOWSERVE CORP shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
3. Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation . The proposal for approval, on an advisory basis, of the frequency of future advisory votes on the compensation of the Company’s named executive officers was approved pursuant to the following votes: Votes for 1 YEAR: 115,418,055 Votes for 2 YEARS: 153,979 Votes for 3 YEARS: 2,188,757 Votes ABSTAINED: 43,471 Broker Non-Votes: 3,737,676
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLOWSERVE CORP shareholders approved Election of Directors at the 2023-05-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
1. Election of Directors . The director nominees listed below were duly elected at the Annual Meeting for annual terms expiring in 2024 pursuant to the following votes: Nominee For Against Abstained Broker Non-Votes R. Scott Rowe 117,070,971 699,325 33,966 3,737,676 Sujeet Chand 117,294,370 476,553 33,339 3,737,676 Ruby R. Chandy 114,553,793 3,216,943 33,526 3,737,676 Gayla J. Delly 103,745,697 13,975,315 83,250 3,737,676 John R. Friedery 112,685,222 5,084,146 34,894 3,737,676 John L. Garrison 113,459,398 4,310,765 34,099 3,737,676 Michael C. McMurray 116,468,047 1,302,533 33,682 3,737,676 Thomas B. Okray 117,570,014 199,819 34,429 3,737,676 David E. Roberts 116,334,820 1,435,630 33,812 3,737,676 Kenneth I. Siegel 116,858,911 862,241 83,110 3,737,676 Carlyn R. Taylor 117,202,626 568,784 32,852 3,737,676
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLOWSERVE CORP shareholders approved Advisory Vote on Executive Compensation at the 2023-05-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
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: 109,857,939 Votes AGAINST: 7,871,254 Votes ABSTAINED: 75,069 Broker Non-Votes: 3,737,676
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLOWSERVE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-25
Exact text from the filing
4. Ratification of Independent Registered Public Accounting Firm. The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2023 was ratified pursuant to the following votes: Votes FOR: 116,608,585 Votes AGAINST: 4,890,577 Votes ABSTAINED: 42,776 Broker Non-Votes: N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FLOWSERVE CORP shareholders rejected Shareholder Proposal – Eliminate Ownership Requirements to Call a Special Meeting at the 2023-05-25 meeting.
- Outcome
- failed
- Meeting
- 2023-05-25
Exact text from the filing
5. Shareholder Proposal – Eliminate Ownership Requirements to Call a Special Meeting. The shareholder proposal requesting that the Board of Directors take the steps necessary to amend the Company’s organizational documents to give any holders of a combined 25% of outstanding common stock, regardless of the length of stock ownership, the power to call a special shareholder meeting, did not pass, pursuant to the following votes: Votes FOR: 22,978,610 Votes AGAINST: 94,723,844 Votes ABSTAINED: 101,808 Broker Non-Votes: 3,737,676
View on SEC.gov
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