8-K
filed May 16, 2024, 7:59 PM ET
ticker FLS
CIK 0000030625
other
confidence high
sentiment neutral
materiality 0.25
Flowserve shareholders approve 2024 ESPP, re-elect all directors at annual meeting
FLOWSERVE CORP
- Shareholders approved 2024 Employee Stock Purchase Plan authorizing 4,000,000 shares of common stock.
- All 11 director nominees elected with strong support; advisory vote on exec compensation passed (94.5% for).
- Ratification of PwC as independent auditor for 2024 passed with 96.6% of votes cast.
- Shareholder proposal requesting report on political spending defeated (26.2% for, 73.8% against).
- ESPP allows payroll deductions of 1%-50% of compensation, company match of 15%, annual cap $25,000.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
FLOWSERVE CORP shareholders approved Approval of Company’s Employee Stock Purchase Plan at the 2024-05-16 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
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
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
FLOWSERVE CORP shareholders rejected Shareholder Proposal – Requesting Report on the Company’s Political Spending and Policies and Procedures Regarding Political Spending at the 2024-05-16 meeting.
- Outcome
- failed
- Meeting
- 2024-05-16
Exact text from the filing
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
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
FLOWSERVE CORP shareholders approved Advisory Vote on Executive Compensation at the 2024-05-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
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
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
FLOWSERVE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-05-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
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
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
FLOWSERVE CORP shareholders approved Election of Directors at the 2024-05-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-16
Exact text from the filing
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
View on SEC.gov
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