secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001699136-24-000079
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus shareholders approve board declassification, lower supermajority vote thresholds
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- Shareholders approved declassification of Board to single-class over three-year phase-in (77.2M for, 2.8K against).
- Approved lowering supermajority vote requirements to majority for charter/bylaw amendments, effective 2026 annual meeting (77.2M for).
- Approved limiting officer liability under Delaware law (65.9M for, 11.3M against).
- Shareholders rejected proposal to opt into DGCL Section 203 (20.1M for, 57.1M against).
- Approved exclusive federal forum for securities claims (69.1M for, 8.1M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000079/0001699136-24-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000079/whd-20240514.htm
  HTML page:      https://secwatch.observer/filing/0001699136-24-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer