8-K
filed May 15, 2023, 7:59 PM ET
ticker KLXE
CIK 0001738827
other
confidence high
sentiment neutral
materiality 0.50
KLXE stockholders approve LTIP share increase, reject board declassification and supermajority changes
KLX Energy Services Holdings, Inc.
- Approved LTIP amendment: increased share reserve by 1,200,000 shares and extended plan to March 8, 2033.
- Board declassification proposal failed: required 66 2/3% of outstanding shares; 7.85M for, 4.59M broker non-votes.
- Supermajority elimination for bylaws and charter amendments also failed; needed majority of outstanding shares.
- Class II directors John T. Collins and Dag Skindlo elected; each received over 7.1M votes for.
- Deloitte & Touche LLP ratified as independent auditor for FY2023: 12.3M for, 160k against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders rejected Reflection of the New Delaware Law Provisions regarding Officer Exculpation at the 2023-05-10 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 5 – Reflection of the New Delaware Law Provisions regarding Officer Exculpation . The reflection of the new Delaware law provisions regarding officer exculpation was not approved, as the affirmative vote of a majority of the outstanding common stock of the Company was required for approval. Votes were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,593,151 281,917 68,923 4,588,689
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders rejected Elimination of the Supermajority Voting Requirement to Amend the Company’s Certificate of Incorporation at the 2023-05-10 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 4 – Elimination of the Supermajority Voting Requirement to Amend the Company’s Certificate of Incorporation . The elimination of the super majority voting requirement to amend the Company’s certificate of incorporation was not approved, as the affirmative vote of 66 2/3% in voting power of the outstanding voting stock of the Company was required for approval. Votes were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,764,731 122,271 56,989 4,588,689
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders approved Election of Class II Directors at the 2023-05-10 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 2 – Election of Class II Directors . The election of each director was approved as follows: NOMINEE FOR WITHHOLD BROKER NON-VOTES John T. Collins 7,144,641 799,350 4,588,689 Dag Skindlo 7,411,470 532,521 4,588,689
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders approved Approval of the Amended Plan to extend the expiration date of, and increase the number of shares of the Company’s common stock that may be issued under, the Original Plan at the 2023-05-10 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 6 – Approval of the Amended Plan . The Amended Plan, which extends the expiration date of, and increases the number of shares of the Company’s common stock that may be issued under, the Original Plan, was approved as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,591,512 295,961 56,518 4,588,689
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders rejected Elimination of the Supermajority Voting Requirement to Amend the Company’s Bylaws at the 2023-05-10 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 3 – Elimination of the Supermajority Voting Requirement to Amend the Company’s Bylaws . The elimination of the supermajority voting requirement to amend the Company’s bylaws was not approved, as the affirmative vote of a majority in voting power of the outstanding common stock of the Company was required for approval. Votes were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,764,921 122,268 56,802 4,588,689
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders approved Selection of Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2023 at the 2023-05-10 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 7 – Selection of Independent Registered Public Accounting Firm . The selection of Deloitte & Touche LLP was approved as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 12,304,784 160,833 67,063 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLX Energy Services Holdings, Inc. shareholders rejected Declassification of the Board at the 2023-05-10 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-10
Exact text from the filing
Item No. 1 – Declassification of the Board . The declassification of the Board was not approved, as the affirmative vote of 66 2/3% in voting power of the outstanding voting stock of the Company was required for approval. Votes were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 7,852,390 54,363 37,238 4,588,689
View on SEC.gov
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