secwatch / observer

FLOWSERVE CORP — fact timeline

Source-grounded facts extracted from FLOWSERVE CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

FLS FLOWSERVE CORP JSON
Shareholder Votes

FLOWSERVE CORP shareholders rejected Shareholder Proposal – Requesting an Annual Advisory Shareholder Vote Regarding the Company’s Stock Repurchases at the 2026-05-14 meeting.

“4. Shareholder Proposal – Requesting an Annual Advisory Shareholder Vote Regarding the Company’s Stock Repurchases. The shareholder proposal requesting that the Company conduct an annual advisory shareholder vote regarding the Company’s stock repurchases, did not pass, pursuant to the following votes: Votes FOR: 4,009,237 Votes AGAINST: 105,292,037 Votes ABSTAINED: 1,362,351 Broker Non-Votes: 5,658,768”
Shareholder Votes

FLOWSERVE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2026-05-14 meeting.

“3. Ratification of Independent Registered Public Accounting Firm. The appointment of PricewaterhouseCoopers LLP to serve as the Company’s independent registered public accounting firm for 2026 was ratified pursuant to the following votes: Votes FOR: 107,511,502 Votes AGAINST: 8,772,962 Votes ABSTAINED: 37,929 Broker Non-Votes: N/A”
Shareholder Votes

FLOWSERVE CORP shareholders approved Advisory Vote on Executive Compensation at the 2026-05-14 meeting.

“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: 103,981,326 Votes AGAINST: 6,568,078 Votes ABSTAINED: 114,221 Broker Non-Votes: 5,658,768”
Shareholder Votes

FLOWSERVE CORP shareholders approved Election of Directors at the 2026-05-14 meeting.

“1. Election of Directors . The director nominees listed below were duly elected at the 2026 Annual Meeting for annual terms expiring in 2027 pursuant to the following votes: Nominee For Against Abstained Broker Non-Votes R. Scott Rowe 107,707,019 2,917,532 39,074 5,658,768 Sujeet Chand 107,733,881 2,856,280 73,464 5,658,768 Ruby R. Chandy 109,192,337 1,378,047 93,241 5,658,768 John L. Garrison 107,380,080 3,210,528 73,017 5,658,768 Cheryl H. Johnson 106,176,589 4,411,878 75,158 5,658,768 Michael C. McMurray 106,051,394 4,537,568 74,663 5,658,768 Thomas B. Okray 103,382,772 7,204,767 76,086 5,658,768 Brian D. Savoy 107,804,903 2,785,296 73,426 5,658,768 Ross B. Shuster 107,334,765 3,253,158 75,702 5,658,768”
Governance Changes

FLOWSERVE CORP: Amended By-Laws Article III, Section 2 to decrease the number of directors from eleven to nine (effective 2026-05-14).

“Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Flowserve Corporation’s (the “Company”) Board of Directors (the “Board”) approved an amendment to the Company’s By-Laws, effective May 14, 2026. Article III, Section 2 of the By-Laws, which sets forth the number of directors of the Company, was amended by the Board to decrease the number of directors of the Company from eleven to nine.”
Material Agreements

FLOWSERVE CORP entered into Sixth Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2026-05-12).

“On May 12, 2026, Flowserve Corporation, a New York corporation (the “Company”), issued $500 million aggregate principal amount of its 5.700% Senior Notes due 2036 (the “Notes”). The Notes were issued pursuant to a Senior Indenture, dated as of September 11, 2012 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association (as successor-in-interest to U.S. Bank National Association), as Trustee (the “Trustee”), as supplemented by the Sixth Supplemental Indenture, dated as of May 12, 2026 (the “Sixth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and the Trustee.”
Debt Financings

FLOWSERVE CORP incurred senior notes of $500 million aggregate principal amount with U.S. Bank Trust Company, National Association at 5.700% maturing May 15, 2036.

“On May 12, 2026, Flowserve Corporation, a New York corporation (the “Company”), issued $500 million aggregate principal amount of its 5.700% Senior Notes due 2036 (the “Notes”).”
Material Agreements

FLOWSERVE CORP entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as representatives of the several underwriters named therein valued at $500 million aggregate principal amount (effective 2026-05-05).

“On May 5, 2026, Flowserve Corporation, a New York corporation (the “Company”), entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as representatives of the several underwriters named therein, relating to the offering and sale of $500 million aggregate principal amount of the Company’s 5.700% Senior Notes due 2036 (the “Notes”).”
Earnings Releases

FLOWSERVE CORP updated its first quarter ended March 31, 2026 guidance (reaffirmed).

“On April 29, 2026, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the first quarter ended March 31, 2026.”
Debt Financings

FLOWSERVE CORP incurred term loan of an unsecured term loan facility in the amount up to $450.0 million with Bank of America, N.A., as administrative agent at the initial interest rate on the term loan facility under the Third Amended and maturing April 15, 2031.

“Third Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent On April 15, 2026 (the “Closing Date”), Flowserve Corporation (the “Company”) amended and restated its credit agreement (the “Third Amended and Restated Credit Agreement”) with Bank of America, N.A., as administrative agent, and the other lenders (together, the “Lenders” and each individually, a “Lender”) and letter of credit issuers party thereto.”
Debt Financings

FLOWSERVE CORP incurred revolving credit of a $1,000.0 million unsecured revolving credit facility with Bank of America, N.A., as administrative agent at Term SOFR plus 1.375% in the case of Term SOFR loans and the Base Rate plus 0.37 maturing April 15, 2031.

“a $1,000.0 million unsecured revolving credit facility (which includes a $750.0 million sublimit for the issuance of letters of credit and a $30.0 million sublimit for swing line loans)”
Material Agreements

FLOWSERVE CORP terminated Existing Credit Agreement with Bank of America, N.A. (effective 2026-04-15).

“The disclosures required by this Item 1.02 are incorporated herein by reference to the disclosures set forth above under Item 1.01 regarding the termination of the Existing Credit Agreement.”
Material Agreements

FLOWSERVE CORP entered into Third Amended and Restated Credit Agreement with Bank of America, N.A. valued at $1,000.0 million unsecured revolving credit facility (effective 2026-04-15).

“Third Amended and Restated Credit Agreement with Bank of America, N.A., as Administrative Agent On April 15, 2026 (the “Closing Date”), Flowserve Corporation (the “Company”) amended and restated its credit agreement (the “Third Amended and Restated Credit Agreement”) with Bank of America, N.A., as administrative agent, and the other lenders (together, the “Lenders” and each individually, a “Lender”) and letter of credit issuers party thereto.”
Governance Changes

FLOWSERVE CORP: Amended Article III, Section 2 of the By-Laws to increase the number of directors from ten to eleven (effective 2026-03-16).

“Article III, Section 2 of the By-Laws, which sets forth the number of directors of the Company, was amended by the Board to increase the number of directors of the Company from ten to eleven.”
Governance Changes

FLOWSERVE CORP: Reduced the number of directors from eleven to ten (effective 2025-02-07).

“Article III, Section 2 of the Bylaws, which sets forth the number of directors of the Company, was amended by the Board to reduce the number of directors of the Company from eleven to ten.”

Carlyn R. Taylor resigned as Director at FLOWSERVE CORP.

“accepted the resignation of Carlyn R. Taylor from her position as a director of the Company effective immediately.”
Shareholder Votes

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.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Approval of Company’s Employee Stock Purchase Plan at the 2024-05-16 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-05-16 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Advisory Vote on Executive Compensation at the 2024-05-16 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Election of Directors at the 2024-05-16 meeting.

“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”
Earnings Releases

FLOWSERVE CORP updated its first quarter ended March 31, 2024 guidance (raised).

“On April 29, 2024, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the first quarter ended March 31, 2024.”
Earnings Releases

FLOWSERVE CORP reported the fourth quarter and full year ended December 31, 2023 results: revenue $1.17 billion, EPS $0.47. Guidance reaffirmed.

“or 13.0% • Aftermarket bookings were $553.3 million, up $2.7 million or 0.5%. On a constant currency basis 4 , aftermarket bookings were down $6.4 million or 1.2% • Sales were $1.17 billion, up $126.2 million or 12.1%. On a constant currency basis 4 , sales were up $104.4 million or 10.1% • Original equipment sales were $576.1 million, up $76.3 million or 15.3%. On”

Susan C. Hudson was appointed as Chief Human Resources Officer (interim) at FLOWSERVE CORP.

“Susan C. Hudson, the Company’s Senior Vice President and Chief Legal Officer, will then assume Ms. Burger’s responsibilities on an interim basis”

Elizabeth L. Burger resigned as Senior Vice President, Chief Human Resources Officer at FLOWSERVE CORP.

“Elizabeth L. Burger tendered her resignation as Senior Vice President, Chief Human Resources Officer of Flowserve Corporation, a New York corporation, in order to accept a position as EVP and chief human resources officer at another publicly traded company.”
Earnings Releases

FLOWSERVE CORP reported third quarter ended September 30, 2023 results: revenue $1.09 billion, EPS $0.35. Guidance raised.

“or 29.7% Aftermarket bookings were $582.2 million, up $38.6 million or 7.1%. On a constant currency basis 4 , aftermarket bookings were up $26.6 million or 4.9% Sales were $1.09 billion, up $221.8 million or 25.4%. On a constant currency basis 4 , sales were up $200.7 million or 23.0% Original equipment sales were $529.2 million, up $117.1 million or 28.4%. On a”

Cheryl H. Johnson was elected as Director at FLOWSERVE CORP.

“On September 20, 2023, the Company also announced that Cheryl H. Johnson, Chief Human Resources Officer for Caterpillar Inc. (“Caterpillar”) has been elected by the Board as a new member of the Board, effective December 8, 2023.”

John Friedery departed as Director at FLOWSERVE CORP.

“On September 20, 2023, Flowserve Corporation (the “Company”) announced that John Friedery, a director of the Company, would retire from the Company’s Board of Directors (the “Board”) effective December 8, 2023.”
Earnings Releases

FLOWSERVE CORP reported second quarter ended June 30, 2023 results: revenue $1.08 billion, EPS $0.39. Guidance raised.

“or 0.2% Aftermarket bookings were $590.9 million, up $64.9 million or 12.3%. On a constant currency basis 2 , aftermarket bookings were up $67.9 million or 12.9% Sales were $1.08 billion, up $198.2 million or 22.5%. On a constant currency basis 2 , sales were up $202.0 million or 22.9% Original equipment sales were $517.8 million, up $106.5 million or 25.9%. On a”
Shareholder Votes

FLOWSERVE CORP shareholders rejected Shareholder Proposal – Eliminate Ownership Requirements to Call a Special Meeting at the 2023-05-25 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-25 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation at the 2023-05-25 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Advisory Vote on Executive Compensation at the 2023-05-25 meeting.

“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”
Shareholder Votes

FLOWSERVE CORP shareholders approved Election of Directors at the 2023-05-25 meeting.

“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”
Earnings Releases

FLOWSERVE CORP reported first quarter ended March 31, 2023 results: revenue $980.3 million, EPS $0.20. Guidance raised.

“bookings were $506.9 million, down 6.8% or 4.5% on a constant currency basis Aftermarket bookings were $550.3 million, up 1.5%, or 3.5% on a constant currency basis Sales were $980.3 million, up 19.4%, or 22.3% on a constant currency basis Original equipment sales were $463.5 million, up 21.0%, or 24.1% on a constant currency basis Aftermarket sales were $516.8”
Governance Changes

FLOWSERVE CORP: Increased the number of directors from ten to eleven (effective 2023-04-12).

“On April 12, 2023, the Board approved an amendment to the Company’s By-Laws, effective April 12, 2023. Article III, Section 2 of the By-Laws, which sets forth the number of directors of the Company, was amended by the Board to increase the number of directors of the Company from ten to eleven.”

Thomas Okray was elected as Director at FLOWSERVE CORP.

“Thomas Okray, Executive Vice President and Chief Financial Officer for Eaton Corporation (“Eaton”) has been elected by the Company’s Board of Directors (the “Board”) as a new member of the Board, effective April 12, 2023.”
Earnings Releases

FLOWSERVE CORP reported fourth quarter and full year ended December 31, 2022 results: EPS Reported and Adjusted Fourth Quarter Earnings Per Share (EPS) of 92 cents and 63 cents, respectively. Guidance reaffirmed.

“On February 21, 2023, Flowserve Corporation, a New York corporation (the “Company”), issued a press release announcing financial results for the fourth quarter and full year ended December 31, 2022.”

Lamar Duhon was appointed as President of Flowserve Pumps Division at FLOWSERVE CORP.

“the Company has appointed Lamar Duhon as the President of the Company’s Flowserve Pumps Division effective February 24, 2023 in addition to his current responsibilities.”

Keith Gillespie departed as Senior Vice President and Chief Sales Officer at FLOWSERVE CORP.

“In addition, Keith Gillespie, the Company’s Senior Vice President and Chief Sales Officer, will step down from his position effective April 7, 2023.”

Tamara Morytko departed as President of Flowserve Pumps Division at FLOWSERVE CORP.

“the Company announced that Tamara Morytko, the President of the Company’s Flowserve Pumps Division, will step down from her position effective February 24, 2023.”
Earnings Releases

FLOWSERVE CORP reported 2023 results: EPS $1.50 to $1.75. Guidance initiated.

“Initiates 2023 guidance metrics, excluding contribution from Velan acquisition which was announced separately today Expects 2023 revenue growth of 9% to 11% and Reported and Adjusted EPS [1] of $1.40 to $1.65 and $1.50 to $1.75, respectively”
Earnings Releases

FLOWSERVE CORP reported the fourth quarter ended December 31, 2022 results: revenue approximately $1.0 billion, EPS 59 to 63 cents.

“Flowserve expects fourth quarter 2022 bookings of $1.1 billion, revenues of approximately $1.0 billion and Adjusted EPS [1] of 59 to 63 cents”

Kenneth Siegel was elected as Director at FLOWSERVE CORP.

“On August 16, 2022, Flowserve Corporation (the “Company”) announced that Kenneth Siegel, Senior Vice President of Mergers & Acquisitions, Energy Subsidiaries and Strategic Planning for Loews Corporation (“Loews”) has been elected by the Company’s Board of Directors (the “Board”) as a new member of the Board, effective August 16, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.