Flowserve Holds 2016 Annual Meeting of Shareholders
OREANDA-NEWS. Flowserve Corp. (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, held its 2016 Annual Meeting of Shareholders today in Irving, Texas.
The company confirmed at the annual meeting that Charlie Rampacek retired as a member of the Board of Directors effective after the annual meeting. "Charlie provided more than 18 years of distinguished service to Flowserve and we appreciate all that he has done to support the company during his tenure on the board," said Mark Blinn, Flowserve President and Chief Executive Officer. "The company has benefitted tremendously from his leadership and expertise over the years, and we thank him for his guidance."
Concerning the official business of the meeting, the company announced that its shareholders re-elected William C. Rusnack, Mark A. Blinn, Leif E. Darner, Gayla J. Delly, Lynn L. Elsenhans, Roger L. Fix, John R. Friedery, Joe E. Harlan, Rick J. Mills and David E. Roberts to the company's Board of Directors, each to serve an annual term expiring at the 2017 Annual Meeting of Shareholders.
Voting results indicate that shareholders approved an advisory vote on executive compensation, voting approximately 97 percent in favor of the proposal.
Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2016.
Finally, in line with the recommendation of the Board of Directors, shareholders rejected a shareholder proposal requesting the board to amend the company’s proxy access bylaw to, among other things, reduce the shareholder ownership eligibility from 5 percent to 3 percent.
Final voting results on all agenda items will be available in a Current Report on Form 8-K to be filed by the company following certification by the company's inspector of elections.
Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.