Business Context and Reporting Period
This Form 8-K reports on the results of the 2026 Annual Meeting of Shareholders held by Franklin Electric Co., Inc. on May 8, 2026. The filing details the voting outcomes for director elections, auditor ratification, and executive compensation matters.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes
No material financial changes are reported in this document. The primary events are the successful election of two new directors and the ratification of the independent auditor.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on operations, or discussion of risks and contingencies. It strictly documents the shareholder vote tallies.
Shareholder Vote Results
- Attendance: 41,159,908 shares represented (93.19% of 44,165,235 entitled to vote).
- Proposal 1 (Election of Directors):
- Victor D. Grizzle: Elected (34,681,750 For; 3,548,987 Against).
- Alok Maskara: Elected (36,788,630 For; 2,738,831 Against).
- Proposal 2 (Auditor Ratification): Deloitte & Touche LLP ratified (37,632,083 For; 3,432,327 Against).
- Proposal 3 (Say-on-Pay): Executive compensation approved (37,480,520 For; 1,927,347 Against).
- Proposal 4 (Frequency of Say-on-Pay): Shareholders voted for an annual frequency (36,105,057 for 1 Year).
Important Facts for Investors to Verify
- Verify the terms of office for the newly elected directors (expiring at the 2029 Annual Meeting).
- Confirm the appointment of Deloitte & Touche LLP as the independent auditor for the 2026 fiscal year.
- Note the significant "Against" votes for Victor D. Grizzle (approx. 9.3% of votes cast) compared to Alok Maskara (approx. 7.0%).
- Confirm the shareholder preference for annual advisory votes on executive compensation.