Business Context and Reporting Period
Company: FLOWSERVE CORP
Filing Type: Form 8-K (Current Report)
Date of Report: May 10, 2013
Context: The filing reports a corporate governance event regarding the upcoming Annual Meeting of Shareholders scheduled for May 23, 2013.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing discloses a material change to the Company's Proxy Statement dated April 11, 2013, specifically regarding Proposal 3:
- Original Proposal: Increase authorized common stock by 240 million shares.
- Revised Proposal: Increase authorized common stock by 185 million shares.
- Impact: The proposed increase in authorized shares has been reduced by 55 million shares.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is strictly procedural, incorporating by reference the Supplement to the Proxy Statement (Exhibit 99.1) available at www.proxyvote.com.
Investor Verification Checklist
- Verify the final vote count for Proposal 3 at the Annual Meeting on May 23, 2013.
- Confirm the updated total number of authorized common shares following the potential approval of the 185 million share increase.
- Review the full Supplement to the Proxy Statement (Exhibit 99.1) for any additional context on the reduction of the proposed share increase.