Solaris Oilfield Infrastructure, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 12, 2022, details the results of the Annual Meeting of Stockholders held by Solaris Oilfield Infrastructure, Inc. (SOI) on that date. The filing addresses the election of directors and the ratification of the independent registered public accounting firm.
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 rather than financial performance data.
Material Changes and Voting Results
The following proposals were voted upon at the Annual Meeting:
- Proposal 1: Election of Class II Directors
- Cynthia M. Durrett: Elected with 27,786,909 votes For, 5,579,619 Withheld, and 5,986,331 Broker Non-Votes.
- W. Howard Keenan, Jr.: Elected with 23,153,441 votes For, 10,213,087 Withheld, and 5,986,331 Broker Non-Votes.
- Ray N. Walker, Jr.: Elected with 27,564,665 votes For, 5,801,863 Withheld, and 5,986,331 Broker Non-Votes.
- Proposal 2: Ratification of Independent Auditor
- BDO USA, LLP was ratified as the independent registered public accounting firm for the fiscal year ended December 31, 2022.
- Voting Results: 38,547,491 For, 784,796 Against, and 20,572 Abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the outcomes of the shareholder vote.
Key Facts for Investor Verification
- Verify the full composition of the Board of Directors following the election of the three Class II directors.
- Confirm the engagement letter and audit scope with BDO USA, LLP for the 2022 fiscal year.
- Review the definitive proxy statement filed on April 1, 2022, for detailed biographies of the elected directors and the rationale for the auditor selection.
- Note that W. Howard Keenan, Jr. received a significantly higher number of withheld votes compared to the other two director nominees.