Cactus, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated May 22, 2019, details the results of Cactus, Inc.'s 2019 Annual Meeting of Stockholders held in Houston, Texas. The company is an emerging growth company incorporated in Delaware.
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 and voting outcomes.
Material Changes and Voting Results
A total of 72,050,562 shares were present or represented by proxy, representing approximately 96% of the 75,109,921 shares issued and outstanding on the record date. Stockholders approved the following proposals:
- Proposal 1 (Director Election): Joel Bender and Alan Semple were elected as Class II directors for three-year terms expiring in 2022.
- Proposal 2 (Auditor Ratification): PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2019.
- Proposal 3 (Say-on-Pay): Executive compensation was approved on a non-binding advisory basis.
- Proposal 4 (Say-on-Frequency): Stockholders voted to hold say-on-pay votes every three years.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to report the submission of matters to a vote of security holders.
Key Facts for Investor Verification
- Verify the tenure of newly elected directors Joel Bender and Alan Semple (expiring 2022).
- Confirm the appointment of PricewaterhouseCoopers LLP as the auditor for fiscal year 2019.
- Note the shareholder preference for a three-year frequency for future say-on-pay votes.
- Review the significant number of votes withheld for Alan Semple (16,096,504) compared to Joel Bender (10,365,785).