SEC Filing Summary: Select Energy Services, Inc. (WTTR)
Business Context and Reporting Period
This Form 8-K, dated May 6, 2022, reports the results of the 2022 Annual Meeting of Stockholders for Select Energy Services, Inc. The filing details 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.
Material Changes
No material financial changes are reported in this document. The primary event is the successful re-election of the board of directors and the approval of the external 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 voting outcomes of the Annual Meeting.
Key Facts for Investor Verification
- Director Election Results: All eight nominees were elected. Douglas J. Wall received the lowest support with 89.96% of votes cast, while Gayle L. Burleson received the highest at 99.82%.
- Significant Dissent: Douglas J. Wall received 8,782,886 votes against, significantly higher than other nominees, which may warrant investor attention regarding board dynamics.
- Auditor Ratification: Grant Thornton LLP was ratified as the independent auditor for fiscal year 2022 with 99.96% approval.
- Broker Non-Votes: There were 14,048,229 broker non-votes recorded for the director elections, indicating a substantial portion of shares held in street name did not vote on these matters.