Business Context and Reporting Period
KLX Energy Services Holdings, Inc. filed a Form 8-K dated June 1, 2022, reporting the results of its 2022 Annual Meeting of Stockholders held on that date. The Company is an emerging growth company, and its common stock trades on Nasdaq under the symbol KLXE.
Financial and Operating Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating or financial metrics.
Material Changes Versus Prior Comparable Period
Stockholders elected two Class I directors, each to serve until the 2025 Annual Meeting and until a successor is duly elected or qualified. Stockholders also ratified Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.
| Proposal | Result |
|---|---|
| Election of Gunnar Eliassen | Approved: 3,472,726 for, 506,659 withheld, and 3,125,361 broker non-votes |
| Election of John T. Whates | Approved: 3,740,022 for, 239,363 withheld, and 3,125,361 broker non-votes |
| Ratification of Deloitte & Touche LLP | Approved: 6,970,577 for, 125,263 against, and 8,906 abstentions |
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, operating outlook, management commentary, contingencies, or unusual financial items. No other matters were submitted for stockholder action.
Important Facts for Investors to Verify
- Confirm the appointments and terms of the two elected Class I directors.
- Confirm Deloitte & Touche LLP’s appointment for the fiscal year ending December 31, 2022.
- Review the Company’s proxy statement filed April 18, 2022 for proposal details and voting procedures.
- Consult the Company’s periodic reports for financial performance, liquidity, debt, risks, and forward-looking information not included in this 8-K.