Solaris Energy Infrastructure, Inc. current report, 14 May 2024

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Solaris Oilfield Infrastructure, Inc. - 8-K Summary

Business Context and Reporting Period

This Form 8-K Current Report was filed on May 14, 2024, by Solaris Oilfield Infrastructure, Inc. (NYSE: SOI). The filing details the results of the Company's Annual Meeting of Stockholders held on that date. The registrant is incorporated in Delaware and maintains its principal executive offices in Houston, Texas.

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 outcomes and does not contain financial performance data.

Material Changes and Voting Results

Stockholders voted on three proposals at the Annual Meeting. The results are as follows:

  • Proposal 1: Election of Class I Directors. Three directors were elected to serve until the 2027 annual meeting.
    • Laurie H. Argo: 33,928,245 For; 1,703,331 Withheld.
    • James R. Burke: 25,587,197 For; 10,044,379 Withheld.
    • F. Gardner Parker: 33,918,575 For; 1,713,001 Withheld.
  • Proposal 2: Ratification of Independent Auditor. Stockholders ratified the appointment of BDO USA, P.C. for the fiscal year ended December 31, 2024.
    • For: 38,336,392
    • Against: 135,758
    • Abstentions: 69,627
  • Proposal 3: Advisory Vote on Executive Compensation. Stockholders approved the compensation of Named Executive Officers on a non-binding basis.
    • For: 34,373,546
    • Against: 1,196,906
    • Abstentions: 61,124

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 is limited to reporting the submission of matters to a vote of security holders.

Key Facts for Investor Verification

  • Verify the tenure of the newly elected directors (Laurie H. Argo, James R. Burke, and F. Gardner Parker) through the 2027 annual meeting.
  • Confirm the engagement of BDO USA, P.C. as the independent registered public accounting firm for the 2024 fiscal year.
  • Note the significant "Withheld" votes for director James R. Burke (approximately 28% of votes cast excluding broker non-votes) compared to the other nominees.
  • Review the full Proxy Statement referenced in the filing for detailed compensation data and director biographies.