Business Context and Reporting Period
This Form 8-K filing by Consolidated Water Co. Ltd. (Cayman Islands) reports on events occurring at the Annual General Meeting of Shareholders held on May 25, 2010. The filing was signed on May 28, 2010, by David W. Sasnett, Executive Vice President & Chief Financial Officer.
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 matters and shareholder voting results.
Material Changes
There are no material financial changes reported in this document. The primary events are the re-election of a director and the ratification of the independent auditor.
Corporate Governance and Shareholder Votes
Shareholders voted on two proposals at the Annual General Meeting:
- Proposal 1: Re-election of Brian E. Butler as the sole Class I member of the Board of Directors for a three-year term.
- Proposal 2: Ratification of MarcumRachlin (a division of Marcum LLP) as the independent registered public accounting firm for the fiscal year ending December 31, 2010.
Voting Results
| Proposal | For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Election of Brian E. Butler | 5,682,610 | 719,371 | 9,013 | 3,656,669 |
| Ratification of MarcumRachlin | 9,917,088 | 19,902 | 26,749 | None |
Investor Verification Checklist
- Verify the term length and class designation for the re-elected director, Brian E. Butler.
- Confirm the engagement terms and remuneration for MarcumRachlin, as these are to be determined by the audit committee.
- Note the significant number of broker non-votes (3,656,669) on the director election, which may indicate shares held in street name where brokers lacked discretionary voting power.
- Review the full Annual Report (10-K) for the fiscal year ending December 31, 2009, to obtain financial performance data not included in this 8-K.