Business Context and Reporting Period
This Form 8-K filing by Graham Corporation (NYSE: GHM) reports on the results of the Annual Meeting of Stockholders held on August 20, 2024. The filing details the outcomes of shareholder votes regarding director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Director Elections: Stockholders elected two directors for three-year terms expiring in 2027:
- Lisa M. Schnorr: 5,258,330 votes for; 1,828,196 votes withheld.
- Daniel J. Thoren: 5,395,145 votes for; 1,691,381 votes withheld.
- Executive Compensation (Say-on-Pay): Stockholders approved the compensation of Named Executive Officers on an advisory basis.
- Votes For: 6,998,164
- Votes Against: 66,941
- Abstentions: 22,110
- Auditor Ratification: Stockholders ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2025.
- Votes For: 8,354,812
- Votes Against: 255,861
- Abstentions: 5,767
Guidance, Outlook, and Risks
This filing does not provide management commentary, financial guidance, outlook, or specific risk factors. It strictly reports the procedural outcomes of the annual meeting.
Key Facts for Investor Verification
- Verify the total number of shares outstanding and the percentage of votes cast to assess the significance of the "Votes Withheld" for director elections.
- Review the definitive proxy statement filed on July 8, 2024, for detailed context on the executive compensation package that was approved.
- Confirm the fiscal year-end date (March 31) to align future financial reporting expectations with the newly ratified auditor.