Westlake Chemical Corporation (WLK) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Westlake Chemical Corporation on May 17, 2019. The report details the results of the Company's annual meeting of stockholders held on the same date. Westlake Chemical Corporation is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol WLK.
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 does not contain financial performance data.
Material Changes
No material financial changes versus the prior comparable period are reported in this filing. The document solely reports the outcomes of shareholder votes.
Management Commentary and Governance Outcomes
Two matters were submitted to a vote of security holders at the annual meeting:
- Election of Directors: Three members of the board of directors were elected. The vote tabulation is as follows:
- Albert Chao: 107,436,472 votes For; 15,691,046 votes Withheld; 2,635,869 Broker Non-Votes.
- David Chao: 108,886,895 votes For; 14,240,623 votes Withheld; 2,635,869 Broker Non-Votes.
- Michael J. Graff: 114,927,281 votes For; 8,200,237 votes Withheld; 2,635,869 Broker Non-Votes.
- Ratification of Auditors: The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2019, was ratified.
- Votes For: 124,812,761
- Votes Against: 947,161
- Abstentions: 3,465
Key Facts for Investor Verification
- Confirm the successful election of Albert Chao, David Chao, and Michael J. Graff to the Board of Directors.
- Verify the ratification of PricewaterhouseCoopers LLP as the independent auditor for the 2019 fiscal year.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.