Cactus, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cactus, Inc. on May 18, 2021, regarding the Annual Meeting of Stockholders held on the same date in Houston, Texas. The Company is incorporated in Delaware and its Class A Common Stock trades on the New York Stock Exchange under the symbol WHD.
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
The primary material event reported is the outcome of the stockholder vote at the Annual Meeting. No material changes to financial operations or corporate structure outside of the election results are disclosed in this document.
Management Commentary and Voting Results
Stockholders approved two key proposals:
- Proposal 1 (Director Election): Stockholders elected Class I director nominees to serve until the 2024 annual meeting.
- Michael McGovern: 56,555,352 votes For; 15,781,289 votes Withheld; 811,641 Broker Non-Votes.
- John (Andy) O'Donnell: 52,003,008 votes For; 20,333,633 votes Withheld; 811,641 Broker Non-Votes.
- Proposal 2 (Auditor Ratification): Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021.
- Votes For: 73,142,451
- Votes Against: 5,520
- Abstentions: 311
Key Facts for Investor Verification
- Confirmation that Michael McGovern and John (Andy) O'Donnell have been elected to the Board of Directors.
- Verification that PricewaterhouseCoopers LLP is the appointed auditor for the 2021 fiscal year.
- Review of the significant number of votes withheld for director John (Andy) O'Donnell (approximately 26% of votes cast).
- Reference to the Company's 10-K or 10-Q filings for actual financial performance metrics, as this 8-K contains none.