Cactus, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cactus, Inc. on June 21, 2018, regarding events occurring on June 20, 2018. The Company, incorporated in Delaware, held its first Annual Meeting of Stockholders in Houston, Texas. The registrant is classified as an emerging growth company and has elected not to use the extended transition period for complying with new or revised financial accounting standards.
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 does not contain financial performance data.
Material Changes and Voting Results
The primary material event reported is the outcome of the Annual Meeting of Stockholders. Stockholders approved two proposals:
- Proposal 1 (Election of Directors): Stockholders elected two Class I director nominees to serve until the 2021 Annual Meeting.
- Michael McGovern: 63,975,644 votes For; 8,547,795 votes Withheld; 1,424,902 Broker Non-Votes.
- John (Andy) O'Donnell: 64,455,868 votes For; 8,067,571 votes Withheld; 1,424,902 Broker Non-Votes.
- Proposal 2 (Ratification of Auditors): Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2018.
- Votes For: 73,946,004
- Votes Against: 373
- Abstentions: 1,964
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the results of the shareholder vote.
Key Facts for Investor Verification
- Confirmation that Michael McGovern and John (Andy) O'Donnell have officially joined the Board of Directors as Class I directors.
- Verification that PricewaterhouseCoopers LLP is the appointed auditor for the fiscal year ending December 31, 2018.
- Review of the total voting participation and the ratio of votes withheld for directors to assess shareholder sentiment.