Solaris Oilfield Infrastructure, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 17, 2019, covers the Annual Meeting of Stockholders held by Solaris Oilfield Infrastructure, Inc. on May 14, 2019. The Company is incorporated in Delaware and its Class A Common Stock trades on the New York Stock Exchange under the symbol "SOI".
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 voting results.
Material Changes and Voting Results
The Company reported the following outcomes from the Annual Meeting:
- Proposal 1: Election of Directors Three Class II Directors were elected.
- W. Howard Keenan, Jr.: 26,848,458 votes For; 11,813,101 votes Withheld.
- Cynthia M. Durrett: 37,546,970 votes For; 1,114,589 votes Withheld.
- Ray N. Walker, Jr.: 38,164,505 votes For; 497,054 votes Withheld.
- Proposal 2: Ratification of Auditors The appointment of BDO USA, LLP as the independent registered public accounting firm for 2019 was ratified.
- For: 43,885,991 votes
- Against: 25,308 votes
- Abstentions: 78,528 votes
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, management outlook, specific risks, contingencies, or unusual items. The document serves solely to disclose the results of the stockholder vote.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to calculate the percentage of votes cast for each director and the auditor ratification.
- Review the definitive proxy statement filed on April 1, 2019, for detailed biographies of the elected directors and the rationale for the auditor appointment.
- Confirm the Company's status as an emerging growth company and its election regarding extended transition periods for accounting standards.