FLOWSERVE CORPORATION (NYSE:FLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

FLOWSERVE CORPORATION (NYSE:FLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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Flowserve Corporation, a New York corporation (the “Company”), previously disclosed in its Quarterly Report on Form 10-Q for the period ended March31, 2018 that Kim L. Jackson, President of Engineered Product Operations, notified the Company during the first quarter of 2018 that he will retire from his role at the Company during 2018. Mr.Jackson will continue to serve in his current capacities through his retirement date on June30, 2018. Mr.Jackson’s retirement is not due to a disagreement with the Company.

Item 5.02 Submission of Matters to a Vote of Security Holders.

On May24, 2018, the Company held its 2018 Annual Meeting of Shareholders (the “Meeting”). The number of shares present at the Meeting was 121,785,096 representing 93.09% of the 130,181,561 shares issued and outstanding that were entitled to vote on March29, 2018, the record date for the Meeting.

Five items of business were submitted to shareholders at the Meeting. The voting results for each proposal are set forth below:

1.Election of Directors. The director nominees listed below were duly elected at the Meeting for annual terms expiring in 2019 to the following votes:

Nominee

Votes For

Votes Against

Votes Abstained

Broker Non-Votes

R. Scott Rowe

115,168,251 532,954 22,588 6,061,303

Ruby R. Chandy

114,592,738 1,053,097 77,958 6,601,303

Leif E. Darner

114,489,256 1,202,818 31,719 6,601,303

Gayla J. Delly

115,256,091 390,184 77,518 6,601,303

Roger L. Fix

114,690,364 930,661 102,768 6,601,303

John R. Friedery

113,742,423 1,928,068 53,302 6,601,303

Joe E. Harlan

115,194,094 497,041 32,658 6,601,303

Rick J. Mills

114,718,549 924,082 81,162 6,601,303

David E. Roberts

113,885,284 1,806,166 32,343 6,601,303

The foregoing totals of votes for and abstained do not include broker non-votes.

2.Advisory Vote on Executive Compensation. The proposal for approval, on an advisory basis, of the compensation of the Company’s named executive officers was approved to the following votes:

Votes FOR:

109,511,374

Votes AGAINST:

6,110,996

Votes ABSTAINED:

101,423

Broker Non-Votes:

6,601,303

3.Ratification of Independent Registered Public Accounting Firm. PricewaterhouseCoopers LLP was ratified to serve as the Company’s independent registered public accounting firm for 2018 to the following votes:

Votes FOR:

120,601,843

Votes AGAINST:

1,160,488

Votes ABSTAINED:

22,765

Broker Non-Votes:

6,601,303

4.Shareholder ProposalRequest to Adopt Targets For Reducing Greenhouse Gas Emissions. The shareholder proposal requesting that the Company adopt time-bound, quantitative, company-wide, science-based targets for reducing greenhouse gas was rejected to the following votes:

Votes FOR:

24,621,821

Votes AGAINST:

86,932,332

Votes ABSTAINED:

4,169,640

Broker Non-Votes:

6,601,303

5.Shareholder ProposalRequest to Permit Written Consent by Shareholders. The shareholder proposal requesting that the Board of Directors take action to permit written consent by shareholders consistent with applicable law was rejected to the following votes:

Votes FOR:

50,854,515

Votes AGAINST:

64,732,144

Votes ABSTAINED:

137,134

Broker Non-Votes:

6,601,303


About FLOWSERVE CORPORATION (NYSE:FLS)

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment. Its IPD designs, manufactures, distributes and services pre-configured engineered pumps and pump systems, including submersible motors, for industrial markets. Its FCD designs, manufactures, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment. Its product portfolio of pumps, valves, seals, automation and aftermarket services support infrastructure industries, including oil and gas, chemical, power generation and water management.

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