Flowserve Corporation | Shareholder Say on Stock Repurchases at Flowserve Corporation

Status
Filed
Previous AGM date
Resolution details
Company ticker
FLS
Lead filer
John Chevedden
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
United States
Resolved clause
RESOLVED : Shareholders ask Flowserve (FLS) to conduct an annual advisory shareholder vote regarding Flowserve stock repurchases on the same ballot that Flowserve uses for its Say on Executive Pay Proposal.  
Supporting statement
Stock repurchases have become more common in recent years and surpassed dividends 20-years ago in dollar amount. Downsides of stock repurchases include using cash that could be invested in growth and artificially inflating earnings per share (EPS) to boost executive pay. Stock repurchases can also signal a lack of future growth prospects, and companies may use debt to finance them, potentially creating financial instability. FLS repurchased over $140 million worth of shares during Q3 2025 alone. As of October 2025, FLS had $200 million of authorization still available under its share repurchase plan.

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