WATSCO INC false 0000105016 0000105016 2024-06-03 2024-06-03 0000105016 us-gaap:CommonStockMember 2024-06-03 2024-06-03 0000105016 us-gaap:CommonClassBMember 2024-06-03 2024-06-03

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 3, 2024

 

 

 

LOGO

WATSCO, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Florida   1-5581   59-0778222
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

 

2665 South Bayshore Drive, Suite 901  
Miami, Florida   33133
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (305) 714-4100

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbols

  

Name of each exchange
on which registered

Common stock, $0.50 par value   WSO   New York Stock Exchange
Class B common stock, $0.50 par value   WSOB   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

Watsco, Inc., a Florida corporation (the “Company”), held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) on June 3, 2024. The final voting results for the proposals submitted to a vote of the Company’s shareholders at the Annual Meeting are as follows:

Proposal 1. As set forth in the table that follows, (1) election of one director to serve as a Common stock director by Common shareholders voting as a single class and (2) election of two Class B Common stock directors by Class B Common shareholders voting as a single class:

 

Nominee

    Term Expires      Votes For      Votes
Against		      Abstentions      Broker
Non-Votes		  

Common Stock:

               

Barry S. Logan

      2027        21,851,466        7,943,948        30,807        1,707,338  

Class B Common Stock:

               

Aaron J. Nahmad

      2027        51,080,460        134,140        8,270        2,051,430  

Albert H. Nahmad

      2027        51,080,690        133,910        8,270        2,051,430  

Proposal 2. Approval of a non-binding advisory resolution regarding the compensation of the Company’s named executive officers. The combined vote of the Company’s Common and Class B common stock was as follows:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

65,576,837

   15,417,207   55,047   3,758,768

Proposal 3. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2024 fiscal year. The combined vote of the Company’s Common and Class B common stock was as follows:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

84,565,764

   205,823   36,272   —

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    WATSCO, INC.
Dated: June 6, 2024     By:  

/s/ Ana M. Menendez

    Ana M. Menendez,
    Chief Financial Officer
v3.24.1.1.u2
Document and Entity Information
Jun. 03, 2024
Document And Entity Information [Line Items]  
Entity Registrant Name WATSCO INC
Amendment Flag false
Entity Central Index Key 0000105016
Document Type 8-K
Document Period End Date Jun. 03, 2024
Entity Incorporation State Country Code FL
Entity File Number 1-5581
Entity Tax Identification Number 59-0778222
Entity Address, Address Line One 2665 South Bayshore Drive
Entity Address, Address Line Two Suite 901
Entity Address, City or Town Miami
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33133
City Area Code (305)
Local Phone Number 714-4100
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Common stock, $0.50 par value
Trading Symbol WSO
Security Exchange Name NYSE
Common Class B [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Class B common stock, $0.50 par value
Trading Symbol WSOB
Security Exchange Name NYSE
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