false 0001599617 0001599617 2024-05-22 2024-05-22

 

 

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) May 22, 2024

 

 

DNOW INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-36325   46-4191184

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

7402 North Eldridge Parkway

Houston, Texas

   77041
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: 281-823-4700

(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:

 

☐

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

Symbol(s)

  

Name of each exchange

on which registered

Common Stock, par value $0.01   DNOW   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

On May 22, 2024, DNOW Inc. (the “Company”) held its Annual Meeting of Stockholders where the following matters were voted upon and approved by the Company’s stockholders:

 

1.

the election of eight members to the Board of Directors;

 

2.

the approval of the 2024 Long-Term Incentive Plan;

 

3.

the ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2024; and

 

4.

the approval, on an advisory basis, of the compensation of our named executive officers.

The following is a summary of the voting results for each matter presented to the Company’s stockholders:

 

1. Election of directors:    FOR      AGAINST      ABSTAIN      BROKER
NON-VOTES		  

Richard Alario

      90,365,691        4,100,751        44,343        5,273,402  

Terry Bonno

      93,650,152        801,642        58,991        5,273,402  

David Cherechinsky

      93,898,890        539,453        72,442        5,273,402  

Galen Cobb

      93,825,356        639,279        46,150        5,273,402  

Paul Coppinger

      91,025,892        3,440,480        44,413        5,273,402  

Karen David-Green

      93,918,149        547,891        44,745        5,273,402  

Rodney Eads

      93,674,657        766,084        70,044        5,273,402  

Sonya Reed

      91,654,645        2,811,246        44,894        5,273,402  

The eight directors nominated by the Board of Directors were re-elected to serve a one-year term expiring in 2025. There were no nominees to office other than the directors elected.

 

     FOR    AGAINST    ABSTAIN    BROKER
NON-VOTES

2. Approval of the 2024 Long-Term Incentive Plan

    89,201,290    5,247,238    62,257    5,273,402

 

     FOR    AGAINST    ABSTAIN    BROKER
NON-VOTES

3. Ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2024

    97,990,447    1,728,725    65,015    0

 

     FOR    AGAINST    ABSTAIN    BROKER
NON-VOTES

4. Approval of the compensation of the Company’s named executive officers

    89,535,530    4,943,477    31,778    5,273,402

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.

 

Date: May 22, 2024        DNOW INC.
     

/s/ Raymond W. Chang

      Raymond W. Chang
      Vice President & General Counsel
v3.24.1.1.u2
Document and Entity Information
May 22, 2024
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001599617
Document Type 8-K
Document Period End Date May 22, 2024
Entity Registrant Name DNOW INC.
Entity Incorporation State Country Code DE
Entity File Number 001-36325
Entity Tax Identification Number 46-4191184
Entity Address, Address Line One 7402 North Eldridge Parkway
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77041
City Area Code 281
Local Phone Number 823-4700
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.01
Trading Symbol DNOW
Security Exchange Name NYSE
Entity Emerging Growth Company false
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