Xylem Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: XYL · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 1524472

Xylem Inc. DEF 14A Filing Summary
FieldDetail
CompanyXylem Inc. (XYL)
Form TypeDEF 14A
Filed DateApr 2, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1 billion
Sentimentneutral

Sentiment: neutral

Topics: Xylem Inc., XYL, DEF 14A, Proxy Statement, Executive Compensation

TL;DR

<b>Xylem Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending April 2, 2024.</b>

AI Summary

Xylem Inc. (XYL) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Xylem Inc. filed a Definitive Proxy Statement (DEF 14A) on April 2, 2024. The filing pertains to the company's reporting period ending April 2, 2024. Xylem Inc. is incorporated in Indiana and has its principal executive offices in Washington, DC. The company's Standard Industrial Classification code is 3561 (Pumps & Pump Equipment). The filing includes data related to executive compensation and equity awards for the years 2020-2023.

Why It Matters

For investors and stakeholders tracking Xylem Inc., this filing contains several important signals. This filing is a standard regulatory requirement for publicly traded companies, providing shareholders with information regarding corporate governance, executive compensation, and matters to be voted on at shareholder meetings. The detailed breakdown of equity awards and their valuations for key executives offers insight into the company's compensation strategy and its alignment with shareholder interests.

Risk Assessment

Risk Level: low — Xylem Inc. shows low risk based on this filing. The filing is a routine DEF 14A, containing standard disclosures and no immediate financial or operational news, thus posing a low risk.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on corporate governance and shareholder value.

Key Numbers

  • 2024-04-02 — Filing Date (Date the DEF 14A was filed)
  • 2024-04-02 — Period of Report (Reporting period end date)
  • 3561 — SIC Code (Pumps & Pump Equipment)

Key Players & Entities

  • Xylem Inc. (company) — Filer of the DEF 14A
  • ITT WCO, Inc. (company) — Former company name for Xylem Inc.

FAQ

When did Xylem Inc. file this DEF 14A?

Xylem Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Xylem Inc. (XYL).

Where can I read the original DEF 14A filing from Xylem Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Xylem Inc..

What are the key takeaways from Xylem Inc.'s DEF 14A?

Xylem Inc. filed this DEF 14A on April 2, 2024. Key takeaways: Xylem Inc. filed a Definitive Proxy Statement (DEF 14A) on April 2, 2024.. The filing pertains to the company's reporting period ending April 2, 2024.. Xylem Inc. is incorporated in Indiana and has its principal executive offices in Washington, DC..

Is Xylem Inc. a risky investment based on this filing?

Based on this DEF 14A, Xylem Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, containing standard disclosures and no immediate financial or operational news, thus posing a low risk.

What should investors do after reading Xylem Inc.'s DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does Xylem Inc. compare to its industry peers?

Xylem Inc. operates in the pumps and pumping equipment industry, a sector focused on water management and related technologies.

Are there regulatory concerns for Xylem Inc.?

As a publicly traded company, Xylem Inc. is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) to ensure transparency with shareholders.

Industry Context

Xylem Inc. operates in the pumps and pumping equipment industry, a sector focused on water management and related technologies.

Regulatory Implications

As a publicly traded company, Xylem Inc. is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) to ensure transparency with shareholders.

What Investors Should Do

  1. Analyze the executive compensation packages detailed in the filing.
  2. Review any proposals or resolutions presented for shareholder vote.
  3. Note the company's stated fiscal year end (December 31).

Key Dates

  • 2024-04-02: Filing of DEF 14A — Official filing date of the proxy statement

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document and does not represent a change from previous filings in terms of its nature.

Filing Stats: 4,435 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-04-02 12:14:30

Key Financial Figures

  • $1 billion — Goals; and our completion in 2020 of a $1 billion Green Bond offering, the proceeds of wh

Filing Documents

From the Filing

DEF 14A Table of Contents SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for the Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under 240.14a-12 Xylem Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Table of Contents Table of Contents Xylem Inc.2020 Proxy Statement Notice of Annual Meeting of Shareholders May 13, 202 Xylem Inc.2020 Proxy Statement Notice of Annual Meetig of Shareholders May 13, 202 Table of Contents 301 Water Street SE Washington, DC 20003 Dear Xylem Shareholders, The word "transformation" is overused in business, but the past year has been genuinely transformational for Xylem – positioning your company for its next phase of profitable growth and global impact. We: Joined forces with Evoqua, creating the world's most advanced platform of water capabilities, On behalf of the Board of Directors, we invite you to attend Xylem's 2024 Annual Meeting of Shareholders. The meeting will be held at 8:00 a.m. ET on May 16, 2024. It will be held entirely online via live webcast at: www.virtualshareholdermeeting.com/XYL2024 Partnered with Idrica to take its leading digital platform for water utilities global, and Evolved our leadership team, including smooth CEO and CFO transitions. In a year of excitement, our team remained squarely focused on serving our customers. And, each quarter, they outperformed expectations. Full-year 2023 revenue increased 33% and organic revenues 1 increased 12%. Net income margin and adjusted EBITDA margin 1 each expanded 190 basis points. And earnings per share grew 42%, while adjusted earnings per share 1 grew 20%. That kind of performance only comes when the whole Xylem team goes above and beyond to deliver for our customers and our communities. We are so proud of our colleagues – now 23,000 strong around the world – and all they achieved in 2023. With the team delivering such strong results, it might be tempting to wonder if perhaps we should just keep doing what we're doing. In one sense, yes. Our strategy has rewarded us with sector leadership, and our investment thesis has laid a robust foundation for continuing growth. Yet we see so much opportunity to build on that foundation, and so much value-creation potential ahead of us. Coming into 2024, our commitment to realizing that potential has redoubled our energy to drive above-market growth by: Capturing the full value of our combination with Evoqua Increasing productivity to accelerate margin expansion Scaling services enabled by digital Delivering sustainability for our customers and communities Capturing the synergies: A combination positioned for profitable growth in attractive markets When our acquisition of Evoqua closed in May of last year, it created a powerful platform of complementary capabilities to address customers' water challenges at global scale. It also positioned both legacy companies for growth in attractive new markets. The deal economics proved out on cost synergies alone, but the combination has always been far more about opportunity for growth. Now, with integration well on track, we are making the most of the combination. Xylem is more strongly positioned to help more customers solve more types of water challenges in more places than ever before. Our complementary solutions make Xylem a leader in the treatment technologies so vital to attractive industrial end-markets such as life sciences, food and beverage, renewable energy, and semiconductors. And we are now able to scale Evoqua's offerings by leveraging Xylem's global footprint to provide powerful new routes to market. Productivity for growth: Accelerating margin expansion by focusing on what matters We now have the most comprehensive portfolio in the sector, we have established positions in a wide range of end-markets, and we are present in more than 150 countries. Moreover, intensifying water challenges are set to drive continuing underlying demand. In other words, we have unprecedented opportunity for growth. But not all growth is equal. The breadth of our portfolio and the diversity of our end-markets represent potential complexity as well as opportunity – complexity that could drive cost and make it harder for customers to do business with us. So, we must cultivate simplification as a virtue. 1

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