Pure Cycle Files 8-K on Shareholder Vote Submission
Ticker: PCYO · Form: 8-K · Filed: 2024-01-19T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, 8-K
TL;DR
**Pure Cycle just filed an 8-K about a shareholder vote, signaling routine corporate governance.**
AI Summary
Pure Cycle Corporation filed an 8-K on January 19, 2024, reporting on matters submitted to a vote of security holders on January 17, 2024. This filing indicates that the company held a shareholder vote, which is a routine corporate governance event. For investors, this matters because the outcomes of such votes, though not detailed in this specific filing, can impact the company's strategic direction, board composition, or other key operational aspects, potentially affecting future stock performance.
Why It Matters
This filing signals that Pure Cycle Corporation has completed a shareholder vote, a standard corporate governance activity. While the specific results aren't disclosed here, the outcomes of such votes can influence the company's future operations and strategic decisions.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a shareholder vote submission, which is a standard corporate governance event and does not inherently indicate new risks.
Analyst Insight
Investors should monitor subsequent filings or company announcements for the specific results of the shareholder vote, as these outcomes could influence future company strategy or governance. This filing itself is a procedural update.
Key Numbers
- 0000276720 — Central Index Key (CIK) (Unique identifier for Pure Cycle Corp with the SEC)
- 20240117 — Conformed Period of Report (The date of the event being reported in the 8-K)
- 20240119 — Filed As Of Date (The date the 8-K was officially filed with the SEC)
- 3032923456 — Business Phone (Contact number for Pure Cycle Corp)
Key Players & Entities
- PURE CYCLE CORPORATION (company) — the registrant filing the 8-K
- January 17, 2024 (date) — date of the earliest event reported
- January 19, 2024 (date) — date the 8-K was filed
- Colorado (company) — state of incorporation for Pure Cycle Corporation
- 0-8814 (dollar_amount) — Commission File Number
- 84-0705083 (dollar_amount) — IRS Employer Identification No.
- PCYO (company) — trading symbol on The NASDAQ Stock Market
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 17, 2024, which was the date of the submission of matters to a vote of security holders.
What is the trading symbol and exchange for Pure Cycle Corporation's Common Stock?
Pure Cycle Corporation's Common Stock trades under the symbol PCYO on The NASDAQ Stock Market.
What is the primary business address of Pure Cycle Corporation?
The primary business address of Pure Cycle Corporation is 34501 East Quincy Avenue, Building 34, Box 10, Watkins, CO 80137.
What is the purpose of an 8-K filing, as indicated by the 'Item Information' in this document?
The 'Item Information' in this 8-K indicates that it is for 'Submission of Matters to a Vote of Security Holders' and 'Financial Statements and Exhibits', signifying a report on significant events that shareholders voted on and related financial disclosures.
What is Pure Cycle Corporation's state of incorporation and its Standard Industrial Classification (SIC) code?
Pure Cycle Corporation is incorporated in Colorado, and its Standard Industrial Classification (SIC) is 4941, which corresponds to 'WATER SUPPLY'.
Filing Stats: 627 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-01-19 16:00:19
Filing Documents
- pcyo-20240117x8k.htm (8-K) — 57KB
- pcyo-20240117xex10.htm (EX-10) — 150KB
- 0001558370-24-000382.txt ( ) — 353KB
- pcyo-20240117.xsd (EX-101.SCH) — 3KB
- pcyo-20240117_lab.xml (EX-101.LAB) — 15KB
- pcyo-20240117_pre.xml (EX-101.PRE) — 9KB
- pcyo-20240117x8k_htm.xml (XML) — 5KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The Registrant held its annual meeting of shareholders on January 17, 2024. Holders of 24,085,720 shares of common stock outstanding on November 17, 2023, were entitled to vote at the meeting, of which 23,582,696 shares, or 97.9% of those entitled to vote, were present in person or by proxy at the meeting. The results of the matters voted upon and approved at the meeting are as follows: 1. Election of Directors. Broker For Withheld Non-Votes Mark W. Harding 16,226,878 699,447 6,656,371 Patrick J. Beirne 16,207,353 718,972 6,656,371 Wanda J. Abel 13,138,060 3,788,265 6,656,371 Frederick A. Fendel III 16,223,607 702,718 6,656,371 Peter C. Howell 16,071,558 854,767 6,656,371 Daniel R. Kozlowski 14,575,049 2,351,276 6,656,371 Jeffrey G. Sheets 14,399,551 2,526,774 6,656,371 2. For the ratification of the appointment of FORVIS, LLP as the Registrant's independent registered public accounting firm for the 2024 fiscal year. For Against Abstain Broker Non-Votes 23,157,168 40,276 385,252 - 3. For the approval, on an advisory basis, of executive compensation. For Against Abstain Broker Non-Votes 16,381,571 133,657 411,097 6,656,371 4. For the approval of the Pure Cycle Corporation 2024 Equity Incentive Plan. For Against Abstain Broker Non-Votes 10,624,222 5,839,056 463,047 6,656,371
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Pure Cycle Corporation 2024 Equity Incentive Plan 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 19, 2024 PURE CYCLE CORPORATION By: /s/ Marc Spezialy Marc Spezialy Vice President and Chief Financial Officer