Flowserve Corp DEF 14A: Executive Pay & Shareholder Votes
Ticker: FLS · Form: DEF 14A · Filed: 2025-04-02T00:00:00.000Z
Sentiment: neutral
Topics: proxy-statement, executive-compensation, corporate-governance
TL;DR
Flowserve's proxy statement is out - check exec pay and vote on proposals.
AI Summary
Flowserve Corp filed its DEF 14A on April 2, 2025, detailing executive compensation and corporate governance for the fiscal year ending December 31, 2024. The filing includes information on equity awards, pension changes, and the fair value of equity awards granted. Key executives and their compensation packages are outlined, alongside proposals for shareholder votes.
Why It Matters
This filing provides crucial insights into how Flowserve Corp compensates its top executives and outlines proposals that shareholders will vote on, impacting the company's future direction and governance.
Risk Assessment
Risk Level: medium — DEF 14A filings can reveal executive compensation details and governance proposals that may indicate potential risks or opportunities for investors.
Key Numbers
- 20250402 — Filing Date (Date the DEF 14A was filed with the SEC.)
- 20250516 — Period of Report (The period this filing pertains to.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- Flowserve Corp (company) — Filer of the DEF 14A
- DURCO INTERNATIONAL INC (company) — Former company name
- DURIRON CO INC (company) — Former company name
- THE DURIRON CO INC (company) — Former company name
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors, executive compensation, and other proposals.
When is Flowserve Corp's fiscal year end?
Flowserve Corp's fiscal year ends on December 31st, as indicated in the filing.
What information is typically found in a DEF 14A filing regarding compensation?
DEF 14A filings typically include detailed information about the compensation of the company's named executive officers, including salary, bonuses, stock awards, option awards, and other benefits.
What does the filing indicate about Flowserve Corp's former names?
The filing indicates that Flowserve Corp was formerly known as DURCO INTERNATIONAL INC, DURIRON CO INC, and THE DURIRON CO INC, with name changes occurring in 1997, 1992, and 1990 respectively.
What are some of the key data points related to executive compensation mentioned in the filing's XBRL tags?
The filing includes XBRL tags related to 'ReportedValueOfEquityAwardsMember', 'EquityAwardAdjustmentsMember', 'ReportedValueOfChangeInPensionMember', 'ChangeInPensionAdjustmentsMember', and 'YearEndFairValueOfEquityAwardsGrantedInTheYearMember' for the period of January 1, 2024, to December 31, 2024.
From the Filing
0001308179-25-000353.txt : 20250402 0001308179-25-000353.hdr.sgml : 20250402 20250402160626 ACCESSION NUMBER: 0001308179-25-000353 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 173 CONFORMED PERIOD OF REPORT: 20250516 FILED AS OF DATE: 20250402 DATE AS OF CHANGE: 20250402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOWSERVE CORP CENTRAL INDEX KEY: 0000030625 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] ORGANIZATION NAME: 06 Technology EIN: 310267900 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13179 FILM NUMBER: 25804387 BUSINESS ADDRESS: STREET 1: 5215 N. O'CONNOR BLVD. STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9724436500 MAIL ADDRESS: STREET 1: 5215 N. O'CONNOR BLVD. STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: DURCO INTERNATIONAL INC DATE OF NAME CHANGE: 19970508 FORMER COMPANY: FORMER CONFORMED NAME: DURIRON CO INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: THE DURIRON CO INC DATE OF NAME CHANGE: 19900509 DEF 14A 1 fls013554-def14a.htm DEFINITIVE PROXY STATEMENT Flowserve Corp - DEF 14A false 0000030625 DEF 14A 0000030625 2024-01-01 2024-12-31 0000030625 2020-01-01 2024-12-31 0000030625 2023-01-01 2023-12-31 0000030625 2020-01-01 2023-12-31 0000030625 2022-01-01 2022-12-31 0000030625 2020-01-01 2022-12-31 0000030625 2021-01-01 2021-12-31 0000030625 2020-01-01 2021-12-31 0000030625 2020-01-01 2020-12-31 0000030625 fls:ReportedValueOfEquityAwardsMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:EquityAwardAdjustmentsMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:ReportedValueOfChangeInPensionMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:ChangeInPensionAdjustmentsMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:YearEndFairValueOfEquityAwardsGrantedInTheYearMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:YearOverYearChangeInFairValueOfoutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:ChangeFromPriorYearEndToVestingDateInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:TotalEquityAwardAdjustmentsMember ecd:PeoMember 2024-01-01 2024-12-31 0000030625 fls:AverageReportedValueOfEquityAwardsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:AverageEquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:AverageReportedValueOfChangeInPensionMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:AverageChangeInPensionAdjustmentsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:AverageYearEndFairValueOfEquityAwardsGrantedInTheYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:YearOverYearAverageChangeInFairValueOfOutstandingAndUnvestedEquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:ChangeFromPriorYearEndToVestingDateInFairValueOfEquityAwardsGrantedInPriorYearsThatVestedInTheYearMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 fls:TotalAverageEquityAwardAdjustmentsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0000030625 1 2024-01-01 2024-12-31 0000030625 2 2024-01-01 2024-12-31 0000030625 3 2024-01-01 2024-12-31 0000030625 4 2024-01-01 2024-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) ☑ Filed by the Registrant ☐ Filed by a party other than the Registrant       CHECK THE APPROPRIATE BOX: ☐   Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☑ Definitive Proxy Statement &