Boardroom Alpha
Meeting calendar
FLS · Annual meeting · Thursday, May 14, 2026

Flowserve Corp

9 nominees · 4 ballot items.

Elect nine directors; advisory 'say-on-pay' vote to approve executive compensation; ratify PricewaterhouseCoopers LLP as independent auditor; shareholder proposal requesting an annual advisory vote on stock repurchases (proposed by John Chevedden).

Market cap
$8.7B
1Y TSR
+37.1%
Board grade
B
Record date
Mar 17, 2026
Filing
DEF 14A
Meeting concluded · May 14, 2026

Follow how the vote landed and what changed on Flowserve Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot4

  1. 1

    Election of the 9 directors named in the proxy statement

    ManagementBoard: FOR

    Election of nine director nominees to serve until the 2027 annual meeting; nominees were selected by the Board and will reduce Board size to nine effective upon election.

  2. 2

    Advisory vote to approve the Company’s executive compensation (Say on Pay

    ManagementBoard: FOR

    A non-binding, advisory vote asking shareholders to approve the compensation of the Company’s named executive officers as described in the Executive Compensation section of the proxy statement.

    More detail

    This advisory 'Say on Pay' proposal asks shareholders to approve, on a non-binding basis, the compensation paid to the Company’s Named Executive Officers as disclosed in the proxy statement’s Executive Compensation section. Management is pursuing shareholder approval to validate and reinforce its compensation philosophy, which emphasizes pay-for-performance through a mix of annual incentives and long-term equity awards (RSUs and PSUs) tied to ROIC, free cash flow conversion and relative TSR, along with strategic discretionary modifiers. The board highlights robust governance features—independent oversight by the Organization & Compensation Committee, the retention of an independent compensation consultant, clawback policies, stock ownership guidelines, caps on payouts, and an emphasis on performance metrics designed to align executives with shareholder interests. Shareholders will thus be asked to ratify the design and outcomes of the 2025 program, including materially successful payouts tied to Company performance (e.g., significant PSU payouts for the 2023–2025 cycle). The management recommendation to vote FOR is justified by management and the Board on the basis that compensation was aligned with strong 2025 financial results, long-term incentive payouts reflected sustained ROIC and free cash flow improvements, and shareholder engagement has shown strong prior support (97% say-on-pay in 2025). Critics might view advisory approval as a limited mechanism since it is non-binding and does not constrain future Board action, but a FOR vote signals continued shareholder support for the Company’s compensation framework and its link to long-term value creation. In evaluating risk, investors should weigh the governance safeguards (clawbacks, independent consultant, committee oversight) against the potential for high realized pay in years of outperformance and the use of payout modifiers tied to rTSR. Given Flowserve’s recent operational improvements, substantial PSU realizations, and the Board’s emphasis on alignment, the Board’s recommendation reflects a view that the compensation program effectively motivates management to pursue sustainable value creation while controlling for excessive risk.

  3. 3

    Ratify the appointment of PricewaterhouseCoopers LLP as our independent auditor for 2026

    ManagementBoard: FOR

    Ratification of the Audit Committee’s selection of PwC as the Company’s independent registered public accounting firm for the 2026 fiscal year.

  4. 4

    Shareholder proposal requesting an annual advisory shareholder vote regarding the Company's stock repurchases

    Shareholder — John CheveddenBoard: AGAINST

    A shareholder-submitted proposal asking the Company to conduct an annual advisory shareholder vote on stock repurchases, to be presented on the same ballot as the say-on-pay vote.

Director elections

Nominees on the ballot9

Independent
Tenure on this board
7.8 yrs
Also a director at
Stanley Black & Decker Inc (SWK)
Not independent
Tenure on this board
9.3 yrs
Also a director at
Quanta Services Inc (PWR)
Independent
Tenure on this board
6.6 yrs
Also a director at
Proto Labs Inc (PRLB)Veeco Instruments Inc (VECO)
Independent
Tenure on this board
9.2 yrs
Also a director at
Dupont De Nemours Inc (DD)Thermo Fisher Scientific Inc (TMO)
Independent
Tenure on this board
7.8 yrs
Also a director at
Archer-daniels-midland Co (ADM)
Independent
Tenure on this board
3.3 yrs
Also a director at
Monro Inc (MNRO)
Ownership

Top institutional holders10

Latest 13F quarter
1BlackRock, Inc.5.3%6,725,063$494M
2VANGUARD PORTFOLIO MANAGEMENT LLC4.8%6,191,888$455M
3D1 Capital Partners L.P.4.6%5,874,441$432M
4VANGUARD CAPITAL MANAGEMENT LLC4.5%5,703,927$419M
5UBS Group AG3.2%4,147,642$305M
6STATE STREET CORP3.2%4,126,005$304M
7BlackRock, Inc.3.0%3,830,948$282M
8MASSACHUSETTS FINANCIAL SERVICES CO /MA/2.5%3,237,561$238M
9FMR LLC2.3%2,981,494$219M
10EARNEST PARTNERS LLC2.1%2,727,471$200M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Flowserve Corp 2026 annual meeting?
Flowserve Corp (FLS) holds its 2026 annual shareholder meeting on Thursday, May 14, 2026.
What is the record date for the Flowserve Corp 2026 meeting?
The record date for the Flowserve Corp 2026 meeting is Tuesday, March 17, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Flowserve Corp's 2026 meeting?
The board is presenting 9 director nominees at the Flowserve Corp 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Flowserve Corp 2026 meeting?
Shareholders will vote on 4 proposals at the Flowserve Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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