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 17, 2017

 


 

WATTS WATER TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in its Charter)

 

DELAWARE

 

001-11499

 

04-2916536

(State or Other Jurisdiction

 

(Commission File Number)

 

(IRS Employer

of Incorporation)

 

 

 

Identification No.)

 

815 Chestnut Street, North Andover, Massachusetts 01845

(Address of Principal Executive Offices) (Zip Code)

 

(978) 688-1811

(Registrant’s telephone number, including area code)

 


 

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 (see General Instruction A.2. below):

 

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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 o

 

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. o

 

 

 



 

Item 5.07              Submission of Matters to a Vote of Security Holders

 

(a)           The 2017 Annual Meeting of Stockholders (the “2017 Annual Meeting”) of Watts Water Technologies, Inc. (the “Company”) was held on Wednesday, May 17, 2017.

 

(b)           The results of the voting on the proposals considered at the 2017 Annual Meeting were as follows:

 

1.             Election of Directors

 

Each of the following nine persons was elected as a Director of the Company for a term expiring at the Company’s 2018 Annual Meeting of Stockholders and until such Director’s successor is duly elected and qualified.

 

The voting results were as follows:

 

Director

 

Votes For

 

Votes Withheld

 

Broker Non-Votes

Robert L. Ayers

 

87,389,583

 

948,542

 

1,560,203

Christopher L. Conway

 

87,554,574

 

783,551

 

1,560,203

David A. Dunbar

 

87,609,396

 

728,729

 

1,560,203

Jes Munk Hansen

 

87,577,841

 

760,284

 

1,560,203

W. Craig Kissel

 

87,583,465

 

754,660

 

1,560,203

Joseph T. Noonan

 

88,025,800

 

312,325

 

1,560,203

Robert J. Pagano, Jr.

 

88,027,000

 

311,125

 

1,560,203

Merilee Raines

 

87,699,664

 

638,461

 

1,560,203

Joseph W. Reitmeier

 

87,583,213

 

754,912

 

1,560,203

 

2.             Advisory Vote on Named Executive Officer Compensation

 

The results of the non-binding advisory vote on the compensation paid to the Company’s named executive officers were as follows:

 

Number of votes cast for the proposal:

87,495,500

Number of votes cast against the proposal:

752,575

Number of abstentions:

90,050

Number of broker non-votes:

1,560,203

 

3.             Advisory Vote on the Frequency of Future Advisory Votes on Named Executive Officer Compensation

 

The results of the non-binding advisory vote on the frequency of future advisory votes to approve named executive officer compensation were as follows:

 

One Year:

83,669,731

Two Years:

10,551

Three Years:

4,515,111

Abstain:

142,732

Broker non-votes:

1,560,203

 

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4.             Ratification of Independent Registered Public Accounting Firm

 

The votes regarding the ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017 were as follows:

 

Number of votes cast for the proposal:

89,763,657

Number of votes cast against the proposal:

118,399

Number of abstentions:

16,272

Number of broker non-votes:

0

 

(d)           As indicated above, at the 2017 Annual Meeting, “One Year” received the highest number of votes cast on Proposal 3.  In accordance with the stockholder voting results, and consistent with the recommendation of the Company’s Board of Directors in the Proxy Statement for the 2017 Annual Meeting, the Company’s Board of Directors has determined that future advisory votes on named executive officer compensation will occur every year until the next required vote on the frequency of stockholder votes on the compensation of executives at the 2023 Annual Meeting of Stockholders.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 18, 2017

WATTS WATER TECHNOLOGIES, INC.

 

 

 

By:

/s/ Kenneth R. Lepage

 

 

Kenneth R. Lepage

 

 

General Counsel

 

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