Franklin Electric (FELE) shareholders back board, auditor and annual say-on-pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Franklin Electric Co., Inc. reported the results of its 2026 annual shareholder meeting held on May 8, 2026. There were 44,165,235 shares entitled to vote and 41,159,908 shares were represented, a turnout of 93.19%.
Shareholders elected Victor D. Grizzle and Alok Maskara as directors for terms expiring at the 2029 annual meeting. Grizzle received 34,681,750 votes for, and Maskara received 36,788,630 votes for.
Shareholders ratified Deloitte & Touche LLP as independent registered public accounting firm for the 2026 fiscal year, with 37,632,083 votes for. They also approved, on an advisory basis, executive compensation (37,480,520 votes for) and expressed a preference for annual advisory votes on compensation, with 36,105,057 votes for the 1‑year frequency.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares entitled to vote: 44,165,235 shares
Shares represented: 41,159,908 shares
Votes for Maskara: 36,788,630 votes
+3 more
6 metrics
Shares entitled to vote
44,165,235 shares
2026 annual meeting
Shares represented
41,159,908 shares
2026 annual meeting (93.19% turnout)
Votes for Maskara
36,788,630 votes
Election of director Alok Maskara
Auditor ratification votes for
37,632,083 votes
Deloitte & Touche LLP for 2026 fiscal year
Say-on-pay votes for
37,480,520 votes
Advisory vote on executive compensation
1-year frequency votes
36,105,057 votes
Advisory vote on frequency of say-on-pay
Key Terms
broker non-votes, advisory vote, independent registered public accounting firm, emerging growth company
4 terms
broker non-votes financial
"Nominees | Votes For | Votes Against | Abstentions | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
advisory vote financial
"Advisory Vote on Executive Compensation To consider, on an advisory basis, the executive compensation"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
independent registered public accounting firm financial
"ratification of the Appointment of Deloitte & Touche LLP as the Company's Independent Registered Public Accounting Firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
emerging growth company regulatory
"Emerging growth company Item 5.07. Submission of Matters to a Vote of Security Holders"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
Which directors were elected at Franklin Electric (FELE)'s 2026 annual meeting?
Shareholders elected Victor D. Grizzle and Alok Maskara as directors for terms expiring at the 2029 annual meeting. Grizzle received 34,681,750 votes for, while Maskara received 36,788,630 votes for, with broker non-votes recorded in each case.
What key governance matters were decided at Franklin Electric (FELE)'s 2026 meeting?
Shareholders elected two directors, ratified Deloitte & Touche LLP as 2026 independent auditor, approved an advisory vote on executive compensation, and held an advisory vote on the frequency of future compensation votes, with strong support for an annual (1‑year) say-on-pay schedule.