WaterBridge (NYSE: WBI) investors back directors, Deloitte and annual say-on-pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
WaterBridge Infrastructure LLC reported results of its 2026 annual shareholder meeting. As of the April 23, 2026 record date, the company had 47,016,059 Class A shares and 76,440,150 Class B shares outstanding, with 112,290,709 common shares represented, about 90.95% of voting power, establishing a quorum.
Shareholders elected all 13 director nominees to serve until the 2027 annual meeting. They also ratified Deloitte & Touche LLP as independent auditor for the year ending December 31, 2026, with 112,126,827 votes for and 152,412 against.
On a non-binding basis, shareholders approved compensation for the named executive officers, with 107,003,160 votes for and 113,269 against. They also supported holding future advisory votes on executive compensation every year, with 105,442,714 votes favoring an annual frequency, and the board adopted this one-year schedule.
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
Class A shares outstanding: 47,016,059 shares
Class B shares outstanding: 76,440,150 shares
Shares represented at meeting: 112,290,709 shares
+4 more
7 metrics
Class A shares outstanding
47,016,059 shares
As of April 23, 2026 record date
Class B shares outstanding
76,440,150 shares
As of April 23, 2026 record date
Shares represented at meeting
112,290,709 shares
Common shares represented; about 90.95% voting power
Auditor ratification votes for
112,126,827 votes
Ratification of Deloitte & Touche for FY ending December 31, 2026
Say-on-pay votes for
107,003,160 votes
Advisory approval of named executive officer compensation
One-year frequency support
105,442,714 votes
Preference for annual say-on-pay frequency
Highest director support example
106,949,257 votes for
Election of director nominee Valerie P. Chase
Key Terms
broker non-votes, non-binding, advisory basis, Inspector of Election, quorum, +1 more
5 terms
broker non-votes financial
"Director Nominee | Votes For | Votes Withheld | 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.
non-binding, advisory basis financial
"approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers"
A non-binding, advisory basis means a recommendation or decision that carries no legal force and does not obligate the parties to act; it’s similar to a friendly suggestion rather than a signed promise. For investors, this matters because such guidance can influence market expectations and management plans but offers no guarantee of follow-through, so investors should treat it as informative input rather than a firm commitment.
Inspector of Election regulatory
"A summary of the voting results, as certified by the Inspector of Election for the 2026 Annual Meeting"
An inspector of election is an independent individual or firm appointed to oversee and verify a company’s shareholder vote, acting like a neutral referee who counts ballots, confirms voter eligibility, and certifies the official results. Investors care because the inspector’s work ensures votes on key issues — such as board members, mergers or executive pay — are tallied fairly and accurately, which protects shareholder rights and preserves confidence in corporate governance.
quorum regulatory
"which represented approximately 90.95% of the total voting power of the Company, thereby constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
independent registered public accounting firm financial
"ratify 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.
FAQ
What was the result of WaterBridge (WBI)'s say-on-pay vote for named executive officers?
Shareholders approved, on a non-binding basis, the compensation of WaterBridge’s named executive officers, with 107,003,160 votes for, 113,269 against, and 29,431 abstentions. Broker non-votes totaled 5,144,849, but did not prevent the advisory say-on-pay proposal from receiving majority support.
How often will WaterBridge (WBI) hold future advisory votes on executive pay?
Shareholders favored an annual advisory vote on executive compensation, with 105,442,714 votes for one year, 1,650,854 for two years, 21,957 for three years, and 30,335 abstentions. The board decided to hold say-on-pay votes every year until shareholders next vote on frequency.