Watsco (NYSE: WSO) shareholders back pay plan and ratify Deloitte at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Watsco, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Shareholders elected Ana Lopez-Blazquez as a Common stock director and Cesar L. Alvarez and Denise Dickins as Class B Common stock directors, each with terms expiring in 2029.
Shareholders approved a non-binding advisory resolution on executive compensation, with 80,839,936 votes for and 2,969,397 against. They also ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the 2026 fiscal year, with 86,731,800 votes for and 9,111 against.
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
Votes for Lopez-Blazquez: 24,485,246 votes
Votes for Alvarez: 53,231,431 votes
Votes for Dickins: 53,242,653 votes
+4 more
7 metrics
Votes for Lopez-Blazquez
24,485,246 votes
Election as Common stock director, term expiring 2029
Votes for Alvarez
53,231,431 votes
Election as Class B Common stock director, term expiring 2029
Votes for Dickins
53,242,653 votes
Election as Class B Common stock director, term expiring 2029
Say-on-pay support
80,839,936 votes for
Non-binding advisory vote on executive compensation
Say-on-pay opposition
2,969,397 votes against
Non-binding advisory vote on executive compensation
Auditor ratification support
86,731,800 votes for
Ratification of Deloitte & Touche LLP for 2026 fiscal year
Auditor ratification opposition
9,111 votes against
Ratification of Deloitte & Touche LLP for 2026 fiscal year
Key Terms
non-binding advisory resolution, broker non-votes, independent registered public accounting firm, Class B common stock, +1 more
5 terms
non-binding advisory resolution financial
"Approval of a non-binding advisory resolution regarding the compensation of the Company’s named executive officers."
A non-binding advisory resolution is a shareholder vote that expresses investors’ opinion or recommendation but does not legally force the company to act. Think of it like a public survey: management can ignore it, but a strong vote for or against signals investor sentiment, can sway board behavior or policy decisions, and may influence market perception and future, potentially binding, actions.
broker non-votes financial
"Votes For | Votes Against | Abstentions | Broker Non-Votes 80,839,936 | 2,969,397 | 125,790 | 2,870,337"
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.
independent registered public accounting firm financial
"Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year."
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.
Class B common stock financial
"Class B common stock, $0.50 par value | | WSOB | | New York Stock Exchange"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
Were Watsco (WSO) director nominees elected at the 2026 Annual Meeting?
Yes. Ana Lopez-Blazquez was elected as a Common stock director, and Cesar L. Alvarez and Denise Dickins were elected as Class B Common stock directors. Each was elected to serve terms expiring in 2029 based on shareholder voting support reported in the results.
What were the vote totals for Watsco’s (WSO) say-on-pay proposal in 2026?
The say-on-pay proposal received 80,839,936 votes for and 2,969,397 votes against. There were 125,790 abstentions and 2,870,337 broker non-votes, reflecting the combined voting power of the company’s Common and Class B common stock at the Annual Meeting.
How strong was support for Watsco’s (WSO) auditor ratification in 2026?
Support was high, with 86,731,800 votes for the ratification of Deloitte & Touche LLP. Only 9,111 votes were cast against, and 64,545 abstentions were recorded, with no broker non-votes listed for this auditor ratification proposal at the Annual Meeting.