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UNITED STATES

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 9, 2023

 

SPX TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

1-6948

88-3567996

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

6325 Ardrey Kell Road, Suite 400,

Charlotte, North Carolina 28277

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code  (980) 474-3700

 

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:

 

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

 

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

 

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

 

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

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbols(s)			Name of each exchange on which registered
Common Stock, par value $0.01			SPXC			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

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. ☐

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Item 5.07.    Submission of Matters to a Vote of Security Holders.

SPX Technologies, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders (the “Annual Meeting”) on May 9, 2023. At the Annual Meeting, the proposals listed below were submitted to a vote of the stockholders. The proposals are described in the Company’s definitive proxy statement for the Annual Meeting as filed with the Securities and Exchange Commission on March 28, 2023 (the “2023 Proxy Statement”). The voting results for each proposal are set forth below.

As of the record date for the Annual Meeting, there were 45,538,397 shares of common stock outstanding and entitled to vote on each matter presented at the Annual Meeting. At the Annual Meeting, 40,651,612 shares of common stock, or approximately 89% of the outstanding shares of common stock entitled to vote, were represented in person or by proxy.

Proposal 1: The Company’s stockholders elected the following nominees named in the 2023 Proxy Statement to serve as directors until the 2026 Annual Meeting of Stockholders or until a successor is duly elected and qualified. The results of the vote were as follows:

Director Nominee						For						Against						Abstain						Broker Non-Votes
Ricky D. Puckett						36,931,812						2,127,069						57,673						1,535,058
Meenal A. Sethna						37,779,278						1,287,716						49,560						1,535,058
Tana L. Utley						37,226,707						1,827,169						62,678						1,535,058

Proposal 2: The Company’s stockholders approved the Company’s named executive officers’ compensation as disclosed in the 2023 Proxy Statement, on a non-binding advisory basis. The results of the vote were as follows:

						For						Against						Abstain						Broker Non-Votes
						33,774,443						4,981,693						360,418						1,535,058

Proposal 3: The Company’s stockholders recommended annual (1 Year) frequency of future advisory votes on the Company’s named executive officers’ compensation, on a non-binding advisory basis. The results of the vote were as follows:

						1 Year						2 Years						3 Years						Abstain						Broker Non-Votes
						37,130,177						79,039						1,595,284						312,054						1,535,058

Consistent with the results of this advisory vote on the frequency of future advisory votes on the compensation of the Company’s named executive officers, the Company’s Board of Directors has made the determination to continue to hold the advisory vote on the compensation of the Company’s named executive officers on an annual basis.

Proposal 4: The Company’s stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023. The results of the vote were as follows:

						For						Against						Abstain						Broker Non-Votes
						39,602,264						935,408						113,940						—

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SIGNATURES

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

			SPX TECHNOLOGIES, INC.
			(Registrant)
Date: May 9, 2023			By:			/s/ John W. Nurkin
						John W. Nurkin
						Vice President, General Counsel and Secretary

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