Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Board of Directors (the “Board”) of Aris Water Solutions, Inc. (the “Company”) previously approved, subject to stockholder approval, an Amendment (the “Plan Amendment”) to the Aris Water Solutions, Inc. 2021 Equity Incentive Plan (the “Plan”) to increase the number of shares of common stock available for issuance thereunder by 5,750,000 shares of the Company’s Class A common stock. As further described below under Item 5.07 of this Current Report on Form 8-K, the Company’s stockholders approved the Plan Amendment at the Company’s 2024 Annual Meeting of Stockholders that was held on May 9, 2024 (the “Annual Meeting”). The Plan Amendment became effective as of May 9, 2024. The additional shares of the Company’s Class A common stock authorized to be issued under the Plan pursuant to the Plan Amendment will be registered pursuant to a Registration Statement on Form S-8.
The Plan Amendment is described in more detail in the section titled “Proposal Two — Amend the Aris Water Solutions, Inc. 2021 Equity Incentive Plan” in the Company’s definitive proxy statement for the Annual Meeting, which was filed with the U.S. Securities and Exchange Commission on March 28, 2024 (the “Proxy Statement”), and such description is incorporated herein by reference.
The foregoing description of the Plan Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders.
At the Annual Meeting, the Company’s stockholders were asked to (i) elect three Class III Directors to serve on the Board until the Company’s 2027 Annual Meeting of Stockholders, (ii) approve the Plan Amendment, and (iii) ratify the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. Each of these items is more fully described in the Proxy Statement. The results of the matters voted upon at the Annual Meeting are set forth below:
Proposal No. 1 - Election of Directors: The Company’s stockholders elected the three individuals listed below to serve as Class III Directors of the Company until the Company’s 2027 Annual Meeting of Stockholders. The voting results were as follows:
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|
|
|
|
|
|
| Nominee |
|
For |
|
Withheld |
|
Broker Non-Votes |
| Andrew O’Brien |
|
45,486,075 |
|
5,490,660 |
|
2,930,819 |
| Donald C. Templin |
|
44,958,082 |
|
6,018,653 |
|
2,930,819 |
| M. Max Yzaguirre |
|
40,984,767 |
|
9,991,968 |
|
2,930,819 |
Proposal No. 2 – Amendment to the Aris Water Solutions, Inc. 2021 Equity Incentive Plan: The Company’s stockholders approved the Plan Amendment. The voting results were as follows:
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|
|
|
|
|
|
| For |
|
Against |
|
Abstain |
|
Broker Non-Votes |
| 39,313,578 |
|
11,631,740 |
|
31,417 |
|
2,930,819 |