On May 13, 2025, Xylem Inc. (NYSE: XYL), a leading global water technology company, held its 2025 Annual Meeting of Shareholders. Notably, 215.8 million shares were represented, accounting for an impressive 88.68% of the company’s outstanding common stock as of the March 17, 2025 record date. This high shareholder engagement underscores confidence in Xylem’s strategic direction.
The primary outcome was the election of nine directors to serve one-year terms, signaling stability in corporate governance. Key re-elected directors include Earl R. Ellis and Lisa Glatch, with over 200 million votes in favor, reflecting strong shareholder endorsement.
Shareholders ratified Deloitte & Touche LLP as Xylem’s independent registered public accounting firm for 2025 by an overwhelming majority of 208.1 million votes. Additionally, an advisory vote on executive compensation was approved with 178.8 million affirmative votes, aligning management interests with shareholder value creation.
A notable shareholder proposal aimed at improving special shareholder meetings did not pass, receiving only 94.6 million votes in favor versus 110.8 million against.
From a financial perspective, Xylem reported total revenue of \(8.56 billion and net income of \)890 million for the fiscal year 2024, indicating robust business health. Recent earnings commentary by CFO William Grogan highlighted strong order momentum across all segments in Q4 2024 and forecasted growth in the Applied Water segment in 2025, especially within developed markets such as the United States.
This annual meeting outcome, coupled with strong financial performance, suggests continued strategic execution and financial stability for Xylem going forward.
Source Document: https://sec.gov/Archives/edgar/data/1524472/000152447225000025/xyl-20250513.htm
Tags: XYL, Xylem Inc, Q2 2025, shareholder voting outcomes, corporate governance, water technology sector