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Get filing alertsWatsco shareholders approve director slate, executive pay, and auditor at annual meeting
Filed June 3, 2026 · Period ending June 1, 2026 · ~1 min read
Key Changes
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Three directors elected to serve through 2029: Ana Lopez-Blazquez (Common stock director) and Cesar Alvarez and Denise Dickins (Class B directors). Lopez-Blazquez faced notable opposition with 20% of votes cast against.
Item 5.07 verify on EDGAR → -
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Executive compensation approved in advisory vote with 96% support (80.8M for vs 3.0M against), indicating shareholder satisfaction with management pay practices.
Item 5.07 verify on EDGAR → -
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Deloitte & Touche LLP ratified as independent auditor for fiscal 2026 with 99.9% approval, maintaining continuity in external audit relationship.
Item 5.07 verify on EDGAR →
Summary
Watsco held its 2026 Annual Meeting on June 1st with routine governance matters receiving broad shareholder support. The company's Class A common stock capital structure (full multi-class details, if any, are in the charter exhibit / prospectus — not disclosed in this filing body) resulted in separate director elections, with Class B shareholders overwhelmingly backing Cesar Alvarez and Denise Dickins (99.8% approval each), while Common shareholders elected Ana Lopez-Blazquez with 80% support—a lower but still comfortable margin. For retail investors, this filing signals business as usual with no governance controversies.
The strong say-on-pay vote (96% approval) suggests shareholders are satisfied with executive compensation alignment. The near-unanimous auditor ratification maintains the status quo with Deloitte. Watch for the company's proxy statement later this year, which will detail any changes to board composition, committee assignments, or executive compensation structure that might affect long-term governance quality.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Watsco held its 2026 Annual Meeting on June 1, 2026, with shareholders voting on director elections, executive compensation, and auditor ratification.
Show 2 minor / wording changes
Added in current filing · verify on EDGAR →
Proposal 1. As set forth in the table that follows, (1) election of one director to serve as a Common stock director by Common shareholders voting as a single class and (2) election of two Class B Common stock directors by Class B common shareholders voting as a single class: Nominee | Term Expires | Votes For | Votes Against | Abstentions | Broker Non-Votes | Common Stock: | Ana Lopez-Blazquez | 2029 | 24,485,246 | 6,076,578 | 17,619 | 1,629,623 | Class B Common Stock: Cesar L. Alvarez 2029 | 53,231,431 | 111,874 | 12,375 | 1,240,714 | Denise Dickins | 2029 | 53,242,653 | 113,027 | - | 1,240,714
Shareholders elected three directors at the Annual Meeting. Ana Lopez-Blazquez was elected as a Common stock director with 24,485,246 votes for and 6,076,578 against, serving until 2029. Cesar L. Alvarez and Denise Dickins were elected as Class B Common stock directors with 53,231,431 and 53,242,653 votes for respectively, both serving until 2029.
Added in current filing · verify on EDGAR →
Proposal 3. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year. The combined vote of the Company’s Common and Class B common stock was as follows: Votes For | Votes Against | Abstentions | Broker Non-Votes | 86,731,800 | 9,111 | 64,545 | -
Shareholders ratified the appointment of Deloitte & Touche LLP as the company's independent auditor for fiscal 2026 with 86,731,800 votes for and only 9,111 against. This represents overwhelming shareholder approval of the auditor selection.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify