8-KShareholder Matters

COMFORT SYSTEMS USA INC 8-K Report, Shareholder Vote Results (May 21, 2010)

Filed May 21, 2010For Securities:FIX

Summary

Comfort Systems USA, Inc. (FIX) filed an 8-K report on May 21, 2010, detailing the results of its 2010 Annual Meeting of Stockholders held on May 18, 2010. The primary focus of this filing is the outcome of two key proposals voted on by shareholders: the election of the Board of Directors and the ratification of the company's independent registered public accounting firm. All eight nominated directors were overwhelmingly approved, indicating strong shareholder confidence in the current leadership and governance of the company. Similarly, the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending December 31, 2010, received substantial ratification. These results suggest a stable and supportive shareholder base for Comfort Systems USA, Inc. at the time of this filing.

Key Highlights

  • 1Comfort Systems USA, Inc. held its 2010 Annual Meeting of Stockholders on May 18, 2010.
  • 2All eight director nominees, including William F. Murdy and Darcy G. Anderson, were elected with a significant majority of "Votes For".
  • 3Director nominees received substantial support, with the lowest "Votes For" count being over 31.5 million and "Votes Withheld" in the hundreds of thousands.
  • 4Broker non-votes were noted for all director proposals, totaling approximately 2.9 million for each nominee.
  • 5Ernst & Young LLP was ratified as the company's independent registered public accounting firm for the year ending December 31, 2010.
  • 6The ratification of Ernst & Young LLP received overwhelming approval, with over 34.9 million "Votes For" compared to 204,235 "Votes Against" and only 5,733 "Abstain" votes.

Frequently Asked Questions

The main outcomes were the election of all eight director nominees to the Board of Directors and the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year 2010. Both proposals received strong approval from shareholders.

Yes, all eight director nominees presented at the meeting were elected to the Board of Directors. The voting results show a very high percentage of "Votes For" each nominee, indicating broad shareholder support.

No, the ratification of Ernst & Young LLP as the independent auditor was overwhelmingly approved, with a substantial majority of shareholders voting in favor and a relatively small number voting against or abstaining.

A "Broker Non-Vote" occurs when a broker holding shares in "street name" for a customer does not vote on a particular proposal because the customer has not provided voting instructions, and the broker does not have discretionary authority to vote on that matter. In this filing, broker non-votes were present for the director elections.