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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 16, 2025

 

Comfort Systems USA, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   1-13011   76-0526487
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

675 Bering Drive, Suite 400    
Houston, Texas   77057
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (713) 830-9600

 

(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 filing 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 Symbol(s)

 

Name of each exchange on which registered

Common Stock, $0.01 par value   FIX   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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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. ¨

 

 

 

 

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

 

On May 16, 2025, the Company held its 2025 Annual Meeting of Stockholders. Of the 35,328,058 shares of common stock outstanding and entitled to vote at the Annual Meeting, 32,520,714 shares were present in person or by proxy, constituting a 92.05% quorum. The matters submitted to the stockholders of the Company at the Annual Meeting, and the results of the voting, were as follows:

 

Proposal No. 1.      Vote regarding the election of Darcy G. Anderson, Herman E. Bulls, Rhoman J. Hardy, Gaurav Kapoor, Brian E. Lane, Pablo G. Mercado, Franklin Myers, William J. Sandbrook, Constance E. Skidmore, and Cindy L. Wallis-Lage as members of the Board of Directors:

 

Nominee  Votes For   Votes For as Percentage of
Votes Cast
   Votes Withheld 
Darcy G. Anderson   30,006,259    98.28%   523,907 
Herman E. Bulls   29,139,485    95.44%   1,390,681 
Rhoman J. Hardy   29,897,155    97.93%   633,011 
Gaurav Kapoor   28,234,274    92.48%   2,295,892 
Brian E. Lane   30,256,438    99.10%   273,728 
Pablo G. Mercado   30,424,407    99.65%   105,759 
Franklin Myers   28,821,070    94.40%   1,709,096 
William J. Sandbrook   29,271,553    95.88%   1,258,613 
Constance E. Skidmore   29,928,438    98.03%   601,728 
Cindy L. Wallis-Lage   27,536,868    90.20%   2,993,298 

 

There were 1,990,548 broker non-votes as to Proposal No. 1.

 

Proposal No. 2.      Vote regarding ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025:

 

Votes For   Votes For as a Percentage
of Votes Cast
   Votes Against   Votes Abstain 
 32,426,139    99.79%   69,346    25,229 

 

There were no broker non-votes as to Proposal No. 2.

 

Proposal No. 3.      Advisory vote regarding approval of the compensation paid by the Company to its named executive officers:

 

Votes For   Votes For as a Percentage
of Votes Cast
   Votes Against   Votes Abstain 
 28,976,346    95.03%    1,515,034    38,786 

 

There were 1,990,548 broker non-votes as to Proposal No. 3.

 

 

 

 

ITEM 8.01Other Events.

 

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of a press release of the Company dated May 22, 2025 announcing that the Company’s Board of Directors has approved an amendment to the Company’s stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1,000,000 shares by authorizing the Company to acquire up to 402,413 additional shares of its outstanding common stock. The Company’s existing stock repurchase program had previously authorized the repurchase of up to 11,355,551 shares of the Company’s outstanding common stock.

 

Through May 16, 2025, the Company repurchased 10,757,964 shares of the Company’s common stock at an aggregate price of $437,561,463 (exclusive of excise tax). This extension of the stock repurchase program will “top off” the plan and permit the Company to repurchase up to an additional 1,000,000 shares of its currently outstanding common stock beyond what had already been purchased as of May 16, 2025.

 

The share repurchases will be made from time to time at the Company’s discretion in the open market or privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. The Company expects that the share repurchases will be financed with available cash. The Company’s Board of Directors may modify, suspend, extend, or terminate the program at any time.

 

ITEM 9.01Financial Statements and Exhibits.

 

(d)  The following Exhibits are included herein:

 

Exhibit
Number
  Exhibit Title or Description
     
99.1   Press Release of Comfort Systems USA, Inc., dated May 22, 2025, announcing that the Company’s Board of Directors has approved an amended stock repurchase program.
     
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

 

 

 

 

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.

 

    COMFORT SYSTEMS USA, INC.
   
  By: /s/ Laura F. Howell
    Laura F. Howell, Senior Vice President and General Counsel
   
Date: May 22, 2025