8-K

Babcock & Wilcox Enterprises, Inc. (BW)

8-K 2025-06-10 For: 2025-06-04
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Added on April 04, 2026

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):

June 4, 2025

BABCOCK & WILCOX ENTERPRISES,INC.
(Exact name of registrant as specified in its charter)
Delaware 001-36876 47-2783641
--- --- ---
(State or other jurisdiction of<br><br> incorporation) (Commission File Number) (IRS Employer Identification No.)
1200 East Market Street****Suite 650 Akron , Ohio 44305
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(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including

Area Code: (330) 753-4511

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<br> of Each Class Trading<br> Symbol Name<br> of Each Exchange on which Registered
Common stock, $0.01 par value per share BW New York Stock Exchange
8.125% Senior Notes due 2026 BWSN New York Stock Exchange
7.75% Series A Cumulative Perpetual Preferred Stock BW PRA New York Stock Exchange
6.50% Senior Notes due 2026 BWNB 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 5.07 Submission of Matters to a Vote of Security Holders


On June 4, 2025, at the 2025 annual meeting of stockholders (the “Annual Meeting”) of Babcock & Wilcox Enterprises, Inc. (the “Company”), the stockholders of the Company voted on six proposals, each of which is described in more detail in the Company’s definitive proxy statement (the “Proxy Statement”) filed with the Securities and Exchange Commission on April 21, 2025. There were 74,091,479 shares of common stock present at the Annual Meeting in person or by proxy, which represented 75.29% of the combined voting power of the Company’s common stock entitled to vote at the Annual Meeting, and which constituted a quorum for the transaction of business. Holders of the Company’s common stock were entitled to one vote on each matter to be acted on at the Annual Meeting for each share held as of the close of business on April 14, 2025. The voting results for each of the six proposals are detailed below.

Proposal 1:

The approval of amendments to the Company’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) to declassify the Board of Directors of the Company (the “Board”) and provide for annual elections of all directors beginning at the 2027 annual meeting of stockholders did not receive the required affirmative vote of at least 80% of the voting power of all then outstanding shares of capital stock entitled to vote generally in the election of directors for approval. The voting results were as follows:


Votes For Votes Against Abstain Broker Non-Votes
52,677,297 6,429,012 41,361 14,943,809

Proposal2:

The election of Joseph A. Tato and Kenneth M. Young to serve as Class I directors of the Company to serve until the Company’s 2027 annual meeting of stockholders was contingent upon the approval of Proposal 1 to declassify the Board. Since Proposal 1 was not approved at the Annual Meeting, Proposal 2 was deemed null and void.

Proposal3:

As Proposal 1 was not approved, the stockholders elected Joseph A. Tato and Kenneth M. Young to serve as Class I directors of the Company, each to serve a term of three years expiring at the Company’s 2028 annual meeting of stockholders. The voting results were as follows:

Name Votes For Votes<br> Withheld Broker Non-Votes
Joseph A. Tato 46,187,632 12,960,038 14,943,809
Kenneth M. Young 52,198,302 6,949,368 14,943,809

Proposal4:

The approval of amendments to the Certificate of Incorporation to remove provisions that require the affirmative vote of holders of at least 80% of the voting power to approve certain amendments to the Certificate of Incorporation and the Company’s Amended and Restated Bylaws did not receive the required affirmative vote of at least 80% of the voting power of all then outstanding shares of capital stock entitled to vote generally in the election of directors for approval. The voting results were as follows:

Votes For Votes Against Abstain Broker Non-Votes
52,004,008 6,967,096 176,566 14,943,809

Proposal5:

The stockholders approved the ratification of the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The voting results were as follows:

Votes For Votes Against Abstain
73,198,923 194,731 697,825

Proposal6:

The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. The voting results were as follows:

Votes For Votes Against Abstain Broker Non-Votes
44,810,613 14,146,161 190,896 14,943,809

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 thereunto duly authorized.

BABCOCK & WILCOX ENTERPRISES, INC.
June 10, 2025 By: /s/ Cameron Frymyer
Cameron Frymyer
Executive Vice President and Chief Financial Officer (Principal Accounting Officer and Duly<br>Authorized Representative)