A global manufacturer of pumps, valves, mechanical seals, and automation gear, Flowserve supplies the heavy machinery that moves fluids through oil refineries, chemical plants, power stations, and water systems — and keeps that installed equipment running with aftermarket parts and service centers around the world. The company itself was formed in 1997 when pump maker BW/IP and valve maker Durco merged, taking a name that blends "flow" with "serve" to signal a focus on both products and service. Though the brand is young, its roots stretch back to Byron Jackson, a California inventor who founded his pump company in 1872, making Flowserve a home for some of the industry's oldest pump names.
Flowserve elects Ajay Agrawal to its Board of Directors, effective August 5, 2026.
He fills a newly created directorship, increasing the Board size from nine to ten directors.
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Ajay Agrawal, Chief Business Development Officer and Senior Vice President, Global Services at Carrier Global Corporation, was elected to Flowserve's Board on August 4, 2026, effective August 5, 2026.
Agrawal will serve on the Organization and Compensation Committee and the Technology, Innovation and Risk Committee.
The Board determined he is independent under NYSE listing standards and Section 10A(m)(3) of the Exchange Act.
He will be compensated per the company's standard non-employee director arrangements, as described in the April 2, 2026 proxy statement.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Flowserve Corporation completed the all-cash acquisition of Trillium Flow Technologies' Valves Division for $490 million plus working capital adjustments on June 30, 2026.
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The acquired business supplies highly engineered mission-critical valves for nuclear and traditional power generation, industrial, and critical infrastructure applications.
The acquisition is expected to have annualized revenue of approximately $200 million and adjusted EBITDA margins in the high teens after applying 80/20 principles.
The transaction excludes Trillium Valves' French operations.
The disclosure was made under Item 7.01 Regulation FD, with the press release furnished as Exhibit 99.1.
Flowserve amends bylaws to reduce board size from 11 to 9 directors.
On May 14, 2026, Flowserve's Board approved an amendment to Article III, Section 2 of the By-Laws, decreasing the number of directors from eleven to nine.
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The company held its virtual 2026 Annual Meeting on May 14, 2026, with 116,322,393 shares present, representing 91.02% of outstanding shares entitled to vote.
All nine director nominees were elected, with votes ranging from 103,382,772 to 109,192,337 in favor.
The advisory vote on executive compensation was approved with 103,981,326 votes for and 6,568,078 against.
A shareholder proposal requesting an annual advisory vote on stock repurchases did not pass, with 4,009,237 votes for and 105,292,037 against.
PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for 2026.
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Flowserve issues $500M of 5.700% Senior Notes due 2036
The Notes mature on May 15, 2036, with interest payable semi-annually on May 15 and November 15, beginning November 15, 2026.
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Flowserve Corporation issued $500 million aggregate principal amount of 5.700% Senior Notes due 2036 on May 12, 2026.
The Notes were issued under a Senior Indenture dated September 11, 2012, as supplemented by a Sixth Supplemental Indenture dated May 12, 2026, with U.S. Bank Trust Company as Trustee.
If the Trillium Flow Technologies Valves Division acquisition is not completed by February 4, 2027, or the purchase agreement is terminated, Flowserve must redeem all Notes at 101% of principal plus accrued interest.
The Notes are senior unsecured obligations, not guaranteed by subsidiaries, and rank equally with existing and future senior unsecured debt.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Flowserve issues $500M 5.700% Senior Notes due 2036 to fund Trillium Flow acquisition
On May 5, 2026, Flowserve entered into an underwriting agreement with BofA Securities, J.P. Morgan Securities, and Mizuho Securities for $500 million aggregate principal of 5.700% Senior Notes due 2036.
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The notes are governed by a base indenture dated September 11, 2012, and a supplemental indenture expected to be dated May 12, 2026.
The offering is expected to close on May 12, 2026, subject to customary closing conditions.
Net proceeds will fund the purchase price for the Trillium Flow Technologies Valves Division acquisition, with any remainder for general corporate purposes or debt repayment.
If the Trillium Flow acquisition is not completed by February 4, 2027, or the purchase agreement is terminated, Flowserve intends to redeem the notes at 101% of principal plus accrued interest.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits