Flowserve Holds 2023 Annual Meeting of Shareholders

Flowserve Corp. (NYSE: FLS) (the “Company”), a leading provider of flow control products and services for the global infrastructure markets, held its virtual 2023 Annual Meeting of Shareholders on May 25, 2023.

Concerning the official business of the meeting, the Company announced that its shareholders re-elected Sujeet Chand, Ruby R. Chandy, Gayla J. Delly, John R. Friedery, John L. Garrison, Michael C. McMurray, Thomas B. Okray, David E. Roberts, R. Scott Rowe, Kenneth I. Siegel, and Carlyn R. Taylor to the Company's Board of Directors, each to serve an annual term expiring at the 2024 Annual Meeting of Shareholders.

Biographies for all members of the Board can be found in the Company's 2023 Proxy Statement or on www.flowserve.com.

Voting results also indicated that shareholders approved an advisory vote on executive compensation, voting approximately 93.3 percent in favor of the proposal.

Shareholders also approved an advisory vote on the frequency of future advisory votes on executive compensation, voting approximately 98 percent in favor of every one year.

Additionally, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2023.

Shareholders rejected a shareholder proposal to eliminate certain ownership requirements to call a special shareholder meeting, voting approximately 80.5 percent against the proposal.

Final voting results on all agenda items will be available in a Current Report on Form 8-K to be filed by the Company following certification by the Company's inspector of elections.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition