Filing Analysis
Pure Cycle Corporation has appointed Chris Fink and Kelly Haecker to its Board of Directors, filling two previously vacant seats. This action restores the Board to its full complement of eight directors.
📋 Key Facts
- Chris Fink and Kelly Haecker appointed to the Board of Directors on August 24, 2026.
- The appointments fill two vacancies created earlier in the year.
- The Board now consists of eight directors.
- Both appointees have been determined to be independent under Nasdaq Stock Market rules.
- No related party transactions were disclosed regarding these appointments.
Pure Cycle Corporation announced the resignation of Daniel R. Kozlowski from its Board of Directors, effective July 7, 2026. The company also furnished financial results and an earnings presentation for the periods ended May 31, 2026.
🚩 Red Flags
- None identified in this specific filing (resignation stated as non-dispute).
📋 Key Facts
- Daniel R. Kozlowski resigned from the Board of Directors on July 7, 2026.
- The resignation was stated to not involve any disagreement with the company regarding operations, policies, or practices.
- Company released financial results for the three and nine months ended May 31, 2026.
- An earnings presentation summarizing operations and financial results was made available via Exhibit 99.2.
On May 21, 2026, Daniel J. Roller resigned from the Board of Directors of Pure Cycle Corporation, effective immediately. The resignation did not involve any disagreements with the company regarding its operations, policies, or practices.
📋 Key Facts
- Director Daniel J. Roller resigned from the Board of Directors on May 21, 2026.
- The resignation was effective immediately.
- The company stated there were no disagreements between Mr. Roller and the company on any matter relating to operations, policies, or practices.
Pure Cycle Corporation announced its financial results for the three and six months ended February 28, 2026, through a press release and a supplemental earnings presentation.
📋 Key Facts
- Financial results cover the second quarter and first half of fiscal year 2026, ended February 28, 2026.
- Press release announcing results was issued on April 8, 2026.
- A supplemental earnings presentation was posted to the company website on April 9, 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
Pure Cycle Corporation entered into a cooperation agreement with Maran Capital Management, LLC, a significant shareholder (14.7%), to expand the Board of Directors and establish a new Strategy and Capital Allocation Committee. The agreement includes board seat appointments for Maran-linked individuals and a standstill period regarding shareholder proposals.
🚩 Red Flags
- Related-party influence: A significant shareholder (14.7%) has successfully negotiated board expansion and the creation of a specific committee.
- Potential activism/governance shift: The agreement includes provisions for Maran to recommend replacement candidates if certain directors cease to be members, suggesting a structured influence over board composition.
- Standstill provision: The restriction on shareholder proposals during the standstill period is often a sign of negotiated settlement following activist pressure.
📋 Key Facts
- Entered into a cooperation agreement with Maran Capital Management, LLC on January 14, 2026.
- Maran holds approximately 14.7% of the company's common stock.
- Board size increased from seven to eight directors.
- Daniel J. Roller appointed as a director and Chair of the new Strategy and Capital Allocation Committee.
- Agreement includes a 'Standstill Period' during which Maran agrees to vote shares in line with Board recommendations and refrain from certain proposals.
- The 2026 Annual Meeting was held on January 14, 2026, with an 84.94% participation rate.
Pure Cycle Corporation filed an 8-K to announce its financial results for the three months ended November 30, 2025 and provided an earnings presentation.
📋 Key Facts
- Announced quarterly financial results for the period ending November 30, 2025 on January 7, 2026.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing operations and financial performance.
- Filed under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
Pure Cycle Corporation filed an 8-K to announce its financial results for the fiscal year ended August 31, 2025. The filing includes a press release and an earnings presentation summarizing operations and financial performance.
📋 Key Facts
- Announced financial results for the fiscal year ended August 31, 2025.
- Issued a press release (Exhibit 99.1) regarding annual earnings.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing operations and financial results.
- The presentation was made available via the company's website on November 13, 2025.
Pure Cycle Corporation filed an 8-K to announce its financial results for the three and nine months ended May 31, 2025. The filing includes a press release and an earnings presentation summarizing operations and financial condition.
📋 Key Facts
- Reported financial results for the three and nine months ended May 31, 2025.
- Issued a press release (Exhibit 99.1) regarding operational and financial performance.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing company operations.
Pure Cycle Corporation filed an 8-K to announce its financial results for the three and six months ended February 28, 2025. The filing includes a press release and an earnings presentation summarizing operations and financial condition.
📋 Key Facts
- Reported financial results for the three and six months ended February 28, 2025.
- Issued a press release (Exhibit 99.1) regarding quarterly/semi-annual performance.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing operations and financial results.
Pure Cycle Corporation held its annual meeting of shareholders on January 15, 2025. The filing reports the results of shareholder votes regarding director elections, auditor ratification, and executive compensation.
📋 Key Facts
- Annual meeting held on January 15, 2025.
- 87.99% of shares entitled to vote (21,184,129 shares) were present in person or by proxy.
- Seven directors were elected: Mark W. Harding, Patrick J. Beirne, Wanda J. Abel, Frederick A. Fendel III, Susan D. Heitmann, Daniel R. Kozlowski, and Jeffrey G. Sheets.
- Shareholders ratified the appointment of Forvis Mazars, LLP as independent registered public accounting firm for fiscal year 2025.
- Shareholders approved executive compensation on an advisory basis.
Pure Cycle Corporation filed an 8-K to announce its quarterly earnings results for the three months ended November 30, 2024. The filing includes a press release and an investor presentation summarizing the company's operations and financial condition.
📋 Key Facts
- Announced financial results for the three months ended November 30, 2024.
- Issued a press release (Exhibit 99.1) regarding quarterly earnings.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing operations and financial performance.
- The report was signed by Marc S. Spezialy, Vice President and Chief Financial Officer.
Pure Cycle Corporation filed an 8-K to announce its financial results for the fiscal year ended August 31, 2024. The filing includes a press release and an earnings presentation summarizing the company's operations and financial condition.
📋 Key Facts
- Announced financial results for the fiscal year ended August 31, 2024.
- Issued a press release (Exhibit 99.1) regarding earnings.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing operations and financial performance.
Pure Cycle Corporation filed an 8-K to announce its quarterly financial results for the three and nine months ended May 31, 2024. The filing includes a press release and an earnings presentation.
📋 Key Facts
- Reported financial results for the three and nine months ended May 31, 2024.
- Issued a press release (Exhibit 99.1) regarding operations and financial condition.
- Provided an Earnings Presentation (Exhibit 99.2) summarizing company operations.
Pure Cycle Corporation announced a change in its Board of Directors, involving the retirement of Peter Howell and the appointment of Susan Heitmann. Ms. Heitmann will serve as Chair and a member of the Audit Committee.
📋 Key Facts
- Peter Howell retired from the Board effective May 22, 2024.
- Susan Heitmann was appointed to the Board on May 22, 2024.
- Ms. Heitmann will serve as Chair and a member of the Audit Committee.
- The Board determined Ms. Heitmann is independent under NASDAQ rules.
- No disagreements with the company were reported regarding Mr. Howell's retirement.
Pure Cycle Corporation filed an 8-K to announce its financial results for the three and six months ended February 29, 2024. The filing includes a press release and an earnings presentation as exhibits.
📋 Key Facts
- Reported financial results for the period ending February 29, 2024.
- Filed on April 11, 2024, regarding events occurring on April 10, 2024.
- Included Exhibit 99.1 (Press Release) and Exhibit 99.2 (Earnings Presentation).
Pure Cycle Corporation held its annual meeting of shareholders on January 17, 2024. The filing reports the election of directors and the ratification of the company's independent auditor for the 2024 fiscal year.
📋 Key Facts
- Annual meeting held on January 17, 2024.
- 97.9% of outstanding shares (23,582,696 shares) were represented at the meeting.
- Seven directors were elected to the Board: Mark W. Harding, Patrick J. Beirne, Wanda J. Abel, Frederick A. Fendel III, Peter C. Howell, Daniel R. Kozlowski, and Jeffrey G. Sheets.
- FORVIS, LLP was ratified as the independent registered public accounting firm for fiscal year 2024 with significant majority support (23,157,168 votes in favor).
- The 2024 Equity Incentive Plan was approved by shareholders.
Pure Cycle Corporation filed an 8-K to announce its quarterly financial results for the three months ended November 30, 2023 and provided a supplemental earnings presentation.
📋 Key Facts
- Announced financial results for the period ending November 30, 2023 via press release (Exhibit 99.1).
- Provided an Earnings Presentation summarizing operations and financial results (Exhibit 99.2).
- The filing was signed by Marc S. Spezialy, Vice President and Chief Financial Officer.