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Pure Cycle (PCYO) investor relations material

Pure Cycle Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary4 Dec, 2025

Executive summary

  • Annual meeting scheduled for January 14, 2026, to elect seven directors, ratify the auditor, approve executive compensation, and determine the frequency of future say-on-pay votes.

  • Shareholders of record as of November 17, 2025, are eligible to vote; each share has one vote, with no cumulative voting.

  • Proxy materials and annual report are available online, with options for electronic or paper delivery to reduce costs and environmental impact.

Voting matters and shareholder proposals

  • Proposals include election of directors, ratification of Forvis Mazars, LLP as auditor for FY 2026, advisory approval of executive compensation, and advisory vote on frequency of future say-on-pay votes.

  • Board recommends voting for all director nominees, for auditor ratification, for executive compensation, and for a three-year frequency on say-on-pay votes.

  • Shareholder proposals for the 2027 meeting must be submitted by August 6, 2026.

Board of directors and corporate governance

  • Board consists of seven members, with a majority independent; CEO and Chair roles are separated.

  • Three standing committees: Audit, Compensation, and Nominating, all composed of independent directors.

  • Board diversity is emphasized, with efforts to include at least one female and one person of color in candidate pools.

  • Directors are elected for one-year terms; all current directors attended at least 75% of meetings in FY 2025.

  • Code of Business Conduct and Ethics and shareholder communication policy are in place.

How will ROE and EBITDA impact 2026 exec awards?
What is the board's specific diversity candidate policy?
How will say-on-pay frequency be determined?
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Frequently asked questions

Pure Cycle Corporation is a basic materials company that designs, constructs, operates, and maintains water and wastewater systems. The Company's segments include Water Infrastructure Group, Pure Cycle Water on Tap Group, Renewable Energy and Real Estate Development Group. It serves the Denver metropolitan area and Colorado Front Range in the United States. As of December 31, 2016, the Company owned and operated over 2,500 miles of water pipelines using 12 water sources. The Company owns over 116 acres of residential land for development. It owns over 3,400 acre-feet of water rights to supplement its surface water rights from Chatfield Reservoir.

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