<SEC-DOCUMENT>0001387131-14-000236.txt : 20140121
<SEC-HEADER>0001387131-14-000236.hdr.sgml : 20140120
<ACCEPTANCE-DATETIME>20140121163508
ACCESSION NUMBER:		0001387131-14-000236
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140115
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20140121
DATE AS OF CHANGE:		20140121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		14538341

	BUSINESS ADDRESS:	
		STREET 1:		500 E 8TH AVE
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		500 E 8TH AVE
		CITY:			DENVER
		STATE:			CO
		ZIP:			80203
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pyco-8k_011514.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15 (d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<B>January 15, 2014</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>PURE CYCLE
CORPORATION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Colorado</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">(State or other jurisdiction of incorporation)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>0-8814</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission File Number)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>84-0705083</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">(IRS Employer Identification No.)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>1490 Lafayette
Street, Suite 203, Denver, CO 80218</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">(Address of principal executive office)
(Zip Code)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0">Registrant&rsquo;s telephone, including area code<U>&#9;(303)
292-3456&#9;</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">N/A</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center">(Former name or former address, if
changed since last report.)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">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 (<U>see</U> General Instruction
A.2. below):</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT> Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">This Current Report on Form 8-K is filed
by Pure Cycle Corporation (the &ldquo;Registrant&rdquo;), a Colorado corporation, in connection with the matters described herein.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">Item 5.07 - Submission
of Matters to a Vote of Security Holders</FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">The Registrant held its Annual Shareholders&rsquo;
meeting on January 15, 2014, at which, the following matters were voted upon and adopted by shareholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.9pt"><FONT STYLE="font-size: 10pt">Election of Directors</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Voted</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>For</B></P></TD>
    <TD STYLE="width: 3%; border-bottom: Black 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>Withheld</B></P></TD>
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>Broker </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: center"><B>Non-Votes</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: -20pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mark W. Harding</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,180,841</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">604,807</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 0pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harrison H. Augur</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,730,600</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">55,048</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 0pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arthur G. Epker III</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,688,056</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">97,592</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 0pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Richard L. Guido</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,744,493</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">41,155</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 0pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peter C. Howell</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,746,388</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">39,260</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: -10pt; text-align: left; text-indent: -10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; George M. Middlemas</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">14,727,285</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">58,363</TD>
    <TD STYLE="padding-right: 12.6pt; padding-left: 5.4pt; text-align: right">6,333,131</TD></TR>
<TR>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-indent: -10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: right">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.9pt"><FONT STYLE="font-size: 10pt">For the ratification of the appointment of
GHP Horwath, P.C. and the independent auditors for the year ending August 31, 2014:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">20,979,780</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">11,160</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">127,839</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">&ndash;</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.9pt"><FONT STYLE="font-size: 10pt">For the approval, on an advisory basis, of
executive compensation:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">14,669,572</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">68,743</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">47,333</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.9pt"><FONT STYLE="font-size: 10pt">For the frequency of voting on executive compensation:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">1 year</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">2 years</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">3 years</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">10,310,191</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">185,673</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">2,057,462</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">2,232,322</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">5.</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.9pt"><FONT STYLE="font-size: 10pt">For the approval of the 2014 equity incentive
plan:</FONT></TD></TR></TABLE>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.9pt 0 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain</TD>
    <TD STYLE="width: 20%; border-bottom: windowtext 1pt solid; padding-right: 0.9pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Non-Votes</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">13,756,619</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">1,002,315</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">26,714</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: center">6,333,131</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 0.9pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">Based
on the outcome of the shareholder vote the board of directors for the Company has adopted one year as the frequency of an advisory
vote on executive compensation.</FONT></P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">SIGNATURES</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: normal 12pt Times New Roman, Times, Serif">Dated:
January 21, 2014</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>PURE CYCLE CORPORATION</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ Mark W. Harding</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Mark W. Harding<BR>President and Chief Financial Officer</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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