8-K
filed June 9, 2023, 7:59 PM ET
ticker NBR
CIK 0001163739
other material
confidence high
sentiment negative
materiality 0.15
Nabors shareholders reject advisory vote on executive compensation at 2023 AGM
NABORS INDUSTRIES LTD
- Advisory vote on named executive officer compensation failed with 39.69% for (3,324,246 for, 5,049,478 against).
- All eight director nominees elected by majority; James R. Crane received most votes (7,579,661 for).
- PricewaterhouseCoopers LLP ratified as independent auditor with 97.70% approval (8,903,838 for).
- Advisory vote on frequency chose '1 Year' (91.98%); board will hold annual say-on-pay votes going forward.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NABORS INDUSTRIES LTD shareholders rejected Advisory Vote on Compensation of Named Executive Officers at the 2023-06-06 meeting.
- Proposal
- say on pay
- Outcome
- failed
- Meeting
- 2023-06-06
Exact text from the filing
C. Advisory Vote on Compensation of Named Executive Officers For 3,324,246 Against 5,049,478 Abstain 15,042 Nonvotes 731,652 RESULT: Not Approved (39.69% For)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NABORS INDUSTRIES LTD shareholders approved Advisory Vote on Frequency of Future Votes to Approve Named Executive Officer Compensation at the 2023-06-06 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-06
Exact text from the filing
D. Advisory Vote on Frequency of Future Votes to Approve Named Executive Officer Compensation 1 Year 7,367,592 2 Years 3,113 3 Years 638,812 Abstain 379,249 Nonvotes 731,652 RESULT: 1 Year (91.98%)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NABORS INDUSTRIES LTD shareholders approved Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor’s Remuneration at the 2023-06-06 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-06
Exact text from the filing
B. Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Independent Auditor’s Remuneration For 8,903,838 Against 209,197 Abstain 7,383 RESULT: Approved (97.70% For)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NABORS INDUSTRIES LTD shareholders approved Election of Directors at the 2023-06-06 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-06
Exact text from the filing
A. Election of Directors * Shares For Shares Withheld Nonvotes Result Tanya S. Beder 6,786,465 1,602,301 731,652 Elected Anthony R. Chase 7,008,049 1,380,717 731,652 Elected James R. Crane 7,579,661 809,105 731,652 Elected John P. Kotts 7,149,781 1,238,985 731,652 Elected Michael C. Linn 6,389,615 1,999,151 731,652 Elected Anthony G. Petrello 7,508,899 879,867 731,652 Elected John Yearwood 7,548,717 840,049 731,652 Elected *All directors were elected by a majority of shares voted.
View on SEC.gov
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