8-K
filed May 16, 2024, 7:59 PM ET
ticker BKR
CIK 0001701605
other material
confidence high
sentiment neutral
materiality 0.15
Baker Hughes shareholders approve all proposals at 2024 annual meeting
Baker Hughes Co
- Nine directors elected with majority votes; largest 'against' votes were for Beattie (76M) and Dumais (75M).
- Advisory vote on executive compensation approved: 822M for, 41M against.
- KPMG ratified as auditor for FY2024: 900.5M for, 1.9M against.
- Officer exculpation charter amendment passed: 745M for, 120M against (94% of vote).
- Federal forum and modernization charter amendments also approved by shareholders.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to clarify and modernize the Charter (Modernization Proposal) at the 2024-05-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes with respect to the Modernization Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 861,093,814 4,201,688 437,465 39,134,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to add a federal forum selection provision (Federal Forum Proposal) at the 2024-05-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes with respect to the Federal Forum Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 783,006,056 82,244,591 482,319 39,134,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Amendment and restatement of the Certificate of Incorporation to limit the liability of certain officers (Officer Exculpation Proposal) at the 2024-05-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes with respect to the Officer Exculpation Proposal was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 745,339,947 119,975,606 417,413 39,134,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Election of nine members to the Board of Directors to serve for a one-year term at the 2024-05-13 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes for the election of each director was as follows: Name Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes W. Geoffrey Beattie 788,682,278 76,072,236 978,452 39,134,731 Abdulaziz M. Al Gudaimi 857,751,587 7,575,873 405,507 39,134,731 Gregory D. Brenneman 862,583,770 2,752,269 396,927 39,134,731 Cynthia B. Carroll 841,801,440 23,537,450 394,076 39,134,731 Michael R. Dumais 789,521,952 75,230,463 980,551 39,134,731 Lynn L. Elsenhans 793,095,120 72,250,278 387,568 39,134,731 John G. Rice 860,566,190 4,773,457 393,319 39,134,731 Lorenzo Simonelli 815,900,738 49,470,819 361,410 39,134,731 Mohsen M. Sohi 862,001,675 3,328,689 402,603 39,134,731
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Ratification of KPMG LLP as the independent registered public accounting firm for fiscal year 2024 at the 2024-05-13 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes with respect to the ratification of KPMG LLP as the Company's Independent Registered Public Accounting Firm for fiscal year 2024 was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 900,500,841 1,888,100 2,478,756 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Baker Hughes Co shareholders approved Advisory vote to approve the Company's executive compensation program at the 2024-05-13 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
The number of votes for, against, abstentions and broker non-votes with respect to the advisory vote related to the Company's executive compensation program was as follows: Number of Votes FOR Number of Votes AGAINST Abstain Votes Broker Non-Votes 822,360,176 41,410,692 1,962,098 39,134,731
View on SEC.gov
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