secwatch.observer — SEC 8-K summary
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Issuer:     Seadrill Ltd (SDRL)
CIK:        0001737706
Form:       8-K
Filed at:   2026-06-05T10:01:29+00:00
Accession:  0001193125-26-258288
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seadrill AGM approves 1.4M share addition to management incentive plan
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- Amendment No. 1 to 2022 Management Incentive Plan approved; share reserve increased by 1,400,000 to 4,310,053.
- All nine director nominees re-elected; Andrew Schultz received 11.96M against votes (highest opposition).
- PwC US ratified as independent auditor for FY2026 with 47.22M votes in favor.
- Advisory vote to approve 2025 named executive officer compensation passed with 41.03M for, 2.31M against.
- Board size set at up to nine directors; 43.18M votes for, 0.17M against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737706/000119312526258288/0001193125-26-258288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737706/000119312526258288/d138409d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-258288

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer