Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Transocean Ltd.: Articles of Association amended to reflect shareholder approvals for general capital authorization, specific capital authorization for equity plans, and alignment with new Swiss corporate law (effective 2023-05-11).
- Change
- charter amendment
- Effective
- 2023-05-11
Exact text from the filing
On May 11, 2023, the Articles of Association of the Company were amended (as amended, the “Articles of Association”) to reflect the approval by our shareholders at the AGM of (i) the general capital authorization proposal, which permits the issuance of up to 159,449,067 Shares pursuant to the authorization, for a one-year period expiring on May 11, 2024; (ii) the specific capital authorization proposal that may be used to satisfy the Company’s equity incentive plans obligations, which permits the issuance of up to 30,000,000 Shares pursuant to the authorization, for a five-year period expiring on May 11, 2028; and (iii) the proposal to amend the Articles of Association to align them with changes that were made to Swiss corporate law effective January 1, 2023, and make certain related changes.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Transocean Ltd.: Organizational Regulations amended by the Board of Directors to align with new Swiss corporate law and related changes (effective 2023-05-12).
- Change
- bylaw amendment
- Effective
- 2023-05-12
Exact text from the filing
Effective May 12, 2023, the Organizational Regulations (as amended, the “Organizational Regulations”) of the Company were amended by the Company’s Board of Directors to align them with changes that were made to Swiss corporate law effective January 1, 2023, and to make certain related changes, including with respect to the procedures required to consider and approve certain Company actions.
View on SEC.gov