other material
confidence high
sentiment neutral
materiality 0.25
Civeo shareholders approve board declassification; preferred share amendment fails
Civeo Corp
- Shareholders approved declassification of board to phase in annual director elections; effective May 16, 2024.
- Re-elected three Class I directors: C. Ronald Blankenship, Michael Montelongo, Charles Szalkowski.
- Ratified Ernst & Young as independent auditor for FY 2024 with 13.1M for, 6.5K against.
- Advisory vote on executive compensation passed with 10.3M for vs 348K against.
- Proposal to remove preferred share provisions failed (3.5M for, 7.1M against, 895K abstain).