other material
confidence high
sentiment negative
materiality 0.15
KLXE annual meeting: board declassification fails; say-on-pay rejected; directors elected
KLX Energy Services Holdings, Inc.
- Board declassification proposal failed, needing 66 2/3% of outstanding shares; got ~6.7M for vs 1.2M against (excluding broker non-votes).
- Non-binding advisory vote on named executive officer compensation was not approved: 3.3M for, 4.1M against.
- Super-majority voting requirement elimination proposals for bylaws and charter both failed to achieve required 66 2/3% threshold.
- Three Class I directors elected: Christopher J. Baker, Gunnar Eliassen, and John T. Whates.
- Ratification of Deloitte & Touche as independent auditor approved with 12.9M for, 0.3M against.