Dril-Quip Files Additional Proxy Materials

TL;DR

Dril-Quip dropped more proxy docs, shareholders pay attention.

AI Summary

Dril-Quip, Inc. filed a DEFA14A on April 22, 2024, indicating it is providing additional definitive proxy materials. The filing does not appear to involve a fee, as indicated by the 'No fee required' checkbox. The company, based in Houston, TX, operates in the oil and gas machinery and equipment sector.

Why It Matters

This filing signifies that Dril-Quip is supplementing its previous proxy statement, which is crucial for shareholders to review before voting on company matters.

Risk Assessment

Risk Level: low — This filing is a routine administrative update to proxy materials and does not contain new financial information or strategic changes that would inherently increase risk.

Key Players & Entities

• Dril-Quip, Inc. (company) — Registrant and filer of the proxy statement
• 2050 WEST SAM HOUSTON PARKWAY S. SUITE 1100 HOUSTON TX 77042 (company) — Business and mailing address of Dril-Quip, Inc.
• 7139397711 (company) — Business phone number for Dril-Quip, Inc.

FAQ

Filing Documents

• d789366ddefa14a.htm (DEFA14A) — 37KB
• 0001193125-24-104897.txt ( ) — 38KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12 DRIL-QUIP, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Dril-Quip, Inc. These additional definitive proxy materials are being filed to replace the Security Ownership of Certain Beneficial Owners and Management table included in the Schedule 14A filed by Dril-Quip, Inc. on March 19, 2024 (the Proxy Statement). The following table sets forth the number of shares of our common stock beneficially owned directly or indirectly as of March 11, 2024 or as otherwise indicated below by (i) each person who is known to us to own beneficially more than 5% of our common stock, (ii) each of our directors, director nominees and executive officers and (iii) all directors, director nominees and executive officers as a group. Amount of Beneficial Name of Beneficial Owner (1) Number of Shares Percent of Stock Jeffrey J. Bird (2) 162,827 * Kyle F. McClure (2) 71,005 * James C. Webster (2) 66,735 * Donald M. Underwood (2) 24,343 * Terence B. Jupp (2) 59,615 * Carri A. Lockhart (2) 15,935 * John V. Lovoi (2) 71,242 * Steven L. Newman (2) 59,357 * Amy B. Schwetz (2) 39,227 * Darryl K. Willis (2) 25,364 * All current directors and executive officers as a group (10 persons) (3) 595,650 1.7% BlackRock, Inc. (4) 5,534,233 16.1% 55 East 52nd Street New York, NY 10055 The Vanguard Group (5) 3,867,476 11.2% 100 Vanguard Boulevard Malvern, PA 19355 Brandes Investment Partners, L.P. (6) 2,559,567 7.4% 4275 Executive Square, 5th Floor La Jolla, CA 92037 GAMCO Investors, Inc. et al. (7) 2,194,816 6.4% One Corporate Center Rye, New York 10580-1435 Dimensional Fund Advisors LP (8) 2,150,385 6.2% 6300 Bee Cave Road, Building One Austin, TX 78746 * Less than 1%. (1) Except as indicated in the footnotes to this table and pursuant to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all shares of common stock. The address of each such person, unless otherwise provided, is 2050 West Sam Houston Parkway S., Suite 1100, Houston, Texas 77042. (2) Includes restricted stock held directly in the amount of 104,828 shares by Mr. Bird, 43,170 shares by Mr. Webster, 55,399 shares by Mr. McClure and 16,919 shares by Mr. Underwood. Includes restricted stock held directly in the amount of 11,725 shares by Mr. Lovoi, 11,574 shares by Mr. Jupp, 10,669 shares by Mr. Newman, 9,322 shares by Ms. Lockhart, 8,394 shares by Ms. Schwetz and 10,669 shares by Mr. Willis. (3) Includes Jeffrey J. Bird, James C. Webster, Kyle F. McClure, Donald M. Underwood, John V. Lovoi, Terence B. Jupp, Steven L. Newman, Amy B. Schwetz, Darryl K. Willis and Carri A. Lockhart. (4) Number of shares based on a Schedule 13G/A filed with the Securities and Exchange Commission (SEC) on January 22, 2024. Such filing indicates that BlackRock, Inc. has sole voting power with respect to 5,534,233 shares and sole dispositive power with respect to 5,639,897 shares. (5) Number of shares based on a Schedule 13G/A filed with the SEC on February 13, 2024. Such filing indicates that The Vanguard Group has sole voting power with respect to 0 shares, shared voting power with respect to 22,995 shares, sole dispositive power with respect to 3,815,231 shares and shared dispositive power with respect to 52,245 shares. (6) Number of shares based on a Schedule 13G filed with the SEC on February 12, 2024 by Brandes Investment Partners, L.P. (Brandes). Such filing indicates that (i) Brandes has shared voting power with respect to 1,210,410 shares and shared dispositive power with respect to 2,559,567 shares; (ii) CO-GP, LLC (CO-GP) has shared voting power with respect to 1,210,410 shares and shared dispositive power with respect to 2,559,567 shares; (iii) Brandes Worldwide Holdings, L.P. (Brandes Worldwide) has shared voting power with respect to 1,210,410 shares and shared dispositive power with respect to 2,559,567; and (iv) Glenn Carlson (Mr. Carlson) has shared voting power with respect to 1,210,410 shares and shared dispositive power with respect to 2,559,567 shares. The 2,559,567 shares are deemed to be beneficially owned b

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View this DEFA14A filing on SEC EDGAR