Nabors Industries Ltd. Files 8-K for Security Holder Vote

TL;DR

Nabors Industries is calling for a shareholder vote. Details to follow.

AI Summary

On June 4, 2024, Nabors Industries Ltd. filed an 8-K report to announce a submission of matters to a vote of its security holders. The filing does not disclose the specific matters to be voted on or the date of the shareholder meeting.

Why It Matters

This filing indicates that Nabors Industries Ltd. is preparing for a shareholder vote, which could involve significant corporate decisions or changes.

Risk Assessment

Risk Level: low — The filing is procedural and does not contain immediate financial or operational risks.

Key Players & Entities

• Nabors Industries Ltd. (company) — Registrant
• June 4, 2024 (date) — Date of earliest event reported

FAQ

Filing Documents

• tm2416543d1_8k.htm (8-K) — 43KB
• 0001104659-24-069061.txt ( ) — 215KB
• nbr-20240604.xsd (EX-101.SCH) — 3KB
• nbr-20240604_lab.xml (EX-101.LAB) — 33KB
• nbr-20240604_pre.xml (EX-101.PRE) — 22KB
• tm2416543d1_8k_htm.xml (XML) — 4KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. The annual general meeting of shareholders (the "Annual Meeting") of the Company was held on June 4, 2024. Holders of 8,600,800 shares, representing 80.35% of our outstanding shares of common stock entitled to vote as of the record date for the Annual Meeting, participated in person or by proxy. As explained in our proxy statement relating to the Annual Meeting: In accordance with the Company's Bye-Laws, directors are elected by a plurality of the votes cast. However, the Company has adopted a policy requiring that, in the event a nominee does not receive the affirmative vote of a majority of the shares voted in connection with his or her election, he or she must promptly tender his or her contingent resignation from the Board of Directors (the "Board"), which the Board will accept unless it determines that it would not be in the Company's best interests to do so. Approval of the other matters considered at the Annual Meeting required the affirmative vote of the holders of a majority of shares present in person or represented by proxy and entitled to vote at the meeting, with abstentions having the effect of votes against a proposal and broker nonvotes being disregarded in the calculation. The matters voted upon at the Annual Meeting were: A. Election of Directors * Shares For Shares Withheld Nonvotes Result Tanya S. Beder 4,321,010 3,180,481 1,099,309 Approved Anthony R. Chase 4,490,836 3,010,655 1,099,309 Approved James R. Crane 6,887,980 613,511 1,099,309 Approved John P. Kotts 4,491,779 3,009,712 1,099,309 Approved Michael C. Linn 6,039,186 1,462,305 1,099,309 Approved Anthony G. Petrello 6,905,614 595,877 1,099,309 Approved John Yearwood 6,835,831 665,660 1,099,309 Approved *All directors were elected by a majority of shares voted. B. Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for th

View Full Filing

View this 8-K filing on SEC EDGAR