Nabors Industries Files 8-K on Shareholder Votes
Ticker: NBRWF · Form: 8-K · Filed: Jan 17, 2025 · CIK: 1163739
| Field | Detail |
|---|---|
| Company | Nabors Industries LTD (NBRWF) |
| Form Type | 8-K |
| Filed Date | Jan 17, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.05 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, regulatory-filing
Related Tickers: NBR
TL;DR
Nabors Industries filed an 8-K for a shareholder vote. Details TBD.
AI Summary
Nabors Industries Ltd. filed an 8-K on January 17, 2025, to report on matters submitted to a vote of its security holders. The filing does not contain specific details about the voting matters or outcomes, but it fulfills the company's reporting obligation under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates that Nabors Industries Ltd. has held or is reporting on a shareholder vote, which is a standard corporate governance event. Investors can review the details of the vote for insights into company management and shareholder sentiment.
Risk Assessment
Risk Level: low — This is a routine corporate filing regarding shareholder votes and does not inherently present new financial or operational risks.
Key Players & Entities
- Nabors Industries Ltd. (company) — Registrant
- January 17, 2025 (date) — Date of report
- Securities Exchange Act of 1934 (legal_document) — Governing regulation
FAQ
What specific matters were submitted to a vote of Nabors Industries Ltd. security holders?
The provided 8-K filing does not specify the exact matters submitted to a vote of security holders. It only indicates that such matters were reported on.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 17, 2025.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is Nabors Industries Ltd.
Under which section of the Securities Exchange Act of 1934 is this 8-K report filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the principal executive office address of Nabors Industries Ltd. as listed in the filing?
The principal executive offices are located at Crown House, 4 Par-la-Ville Road, Second Floor, Hamilton, HM08, Bermuda.
Filing Stats: 766 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2025-01-17 16:04:50
Key Financial Figures
- $0.05 — ance of Nabors common shares, par value $0.05 per share, to stockholders of Parker, i
Filing Documents
- d925130d8k.htm (8-K) — 28KB
- 0001193125-25-008408.txt ( ) — 150KB
- nbr-20250117.xsd (EX-101.SCH) — 3KB
- nbr-20250117_lab.xml (EX-101.LAB) — 18KB
- nbr-20250117_pre.xml (EX-101.PRE) — 11KB
- d925130d8k_htm.xml (XML) — 4KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 17, 2025 NABORS INDUSTRIES LTD. (Exact Name of Registrant as Specified in Charter) Bermuda 001-32657 98-0363970 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Crown House 4 Par-la-Ville Road Second Floor Hamilton , HM08 Bermuda (Address of Principal Executive Offices, and Zip Code) (441) 292-1510 Registrant's Telephone Number, Including Area Code N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares NBR New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.07.Submission of Matters to a Vote of Security Holders On January 17, 2025, Nabors Industries Ltd. ("Nabors" or the "Company") held a special general meeting of shareholders (the "Special General Meeting") to consider the proposals set forth in the definitive proxy statement of the Company filed with the U.S. Securities and Exchange Commission on October 31, 2024, as amended on December 4, 2024 (as amended, the "Proxy Statement"), in connection with the Agreement and Plan of Merger (such agreement, as it may be amended, modified or supplemented from time to time, the "merger agreement") by and among Nabors, Parker Drilling Company ("Parker"), Nabors SubA Corporation, a Delaware corporation and a wholly owned subsidiary of Nabors ("Merger Sub"), and Vrde Partners, Inc., a Delaware corporation, solely in its capacity as the representative of the stockholders of Parker, providing for the merger (the "merger") of Merger Sub with and into Parker, with Parker surviving the merger as a wholly owned subsidiary of Nabors. A total of 7,548,890 Nabors common shares, representing approximately 70.49% of the Nabors common shares issued and outstanding and entitled to vote as of the record date for the Special General Meeting, were present virtually or by proxy at the Special General Meeting, constituting a quorum to conduct business. At the Special General Meeting, the following proposals were considered: (1) the proposal to approve the issuance of Nabors common shares, par value $0.05 per share, to stockholders of Parker, in connection with the merger (the "Nabors share issuance proposal"); and (2) the proposal to approve the adjournment of the Special General Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies in the event there are not sufficient votes at the time of the Special General Meeting to approve the Nabors share issuance proposal (the "Nabors adjournment proposal"). The Nabors share issuance proposal was approved by the requisite vote of the Company's shareholders. Sufficient votes were received to approve the Nabors adjournment proposal, but such an adjournment was not necessary in light of the approval of the Nabors share issuance proposal. The final voting results for each proposal are described below. For more information on each of these proposals, please refer to the Proxy Statement. Proposal 1 – Nabors share issuance proposal Votes For Votes Against Abstentions 6,882,425 653,125 13,340 RESULT: Approved (91.17%) Proposal 2 – Nabors adjournment proposal Votes For Votes Against Abstentions 6,616,172 918,880 13,838 RESULT: Approved (87.64%) No other matters were submitted for shareholder action at the Special General Meeting. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NABORS