Nabors Industries 2024 Shareholder Meeting Set for June 4

Ticker: NBRWF · Form: DEF 14A · Filed: Apr 25, 2024 · CIK: 1163739

Nabors Industries LTD DEF 14A Filing Summary
FieldDetail
CompanyNabors Industries LTD (NBRWF)
Form TypeDEF 14A
Filed DateApr 25, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$16,400, $2.0 billion, $1.6 billion, $500 million, $0.58 billion
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, annual-meeting, shareholder-voting

TL;DR

Nabors shareholder meeting June 4th. Vote online, mail, or phone.

AI Summary

Nabors Industries Ltd. is holding its 2024 Annual Meeting of Shareholders on June 4, 2024, at 10:00 a.m. Central Time at their Houston offices. Shareholders of record as of April 8, 2024, are eligible to vote either online, by mail, by phone, or in person with proper documentation. The meeting will cover standard corporate business.

Why It Matters

This annual meeting is a key event for shareholders to exercise their voting rights on corporate matters and influence the company's direction.

Risk Assessment

Risk Level: low — This filing is a standard proxy statement announcing an annual shareholder meeting and does not contain significant new financial or strategic information.

Key Players & Entities

FAQ

When is the Nabors Industries Ltd. 2024 Annual Meeting of Shareholders?

The meeting is scheduled for Tuesday, June 4, 2024, at 10:00 a.m. Central Time.

Who is eligible to vote at the Annual Meeting?

Shareholders of record at the close of business on April 8, 2024, are eligible to vote.

Where will the Annual Meeting be held?

The meeting will take place at The Offices of Nabors Corporate Services, Inc., 515 W. Greens Road, Houston, TX 77067.

What are the methods for shareholders to cast their vote?

Shareholders can vote online at www.proxyvote.com, by mail, by phone at 1-800-690-6903, or in person if they are beneficial owners with a legal proxy.

What type of filing is this document?

This document is a Schedule 14A (DEF 14A), a Proxy Statement filed by Nabors Industries Ltd. pursuant to Section 14(a) of the Securities Exchange Act of 1934.

Filing Stats: 4,376 words · 18 min read · ~15 pages · Grade level 17.1 · Accepted 2024-04-25 15:12:14

Key Financial Figures

Filing Documents

EXECUTIVE COMPENSATION TABLES

EXECUTIVE COMPENSATION TABLES 72 Summary Compensation Table 72 Grants of Plan-Based Awards 73 Options Exercises and Shares Vested 74 Outstanding Equity Awards at Fiscal Year End 75 Nonqualified Deferred Compensation 75 Potential Payments Upon Termination or Change in Control 76 CEO Pay Ratio Disclosure 78 Pay-Versus Performance 79 PROPOSAL 4: APPROVAL OF AMENDMENT NO. 3 TO THE COMPANY'S AMENDED AND RESTATED 2016 STOCK PLAN 84 ADDITIONAL INFORMATION 94 General Information 94 ANNEX A A-1 Reconciliation of Non-GAAP Measures A-2 ANNEX B AMENDMENT NO. 3 TO AMENDED AND RESTATED NABORS INDUSTRIES LTD. 2016 STOCK PLAN B-1 ANNEX C AMENDED AND RESTATED NABORS INDUSTRIES LTD. 2016 STOCK PLAN C-1 2024 Proxy Statement LETTERS FROM LEADERSHIP From our Chairman of the Board, President, and CEO Dear Fellow Shareholders: We made several notable accomplishments in 2023. The strength of our performance was broad, and once again demonstrated the value of each element in our long-term strategy. We achieved this performance in the face of an increasingly challenging operating environment in the U.S. market. The year began with excellent rig utilization in the Lower 48 market. The combination of volatile oil prices and a sharp decline in natural gas prices caused operators to reduce activity broadly. Additionally, the impact of mergers among the operator client base and persistent economic uncertainty weighed on rig counts. Notwithstanding the prevailing market conditions, Nabors leading technology portfolio, global geographic presence, and talented and diverse workforce position us well for future success. In fact, the company is structured to prosper in this environment. Our industry-leading solutions and unique geographic diversity enabled us to mitigate much of the downturn in the U.S. In 2023, adjusted EBITDA grew 29% over 2022. All of our reporting segments contributed to this improvement. Revenue increased

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