Baker Hughes Co Files DEF 14A with Executive Compensation Details

Ticker: BKR · Form: DEF 14A · Filed: 2024-04-02T00:00:00.000Z

Sentiment: neutral

Topics: Baker Hughes, BKR, DEF 14A, Executive Compensation, Corporate Governance

TL;DR

<b>Baker Hughes Co has filed its DEF 14A, detailing executive compensation and financial data for fiscal years 2020-2023.</b>

AI Summary

Baker Hughes Co (BKR) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Baker Hughes Co filed a DEF 14A on April 2, 2024, for the period ending May 13, 2024. The filing covers fiscal years 2020, 2021, 2022, and 2023. Details on equity awards, pension values, and changes in fair value of awards are included. The company was formerly known as Baker Hughes a GE Co and Bear Newco, Inc. Baker Hughes Co is incorporated in Delaware and headquartered in Houston, TX.

Why It Matters

For investors and stakeholders tracking Baker Hughes Co, this filing contains several important signals. This filing provides crucial insights into the compensation structures and financial performance of Baker Hughes Co's top executives. Investors and stakeholders can use this information to assess executive pay relative to company performance and industry standards.

Risk Assessment

Risk Level: medium — Baker Hughes Co shows moderate risk based on this filing. The filing is a DEF 14A, which primarily concerns executive compensation and corporate governance, rather than immediate financial performance indicators like revenue or net income, suggesting a focus on internal matters.

Analyst Insight

Review the executive compensation details and any disclosed performance metrics to understand how executive pay aligns with the company's strategic goals and financial results.

Key Numbers

2024-04-02 — Filing Date (DEF 14A filing date)
2024-05-13 — Period of Report (Conformed period of report)
2023-12-31 — Fiscal Year End (Fiscal year end date)
2023 — Fiscal Year Data (Data reported for fiscal year 2023)
2022 — Fiscal Year Data (Data reported for fiscal year 2022)
2021 — Fiscal Year Data (Data reported for fiscal year 2021)
2020 — Fiscal Year Data (Data reported for fiscal year 2020)

Key Players & Entities

Baker Hughes Co (company) — Filer name
Baker Hughes a GE Co (company) — Former company name
Bear Newco, Inc. (company) — Former company name
DE (location) — State of incorporation
Houston, TX (location) — Business and mail address city and state

FAQ

When did Baker Hughes Co file this DEF 14A?

Baker Hughes Co filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Baker Hughes Co (BKR).

Where can I read the original DEF 14A filing from Baker Hughes Co?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Baker Hughes Co.

What are the key takeaways from Baker Hughes Co's DEF 14A?

Baker Hughes Co filed this DEF 14A on April 2, 2024. Key takeaways: Baker Hughes Co filed a DEF 14A on April 2, 2024, for the period ending May 13, 2024.. The filing covers fiscal years 2020, 2021, 2022, and 2023.. Details on equity awards, pension values, and changes in fair value of awards are included..

Is Baker Hughes Co a risky investment based on this filing?

Based on this DEF 14A, Baker Hughes Co presents a moderate-risk profile. The filing is a DEF 14A, which primarily concerns executive compensation and corporate governance, rather than immediate financial performance indicators like revenue or net income, suggesting a focus on internal matters.

What should investors do after reading Baker Hughes Co's DEF 14A?

Review the executive compensation details and any disclosed performance metrics to understand how executive pay aligns with the company's strategic goals and financial results. The overall sentiment from this filing is neutral.

How does Baker Hughes Co compare to its industry peers?

Baker Hughes operates in the oil and gas machinery and equipment sector.

Are there regulatory concerns for Baker Hughes Co?

The filing is a DEF 14A, a proxy statement required by the SEC for public companies to solicit proxies from shareholders for annual meetings.

Industry Context

Baker Hughes operates in the oil and gas machinery and equipment sector.

Regulatory Implications

The filing is a DEF 14A, a proxy statement required by the SEC for public companies to solicit proxies from shareholders for annual meetings.

What Investors Should Do

Examine the detailed breakdown of executive compensation packages.
Analyze the changes in equity awards and pension values over the reported fiscal years.
Compare executive compensation trends with the company's overall financial performance if available in related filings.

Year-Over-Year Comparison

This is a DEF 14A filing, which typically focuses on executive compensation and corporate governance, and does not directly compare financial metrics to a prior filing in the same way an 8-K or 10-Q would.

From the Filing

0001193125-24-084804.txt : 20240402 0001193125-24-084804.hdr.sgml : 20240402 20240402163205 ACCESSION NUMBER: 0001193125-24-084804 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 75 CONFORMED PERIOD OF REPORT: 20240513 FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co CENTRAL INDEX KEY: 0001701605 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 814403168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38143 FILM NUMBER: 24814817 BUSINESS ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 BUSINESS PHONE: 713-439-8600 MAIL ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 FORMER COMPANY: FORMER CONFORMED NAME: Baker Hughes a GE Co DATE OF NAME CHANGE: 20170703 FORMER COMPANY: FORMER CONFORMED NAME: Bear Newco, Inc. DATE OF NAME CHANGE: 20170321 DEF 14A 1 d687069ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001701605 0001701605 2023-01-01 2023-12-31 0001701605 2022-01-01 2022-12-31 0001701605 2021-01-01 2021-12-31 0001701605 2020-01-01 2020-12-31 0001701605 bkr:SctEquityMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:SctChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:ChangeFromBoyToEoyInFairValueOfAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:FairValueAtBoyOfAwardsGrantedInPriorYearThatWereForfeitedDuringTheFiscalYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:ChangeInFairValueFromBoyToVestingDateOfAwardsGrantedInAnyPriorFiscalYearThatVestedDuringTheFiscalYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:FairValueOfEquityAwardsGrantedDuringFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001701605 bkr:ChangeFromBoyToEoyInFairValueOfAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:PeoMember 2023-01-01 2023-12-31 0001701605 bkr:FairValueOfEquityAwardsGrantedDuringFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:PeoMember 2023-01-01 2023-12-31 0001701605 bkr:SctEquityMember ecd:PeoMember 2023-01-01 2023-12-31 0001701605 bkr:SctChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0001701605 bkr:ChangeInFairValueFromBoyToVestingDateOfAwardsGrantedInAnyPriorFiscalYearThatVestedDuringTheFiscalYearMember ecd:PeoMember 2023-01-01 2023-12-31 0001701605 4 2023-01-01 2023-12-31 0001701605 3 2023-01-01 2023-12-31 0001701605 2 2023-01-01 2023-12-31 0001701605 1 2023-01-01 2023-12-31 0001701605 bkr:SctChangeInPensionValueMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001701605 bkr:ChangeInFairValueFromBoyToVestingDateOfAwardsGrantedInAnyPriorFiscalYearThatVestedDuringTheFiscalYearMember ecd:PeoMember 2020-01-01 2020-12-31 0001701605 bkr:ChangeFromBoyToEoyInFairValueOfAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:PeoMember 2020-01-01 2020-12-31 0001701605 bkr:FairValueOfEquityAwardsGrantedDuringFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:PeoMember 2020-01-01 2020-12-31 0001701605 bkr:SctEquityMember ecd:PeoMember 2020-01-01 2020-12-31 0001701605 bkr:ChangeFromBoyToEoyInFairValueOfAwardsGrantedInAnyPriorFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001701605 bkr:SctEquityMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001701605 bkr:FairValueOfEquityAwardsGrantedDuringFiscalYearThatAreOutstandingAndUnvestedAtEoyMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001701605 bkr:ChangeInFairValueFromBoyToVestingDateOfAwardsGrantedInAnyPriorFiscalYearThatVestedDuringTheFiscalYearMember ecd:NonPeoNeoMember 2020-01-01 2020-12-31 0001701605 bkr:FairValueAtBoyOfAwardsGr