Valaris Sets Annual Meeting Date, Votes on Directors & Auditors
Ticker: VAL-WT · Form: 8-K · Filed: Jun 17, 2024 · CIK: 314808
Sentiment: neutral
Topics: annual-meeting, governance, auditor
TL;DR
Valaris' annual shareholder meeting is July 18th - vote on directors, auditors, and exec pay.
AI Summary
Valaris Limited announced on June 12, 2024, that it has scheduled its 2024 Annual General Meeting of Shareholders for July 18, 2024. The meeting will include the election of directors and a vote on the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Shareholders will also vote on an advisory resolution to approve executive compensation.
Why It Matters
This filing informs shareholders about key corporate governance decisions, including director elections and auditor appointments, which are crucial for company oversight and financial integrity.
Risk Assessment
Risk Level: low — This is a routine corporate filing announcing an annual meeting and related voting matters, with no immediate financial or operational risks disclosed.
Key Players & Entities
- Valaris Limited (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Proposed independent registered public accounting firm
- July 18, 2024 (date) — Date of 2024 Annual General Meeting of Shareholders
- June 12, 2024 (date) — Date of earliest event reported
FAQ
When is Valaris Limited's 2024 Annual General Meeting of Shareholders?
The 2024 Annual General Meeting of Shareholders is scheduled for July 18, 2024.
What are the key items to be voted on at the meeting?
Shareholders will vote on the election of directors, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024, and an advisory resolution to approve executive compensation.
Who is proposed to be Valaris' independent registered public accounting firm for fiscal year 2024?
PricewaterhouseCoopers LLP is proposed to be appointed as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024.
What is the fiscal year end for which the auditor is being appointed?
The auditor is being appointed for the fiscal year ending December 31, 2024.
What is the earliest event date reported in this 8-K filing?
The date of the earliest event reported is June 12, 2024.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 12.3 · Accepted 2024-06-17 17:10:22
Filing Documents
- val-20240612.htm (8-K) — 64KB
- 0000314808-24-000089.txt ( ) — 226KB
- val-20240612.xsd (EX-101.SCH) — 3KB
- val-20240612_def.xml (EX-101.DEF) — 15KB
- val-20240612_lab.xml (EX-101.LAB) — 27KB
- val-20240612_pre.xml (EX-101.PRE) — 16KB
- val-20240612_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 (a) Valaris Limited (the "Company") held its 2024 Annual General Meeting of Shareholders in Bermuda on June 12, 2024. (b) There were 72,410,818 shares entitled to vote at the meeting based on the April 15, 2024 record date, of which 63,955,090 shares, or 88.32%, were present and voting in person or by proxy. The following matters, detailed descriptions of which are contained in the 2024 Proxy Statement, were voted on at the meeting: (1) To elect each of the following Directors to serve until the next Annual General Meeting of Shareholders or until their respective offices are otherwise vacated in accordance with the bye-laws of the Company: a. Anton Dibowitz Broker Votes For Votes Against Votes Abstain Non-Votes 58,040,894 45,423 20,669 5,848,104 b. Dick Fagerstal Broker Votes For Votes Against Votes Abstain Non-Votes 58,032,824 54,871 19,291 5,848,104 c. Joseph Goldschmid Broker Votes For Votes Against Votes Abstain Non-Votes 57,478,143 608,179 20,664 5,848,104 d. Catherine J. Hughes Broker Votes For Votes Against Votes Abstain Non-Votes 58,032,976 52,888 21,122 5,848,104 e. Kristian Johansen Broker Votes For Votes Against Votes Abstain Non-Votes 58,054,948 29,310 22,728 5,848,104 f. Elizabeth D. Leykum Broker Votes For Votes Against Votes Abstain Non-Votes 57,591,986 494,768 20,232 5,848,104 g. Deepak Munganahalli Broker Votes For Votes Against Votes Abstain Non-Votes 57,184,541 896,641 25,804 5,848,104 h. James W. Swent, III Broker Votes For Votes Against Votes Abstain Non-Votes 51,066,695 7,018,707 21,584 5,848,104 (2) To approve on an advisory, non-binding basis the compensation of the Company's named executive officers: Broker Votes For Votes Against Votes Abstain Non-Votes 56,320,074 1,747,224 39,688 5,848,104 (3) To approve the appointment of KPMG LLP as the Company's independent registered public accounting firm until the close of the next Annu