Business Context and Reporting Period
This Form 8-K reports on the 2021 Annual Meeting of Stockholders for Oil States International, Inc., held on May 11, 2021. The filing details the outcomes of four specific proposals submitted to security holders for a vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results rather than financial performance data.
Material Changes and Voting Results
Stockholders approved the following matters at the Annual Meeting:
- Director Election: E. Joseph Wright was elected as a Class II member of the Board of Directors with 43,386,797 votes for, 4,983,419 withheld, and 5,296,267 broker non-votes.
- Executive Compensation: The advisory approval of named executive officer compensation passed with 45,342,318 votes for, 2,921,436 against, and 106,462 abstentions.
- Auditor Ratification: Ernst & Young LLP was ratified as the independent registered public accounting firm for the year ending December 31, 2021, with 52,518,022 votes for, 844,878 against, and 303,583 abstentions.
- Equity Plan Approval: The Amended and Restated Equity Participation Plan was approved with 46,229,218 votes for, 2,135,689 against, and 5,309 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the procedural results of the shareholder meeting.
Investor Verification Checklist
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Confirm the specific terms of the Amended and Restated Equity Participation Plan approved by shareholders.
- Review the full proxy statement for detailed biographical information on the newly elected director, E. Joseph Wright.
- Check subsequent filings for the official appointment of Ernst & Young LLP for the 2021 fiscal year.