Business Context and Reporting Period
This Form 8-K reports on the 2024 Annual Meeting of Stockholders for Oil States International, Inc., held on May 7, 2024. The filing details the outcomes of three 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 voting results rather than financial performance data.
Material Changes and Voting Results
The following material actions were approved by stockholders at the Annual Meeting:
- Director Elections: Two Class II members were elected to the Board of Directors to serve until the 2027 Annual Meeting.
- Denise Castillo-Rhodes: 46,866,058 votes For; 4,037,429 votes Withheld.
- E. Joseph Wright: 43,872,312 votes For; 7,031,175 votes Withheld.
- Executive Compensation: Stockholders approved, on an advisory basis, the compensation of named executive officers.
- 43,233,328 votes For; 7,462,905 votes Against; 207,254 votes Abstain.
- Auditor Ratification: Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2024.
- 53,792,615 votes For; 948,164 votes Against; 48,123 votes Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the tenure of the newly elected directors (Denise Castillo-Rhodes and E. Joseph Wright) through the 2027 Annual Meeting.
- Confirm the appointment of Ernst & Young LLP as the auditor for the fiscal year ending December 31, 2024.
- Note the significant number of broker non-votes (3,885,415) recorded for the director elections and executive compensation proposal.