Business Context and Reporting Period
This Form 8-K reports on the 2016 Annual Meeting of Stockholders for Oil States International, Inc., held on May 10, 2016. The filing details the outcomes of three specific proposals submitted to security holders.
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.
Material Changes and Voting Results
Stockholders voted on the following matters:
- Election of Directors: Two Class III nominees were elected.
- Mark G. Papa: 39,155,291 votes For, 7,169,881 Withheld.
- Stephen A. Wells: 40,338,103 votes For, 5,987,069 Withheld.
- Ratification of Auditors: Ernst & Young LLP was ratified as the independent registered public accounting firm for the year ended December 31, 2016.
- 47,983,786 votes For, 362,082 Against, 11,171 Abstain.
- Executive Compensation: The compensation of named executive officers was approved.
- 44,488,010 votes For, 1,788,365 Against, 48,797 Abstain.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation that Mark G. Papa and Stephen A. Wells have officially joined the Board of Directors.
- Verification that Ernst & Young LLP remains the independent auditor for the 2016 fiscal year.
- Review of the specific executive compensation plan approved by the majority of shareholders.