Business Context and Reporting Period
This Form 8-K reports on the 2015 Annual Meeting of Shareholders for Oil States International, Inc., held on May 12, 2015. The filing details the outcomes of shareholder votes regarding board elections, auditor ratification, and executive compensation.
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
Shareholders approved three key proposals at the Annual Meeting:
- Board of Directors Election: Three Class II nominees were elected.
- S. James Nelson: 41,933,251 For; 414,135 Withheld.
- Gary L. Rosenthal: 41,609,013 For; 738,373 Withheld.
- William T. Van Kleef: 41,935,006 For; 412,380 Withheld.
- Broker Non-Votes for all nominees: 5,754,982.
- Auditor Ratification: Ernst & Young LLP was ratified as the independent registered public accounting firm for the year ended December 31, 2015.
- For: 47,679,083
- Against: 331,808
- Abstain: 91,477
- Executive Compensation: The compensation of named executive officers was approved.
- For: 41,020,091
- Against: 1,216,217
- Abstain: 111,078
- Broker Non-Votes: 5,754,982
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Important Facts for Investors to Verify
- Confirmation that the three Class II directors were successfully seated on the Board.
- Verification of the auditor appointment for the fiscal year ending December 31, 2015.
- Review of the specific executive compensation plan details approved by shareholders, which are not detailed in this summary.
- Analysis of the significant number of broker non-votes (5,754,982) regarding director elections and executive compensation.