Business Context and Reporting Period
This Form 8-K reports on the 2014 Annual Meeting of Shareholders for Oil States International, Inc., held on May 15, 2014. 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
No material financial changes or operational updates are disclosed in this filing. The document serves as a record of shareholder actions taken at the annual meeting.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly reports the vote tallies for three specific proposals.
Important Facts for Investors
- Board Elections: Shareholders elected three Class I nominees (Cindy B. Taylor, Christopher T. Seaver, and Lawrence R. Dickerson) with overwhelming support, receiving over 46 million "For" votes each.
- Auditor Ratification: The appointment of Ernst & Young LLP as the independent registered public accounting firm was ratified with 49,002,581 votes "For" versus 876,140 "Against."
- Executive Compensation: The compensation of named executive officers was approved with 46,095,410 votes "For" versus 771,554 "Against."
- Broker Non-Votes: There were 3,032,718 broker non-votes recorded for the director elections, which did not affect the outcome.