Business Context and Reporting Period
This Form 8-K Current Report from Oil States International, Inc. covers the 2017 Annual Meeting of Stockholders held on May 9, 2017. The filing details the submission of matters to a vote of security holders, including director elections, executive compensation approval, and auditor ratification.
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 and does not contain financial performance data.
Material Changes
No material financial changes or operational updates are reported in this filing. The document serves solely to disclose the outcomes of the shareholder vote.
Guidance, Outlook, and Management Commentary
The filing contains no management guidance, outlook, risk factors, or contingencies. The primary content is the tabulation of votes for four specific proposals:
- Director Elections: Stockholders elected three Class I members (Lawrence R. Dickerson, Christopher T. Seaver, and Cindy B. Taylor) to the Board of Directors.
- Executive Compensation: Stockholders voted in favor of the compensation of named executive officers.
- Compensation Vote Frequency: Stockholders selected an annual (every one year) frequency for future advisory votes on executive compensation.
- Auditor Ratification: Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2017.
Important Facts for Investors to Verify
- Confirmation that the three Class I director nominees received majority support for election.
- Verification that the annual frequency was selected for future executive compensation advisory votes.
- Confirmation of the ratification of Ernst & Young LLP as the independent auditor.
- Review of the specific vote counts to assess the level of shareholder dissent, particularly regarding the compensation proposal where approximately 2.1 million votes were cast against.