Business Context and Reporting Period
This Form 8-K filing by Oil States International, Inc. reports on the results of the 2013 Annual Meeting of Shareholders held on May 15, 2013. The document details the voting outcomes for director elections, auditor ratification, executive compensation, and equity plan amendments.
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 and shareholder voting results.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The primary events are the successful election of three Class III directors and the ratification of the independent auditor.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on financial outlook, or discussion of risks and contingencies. It strictly documents the procedural outcomes of the shareholder meeting.
Important Facts for Investors
- Director Elections: Shareholders elected Martin A. Lambert, Mark G. Papa, and Stephen A. Wells to the Board of Directors. Notably, Mark G. Papa received a significant number of withheld votes (9,967,306) compared to the other nominees.
- Auditor Ratification: Ernst & Young LLP was ratified as the independent registered public accounting firm with 51,504,781 votes in favor.
- Executive Compensation: The "say-on-pay" proposal to approve named executive officer compensation was approved with 48,733,662 votes in favor.
- Equity Plan Approval: Shareholders approved the amended and restated 2001 Equity Participation Plan with 48,272,687 votes in favor.