Business Context and Reporting Period
This Form 8-K reports the results of the 2025 Annual General Meeting of Shareholders for Schlumberger Limited (SLB), held on April 2, 2025. The filing details the voting outcomes for director elections, executive compensation, financial statement approvals, auditor ratification, and stock plan amendments.
Key Financial Metrics
This filing is a current report regarding shareholder voting results and does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document references the approval of the consolidated financial statements for the year ended December 31, 2024, as detailed in the company's Form 10-K, but does not reproduce those figures.
Material Changes and Voting Results
All proposals submitted to the shareholders were approved. Key voting outcomes include:
- Director Elections: All nine director nominees were elected. Vote counts varied by nominee, with "For" votes ranging from approximately 929.5 million to 1.009 billion.
- Executive Compensation: The advisory approval of executive compensation passed with approximately 94.5% of votes cast in favor.
- Financial Statements and Dividends: Approval of the 2024 consolidated balance sheet, income statement, and dividend declarations passed with approximately 99.7% of votes cast in favor.
- Auditor Ratification: The appointment of PricewaterhouseCoopers LLP as the independent auditor for 2025 was ratified with approximately 92.4% of votes cast in favor.
- Stock Purchase Plan: The amendment and restatement of the SLB Discounted Stock Purchase Plan was approved with approximately 99.5% of votes cast in favor.
Guidance, Outlook, and Risks
The filing does not provide management commentary, future guidance, outlook, or specific risk factors. It serves strictly to disclose the results of the shareholder vote. The document notes that detailed descriptions of the proposals are available in the Definitive Proxy Statement filed on February 20, 2025.
Investor Verification Checklist
- Verify the specific vote counts for individual directors, particularly those with higher "Against" vote totals (e.g., Vanitha Narayanan and Peter Coleman).
- Review the Definitive Proxy Statement (filed February 20, 2025) for detailed terms of the amended Discounted Stock Purchase Plan.
- Consult the Form 10-K for the fiscal year ended December 31, 2024, to review the actual financial statements and dividend declarations approved by shareholders.
- Confirm the independence and scope of work for PricewaterhouseCoopers LLP as the newly ratified auditor for 2025.