8-KLeadership ChangesShareholder MattersExhibits & Filings

Baker Hughes Co 8-K Report, Executive Changes (May 19, 2026)

Filed May 19, 2026For Securities:BKR

Summary

Baker Hughes Company (BKR) held its 2026 Annual Meeting of Stockholders on May 19, 2026, where key proposals regarding executive compensation and equity plans were presented and voted upon. The primary focus for investors revolves around the shareholder approval of the Baker Hughes Company 2026 Long-Term Incentive Plan (2026 LTIP) and the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (ESPP). These plans are designed to foster employee retention, incentivize performance, and align executive and employee interests with those of shareholders through stock-based and cash-based compensation. Additionally, the meeting saw the election of all ten director nominees to the Board, advisory approval of the executive compensation program, and the ratification of KPMG LLP as the independent registered public accounting firm for fiscal year 2026. The overwhelming support for the equity plans and director elections indicates strong shareholder confidence in the company's governance and compensation strategies.

Key Highlights

  • 1Shareholders overwhelmingly approved the 2026 Long-Term Incentive Plan (2026 LTIP), authorizing 9,500,000 new shares of Class A common stock plus remaining availability from the prior plan.
  • 2The Second Amended and Restated Employee Stock Purchase Plan (ESPP) was also approved, increasing the share reserve by 9,500,000 shares for an aggregate of 14,408,532 shares.
  • 3All ten director nominees were elected to the Board of Directors for a one-year term, indicating shareholder confidence in the current leadership.
  • 4An advisory vote on the company's executive compensation program received majority approval, suggesting general shareholder satisfaction with pay practices.
  • 5KPMG LLP was ratified as Baker Hughes' independent registered public accounting firm for fiscal year 2026 with substantial support.
  • 6The approved equity plans are intended to attract, retain, and motivate employees and non-employee directors, promoting a pay-for-performance linkage and aligning interests with shareholders.

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