01—Abstract
Summary
Summary of the 8-K filed May 15, 2024. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company held its Annual Meeting of Shareholders on May 15, 2024, where shareholders voted on four matters: the election of directors, ratification of KPMG LLP as independent public accountants for 2024, an advisory approval of executive compensation, and approval of an amended and restated Halliburton Company Stock and Incentive Plan.
All director nominees were elected, and all four proposals were approved. The director elections showed varying levels of support. Most nominees received hundreds of millions of votes in favor, with each nominee's votes for, against, and abstaining reported in the filing.
A.M. Bennett (628,894,172 for; 80,772,987 against) and T.M. Edwards Young (626,497,900 for; 83,498,725 against) drew the most opposition, while B.V.
Patel (708,310,032 for; 1,853,975 against) and E.M. Cummings (706,981,018 for; 3,164,349 against) drew the least. The auditor ratification received 737,725,156 votes for, 49,628,069 against, and 696,959 abstaining.
The advisory say-on-pay resolution passed with 687,676,200 votes for and 22,088,293 against, and the stock and incentive plan amendment passed with 679,883,962 votes for and 29,937,596 against. Broker non-votes were 77,367,570 on the director, executive compensation, and plan proposals.
02—Key points
Key Highlights
- All 12 director nominees were elected at the May 15, 2024 Annual Meeting.
- Shareholders ratified KPMG LLP as independent public accountants for 2024 with 737,725,156 votes for and 49,628,069 against.
- The advisory resolution approving executive compensation as described in the proxy statement passed with 687,676,200 votes for and 22,088,293 against.
- Shareholders approved the amendment and restatement of the Halliburton Company Stock and Incentive Plan, with 679,883,962 votes for and 29,937,596 against.
- A.M. Bennett and T.M. Edwards Young received the most opposing votes among director nominees, at 80,772,987 and 83,498,725 against, respectively.
- Broker non-votes totaled 77,367,570 on the director, executive compensation, and stock plan proposals.
03—Questions
Frequently Asked Questions
Who was elected to Halliburton's Board of Directors?
All director nominees were elected at the May 15, 2024 Annual Meeting: A.F. Al Khayyal, W.E. Albrecht, M.K. Banks, A.M. Bennett, E.M. Cummings, M.S. Gerber, R.A. Malone, J.A. Miller, B.V. Patel, M.S. Smith, J.L. Weiss, and T.M. Edwards Young.
Which auditor did shareholders approve for 2024?
Shareholders ratified the appointment of KPMG LLP as independent public accountants to examine Halliburton's financial statements and books and records for 2024, with 737,725,156 votes for, 49,628,069 against, and 696,959 abstaining.
Did shareholders approve executive compensation?
Yes. The advisory resolution to approve executive compensation as described in the proxy statement passed with 687,676,200 votes for, 22,088,293 against, and 918,121 abstaining.
What did shareholders approve regarding the stock plan?
Shareholders approved the amendment and restatement of the Halliburton Company Stock and Incentive Plan, with 679,883,962 votes for, 29,937,596 against, and 861,056 abstaining.
04—Continue