What is the primary purpose of the Schlumberger 2010 Stock Incentive Plan?

The 2010 Stock Incentive Plan is designed to provide eligible employees with incentives in the form of stock options, stock appreciation rights (SARs), restricted stock, and restricted stock units. The goal is to align employee interests with those of shareholders and to attract and retain key talent.

What does the amendment to the Discounted Stock Purchase Plan (DSPP) entail?

The amendment to the DSPP increases the total number of shares available for purchase under the plan by 10,000,000. This allows more employees to purchase company stock at a discounted price, further promoting employee share ownership.

Were there any notable 'against' votes on the key proposals?

While all proposals received overwhelming support, the 2010 Stock Incentive Plan saw the highest number of 'against' votes (approximately 4.3% of votes cast), though it still passed by a significant margin.

SLB 8-K: Leadership Changes & Shareholder Matters

Q: Who has been appointed as SLB's auditor for 2010?

PricewaterhouseCoopers LLP has been appointed as the independent registered public accounting firm to audit SLB's accounts for the fiscal year 2010.

Summary

This 8-K filing by SLB LIMITED/NV (SLB) on April 9, 2010, primarily details the outcomes of their Annual Stockholders' Meeting held on April 7, 2010. The most significant events for investors include the overwhelming approval of the Schlumberger 2010 Stock Incentive Plan (2010 Stock Plan) and an amendment to the Schlumberger Discounted Stock Purchase Plan (DSPP). These approvals signal the company's continued commitment to employee compensation and share ownership programs, which can be important for aligning management and employee interests with those of shareholders. Furthermore, the filing confirms the election of all director nominees and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2010. The approval of financial statements for fiscal year 2009 and dividend declarations demonstrates transparency and adherence to established corporate governance practices. Overall, the meeting results indicate strong shareholder support for the company's strategic initiatives and governance.

Key Highlights

1Stockholders overwhelmingly approved the Schlumberger 2010 Stock Incentive Plan, allowing for grants of stock options, SARs, restricted stock, and restricted stock units for employees, covering up to 30 million shares.
2An amendment to the Schlumberger Discounted Stock Purchase Plan (DSPP) was approved, increasing the number of shares available for purchase by 10 million.
3All director nominees presented at the 2010 Annual Meeting were elected by shareholders.
4Shareholders approved the company's Consolidated Balance Sheet as of December 31, 2009, Consolidated Statement of Income for 2009, and the 2009 dividend declarations.
5PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year 2010.
6The 2010 Stock Plan was approved with approximately 95.4% of the votes cast, and the DSPP amendment received approximately 99.0% approval.
7The filing confirms SLB's corporate structure, with principal executive offices in Paris, France; Houston, Texas; and The Hague, Netherlands.

SLB LIMITED/NV 8-K Report, Executive Changes (Apr 9, 2010)

Summary

Key Highlights

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