Summary
SLB Limited/NV (SLB) filed an 8-K on August 6, 2018, to announce the appointment of two new directors to its Board of Directors, effective October 16, 2018. Mr. Mark Papa and Ms. Tatiana Mitrova will serve until the next annual general meeting and will be subject to stockholder election. Their specific committee assignments are yet to be determined, and the company will provide further details on any potential material interests or transactions requiring disclosure via an amendment to this report. Both directors will participate in the company's standard non-employee director compensation arrangements and will receive a pro-rated amount for fiscal year 2018, along with entering into the company's standard director indemnity agreement.
Key Highlights
- 1Appointment of Mr. Mark Papa and Ms. Tatiana Mitrova as new directors to the Board, effective October 16, 2018.
- 2Both new directors will serve until the next annual general meeting and are subject to stockholder election.
- 3Committee assignments for the new directors have not yet been determined.
- 4The company will file an amendment to provide further details on potential material interests or transactions involving the new directors.
- 5New directors will participate in SLB's standard non-employee director compensation plan.
- 6New directors will be eligible for a pro-rated compensation for fiscal year 2018.
- 7Mr. Papa and Ms. Mitrova have entered into the company's standard director indemnity agreement.