Summary
This 8-K filing from SLB Limited/NV (SLB) reports the outcomes of its Annual General Meeting of Stockholders held on April 7, 2021. The key information for investors revolves around the shareholder votes on various corporate matters. Notably, all eight director nominees were elected, and executive compensation received strong advisory approval. Shareholders also overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for 2021, a critical signal of confidence in the company's financial reporting. Furthermore, the filing details the approval of amendments and restatements for several key stock incentive and purchase plans, including the 2017 Omnibus Stock Incentive Plan, the Discounted Stock Purchase Plan, and the 2004 Stock and Deferral Plan for Non-Employee Directors. The high approval percentages for these proposals indicate broad shareholder support for SLB's governance and compensation structures.
Key Highlights
- 1All eight director nominees were successfully elected by shareholders at the Annual Meeting.
- 2Schlumberger's executive compensation was approved on an advisory basis with a significant 94.6% of the votes cast in favor.
- 3The appointment of PricewaterhouseCoopers LLP as the independent auditor for 2021 was ratified with strong shareholder support (95.3% of votes cast).
- 4Shareholders approved the amendment and restatement of the 2017 Schlumberger Omnibus Stock Incentive Plan with 96.7% of the votes cast.
- 5The amendment and restatement of the Schlumberger Discounted Stock Purchase Plan received overwhelming approval (99.3% of votes cast).
- 6The amendment and restatement of the 2004 Stock and Deferral Plan for Non-Employee Directors was approved with 97.1% of the votes cast.
- 7Shareholder approval was overwhelmingly given to financial statements for the year ended December 31, 2020, and 2020 dividend declarations (99.7% of votes cast).