01—Abstract
Summary
Summary of the 8-K filed April 2, 2025. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from SLB LIMITED/NV (SLB) reports on the outcomes of its 2025 Annual General Meeting of Shareholders, held on April 2, 2025.
The meeting was a significant event where shareholders cast votes on key corporate matters, including the election of directors, executive compensation, approval of financial statements and past dividends, ratification of auditors, and amendments to a stock purchase plan. The overwhelming approval across all proposals indicates strong shareholder confidence in the current board and the company's financial reporting and governance practices. Key outcomes include the election of all nine director nominees and strong advisory approval for executive compensation (94.5%a).
Shareholders also overwhelmingly approved SLB's financial statements and 2024 dividend declarations (99.7%b), ratified PricewaterhouseCoopers LLP as the 2025 independent auditors (92.4%), and approved amendments to the Discounted Stock Purchase Plan (99.5%). These results signal a stable and well-supported governance framework for SLB moving forward.
02—Key points
Key Highlights
- All nine director nominees were successfully elected by shareholders.
- Executive compensation received strong advisory approval, with approximately 94.5% of votes cast in favor.
- Shareholders overwhelmingly approved SLB's consolidated financial statements for the year ended December 31, 2024, and 2024 dividend declarations, with 99.7% of votes cast in favor.
- PricewaterhouseCoopers LLP was ratified as the independent auditors for 2025 with a substantial 92.4% approval.
- An amendment and restatement of the SLB Discounted Stock Purchase Plan was approved by 99.5% of the votes cast.
- The overall voting outcomes demonstrate significant shareholder support for the company's leadership, financial reporting, and governance proposals.
03—Questions
Frequently Asked Questions
What were the main outcomes of the SLB 2025 Annual General Meeting?
The main outcomes include the election of all director nominees, advisory approval of executive compensation, approval of the company's financial statements and 2024 dividends, ratification of the independent auditors for 2025, and approval of amendments to the Discounted Stock Purchase Plan. All proposals received significant shareholder support.
How did shareholders vote on executive compensation?
Shareholders approved SLB's executive compensation on an advisory basis, with approximately 94.5% of the votes cast voting in favor of the proposal.
Who are SLB's independent auditors for 2025?
PricewaterhouseCoopers LLP has been ratified as the independent auditors of SLB for 2025, with approximately 92.4% of the votes cast supporting this appointment.
Were there any proposals that did not pass?
According to this filing, all proposals presented at the Annual General Meeting were passed by shareholders.
04—Continue