DRIL-QUIP, INC. (NYSE:DRQ) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
Submission of Matters to a Vote of Security Holders. |
At the annual meeting of stockholders of Dril-Quip, Inc.
(Dril-Quip) held on May12, 2017, the matters voted upon and the
number of votes cast for or against, as well as the number of
abstentions and broker non-votes as to such matters, were as
stated below. The proposals related to each matter are described
in detail in Dril-Quips definitive proxy statement for the annual
meeting, which was filed with the SEC on March31, 2017.
Proposal 1Election of Directors
The following nominees for director were elected to serve
three-year terms expiring at the 2020 annual meeting of
stockholders by a majority of the votes cast at the annual
meeting:
For |
Against |
Abstentions |
BrokerNon-Votes |
|||||
Blake T. DeBerry |
33,865,195 | 640,450 | 29,114 | 1,830,234 | ||||
John V. Lovoi |
32,525,951 | 1,979,789 | 29,019 | 1,830,234 |
Proposal 2Approval of Appointment of Independent
Registered Public Accounting Firm
The appointment of PricewaterhouseCoopers LLP as independent
registered public accountants for Dril-Quip for 2017 was approved
by the majority of the votes cast for or against the proposal at
the meeting:
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
36,309,082 |
27,593 | 28,318 |
Proposal 3Advisory Vote to Approve Executive
Compensation
The advisory vote on the compensation of Dril-Quips named
executive officers received the affirmative vote of a majority of
the votes cast for or against the proposal at the meeting:
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
33,100,916 |
1,398,667 | 35,176 | 1,830,234 |
Proposal 4Advisory Vote on the Frequency of Advisory
Votes to Approve Executive Compensation
With respect to the advisory vote on the frequency with which to
hold future advisory votes on the compensation of Dril-Quips
named executive officers, One Year received the highest number of
affirmative votes cast for the proposal at the meeting:
One Year |
TwoYears |
Three Years |
Abstentions |
BrokerNon-Votes |
||||
32,049,559 |
6,101 | 2,450,458 | 28,641 | 1,830,234 |
In accordance with the results of this advisory vote, Dril-Quip
has determined that it will hold a non-binding advisory vote to
approve executive compensation every year, until the next
required non-binding advisory vote on the frequency of future
non-binding
advisory votes to approve executive compensation.
Proposal
5Approval of the 2017 Omnibus Incentive Plan of
Dril-Quip
The 2017 Omnibus
Incentive Plan of Dril Quip was approved by the majority of the
votes cast for or against the proposal at the meeting:
For |
Against |
Abstentions |
BrokerNon-Votes |
|||
22,757,690 |
11,768,039 | 9,030 | 1,830,234 |
About DRIL-QUIP, INC. (NYSE:DRQ)
Dril-Quip, Inc. (Dril-Quip) designs, manufactures, sells and services engineered offshore drilling and production equipment. The Company’s principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, wellhead connectors and diverters. The Company’s operations are organized into three geographic segments-Western Hemisphere, including North and South America; Eastern Hemisphere, including Europe and Africa, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East. The Company provides services to customers, including technical advisory assistance and rental tools during installation and retrieval of the Company’s products. The Company also provides rework and reconditioning services on its customer-owned products. DRIL-QUIP, INC. (NYSE:DRQ) Recent Trading Information
DRIL-QUIP, INC. (NYSE:DRQ) closed its last trading session up +0.60 at 52.90 with 333,953 shares trading hands.