NEWPARK RESOURCES, INC. (NYSE:NR) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 Submission of Matters to a Vote of Security Holders.
At the Company's Annual Meeting of Stockholders held on May 18, 2017, the Company's stockholders voted to hold an advisory "say-on-pay" vote every year. As a result of these stockholder votes and in accordance with its previous recommendation in the Company's definitive Proxy Statement on Schedule 14A filed with the SEC on April 6, 2017, the Company’s Board of Directors determined that the Company will hold future "say-on-pay" votes on an annual basis until the occurrence of the next advisory vote on the frequency of "say-on-pay" votes.
About NEWPARK RESOURCES, INC. (NYSE:NR)
Newpark Resources, Inc. is an oil and gas supplier. The Company provides products and services to the oil and gas exploration (E&P) industry. The Company operates its business through two segments: Fluids Systems, and Mats and Integrated Services. The Company’s Fluids Systems segment offers customized solutions, including technical drilling projects involving subsurface conditions, such as horizontal, directional, geologically deep or deep water drilling. It offers drilling fluids solutions to E&P customers in North America; Europe, the Middle East and Africa (EMEA); Latin America, and Asia Pacific. The Mats and Integrated Services segment provides composite mat rentals, well site construction and related site services to oil and gas customers at well, production, transportation and refinery locations in the United States. The Company manufactures DURA-BASE Advanced Composite Mats for use in its rental operations, as well as for third-party sales.