TIDEWATER INC. (NYSE:TDW) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders
TIDEWATER INC. (NYSE:TDW) Files An 8-K Submission of Matters to a Vote of Security Holders
Tidewater Inc. (the “Company”) held its 2018 annual meeting of stockholders (the “Annual Meeting”) on May 1, 2018 in Houston, Texas.As of March 9, 2018, the record date for the meeting, the Company had 23,730,623 shares of common stock outstanding.Of that number, 16,247,872 shares were represented in person or by proxy at the Annual Meeting.The Company’s stockholders voted on the following four proposals at the Annual Meeting, casting their votes as described below.
Proposal 1:Election of Seven Directors
Each of the individuals listed below was elected at the Annual Meeting to serve a one-year term on the Company’s Board of Directors.
|
Number of Votes |
||||
|
Name |
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
Thomas R. Bates, Jr. |
12,767,470 |
400,046 |
3,267 |
3,077,089 |
|
Alan J. Carr |
10,923,881 |
2,243,626 |
3,276 |
3,077,089 |
|
Steven L. Newman |
13,149,295 |
18,215 |
3,273 |
3,077,089 |
|
Randee E. Day |
13,147,551 |
19,957 |
3,275 |
3,077,089 |
|
Dick Fagerstal |
13,149,149 |
14,722 |
6,912 |
3,077,089 |
|
Larry T. Rigdon |
13,149,737 |
18,440 |
2,606 |
3,077,089 |
|
John T. Rynd |
13,149,089 |
18,415 |
3,279 |
3,077,089 |
Proposal 2:Advisory Say-on-Pay Vote
Proposal 2 was an advisory vote on executive compensation as disclosed in the proxy materials for the Annual Meeting.This advisory vote was approved.
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
|
13,122,761 |
37,468 |
10,554 |
3,077,089 |
Proposal 3: Advisory Say-on-Frequency Vote
Proposal 3 was an advisory vote on the frequency to vote on executive compensation as disclosed in the proxy materials for the Annual Meeting.This advisory vote on the frequency of annual vote on executive compensation was approved.
|
One Year |
Two Years |
Three Years |
Abstain |
|
13,131,924 |
5,276 |
25,141 |
8,442 |
Proposal 4: Ratification of the Appointment of Auditors
Proposal 4 was a proposal to ratify the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018.This proposal was approved.
|
Votes For |
Votes Against |
Abstentions |
|
16,093,429 |
146,977 |
7,466 |
About TIDEWATER INC. (NYSE:TDW)
Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.
