TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07.Submission of Matters to a Vote of Security Holders.
Transocean Ltd. (the “Company”) held its Annual General Meeting
of Shareholders on May 11, 2017, in Zug, Switzerland. The
shareholders took action on the following matters at the 2017
Annual General Meeting:
1.Proposal regarding the approval of the 2016 Annual Report,
including the Audited Consolidated Financial Statements of
Transocean Ltd. for Fiscal Year 2016 and the Audited Statutory
Financial Statements of Transocean Ltd. for Fiscal Year 2016.
|
For |
Against |
Abstain |
|||
|
278,823,099 |
2,804,680 |
2,204,490 |
This item was approved.
2.Proposal regarding the discharge of the Members of the Board of
Directors and the Executive Management Team from liability for
activities during Fiscal Year 2016.
|
For |
Against |
Abstain |
BrokerNon-Votes |
||||
|
123,077,892 |
65,647,339 |
889,360 |
94,217,678 |
This item was approved.
3.Proposal regarding appropriation of the accumulated loss for
Fiscal Year 2016.
|
For |
Against |
Abstain |
|||
|
272,400,621 |
7,443,469 |
3,988,179 |
This item was approved.
4.Proposals regarding the reelection of 11 directors, each for a
term extending until completion of the next Annual General
Meeting.
|
NameofNomineefor Director |
For |
Against |
Abstain |
BrokerNon-Votes |
|||||
|
Glyn A. Barker |
185,109,204 |
3,908,257 |
597,130 |
94,217,678 |
|||||
|
Vanessa C.L. Chang |
184,822,378 |
4,128,728 |
663,485 |
94,217,678 |
|||||
|
Frederico C. Curado |
184,876,629 |
4,168,419 |
569,543 |
94,217,678 |
|||||
|
Chadwick C. Deaton |
185,813,828 |
3,217,423 |
583,340 |
94,217,678 |
|||||
|
Vincent J. Intrieri |
181,195,122 |
7,819,119 |
600,350 |
94,217,678 |
|||||
|
Martin B. McNamara |
182,103,210 |
6,926,834 |
584,547 |
94,217,678 |
|||||
|
Samuel J. Merksamer |
163,833,727 |
25,180,802 |
600,062 |
94,217,678 |
|||||
|
Merrill A. “Pete” Miller, Jr. |
170,936,241 |
18,108,085 |
570,265 |
94,217,678 |
|||||
|
Edward R. Muller |
185,953,789 |
3,060,137 |
600,665 |
94,217,678 |
|||||
|
Tan Ek Kia |
185,290,383 |
3,727,871 |
596,337 |
94,217,678 |
|||||
|
Jeremy D. Thigpen |
186,838,147 |
2,199,908 |
576,536 |
94,217,678 |
Each of the 11 persons listed above were duly reelected as a
director of the Company to hold office until the completion of
the 2018 Annual General Meeting of Shareholders.
5.Proposal regarding the election of the Chairman of the Board
of Directors for a term extending until completion of the next
Annual General Meeting.
|
NameofChairmanNominee |
For |
Against |
Abstain |
BrokerNon-Votes |
|||||
|
Merrill A. “Pete” Miller, Jr. |
169,369,282 |
19,656,810 |
588,499 |
94,217,678 |
Merrill A. “Pete” Miller, Jr. was elected Chairman of the
Board of Directors of the Company to hold office until the
completion of the 2018 Annual General Meeting of Shareholders.
6.Proposal regarding the election of the members of the
Compensation Committee, each for a term extending until the
completion of the next Annual General Meeting.
|
NameofCompensationCommitteeNominee |
For |
Against |
Abstain |
BrokerNon-Votes |
|||||
|
Frederico C. Curado |
184,889,948 |
4,052,807 |
671,836 |
94,217,678 |
|||||
|
Vincent J. Intrieri |
185,401,098 |
3,530,018 |
683,475 |
94,217,678 |
|||||
|
Martin B. McNamara |
184,638,578 |
4,291,173 |
684,840 |
94,217,678 |
|||||
|
Tan Ek Kia |
185,340,675 |
3,573,862 |
700,054 |
94,217,678 |
Each of the four persons listed above were duly elected to
serve as a member of the Compensation Committee of the Company
to hold office until completion of the 2018 Annual General
Meeting of Shareholders.
7. Proposal regarding the reelection of Schweiger
Advokatur/Notariat as the Company’s independent proxy for a
term extending until completion of the next Annual General
Meeting.
|
For |
Against |
Abstain |
||
|
273,622,620 |
7,524,737 |
2,684,912 |
This item was approved.
8.Proposal regarding the appointment of ErnstYoungLLP as the
Company’s Independent Registered Public Accounting Firm for
Fiscal Year 2017 and reelection of Ernst YoungLtd, Zurich, as
the Company’s Auditor for a further one-year term.
|
For |
Against |
Abstain |
|||
|
278,263,028 |
4,278,676 |
1,290,565 |
This item was approved.
9.Proposal regarding the advisory vote to approve Named
Executive Officer compensation.
|
For |
Against |
Abstain |
BrokerNon-Votes |
||||
|
181,963,269 |
6,764,306 |
887,016 |
94,217,678 |
This item was approved.
10.(a) Proposal regarding ratification of the maximum aggregate
amount of compensation of the Board of Directors for the period
between the 2017 Annual General Meeting and the 2018 Annual
General Meeting.
|
For |
Against |
Abstain |
BrokerNon-Votes |
||||
|
183,965,760 |
4,109,445 |
1,539,386 |
94,217,678 |
This item was approved.
10.(b) Proposal regarding the ratification of the maximum
aggregate amount of compensation of the Executive Management
Team for Fiscal Year 2018.
|
For |
Against |
Abstain |
BrokerNon-Votes |
||||
|
179,926,201 |
8,035,409 |
1,652,981 |
94,217,678 |
This item was approved.
11.Proposal regarding the advisory vote on the frequency of
Executive Compensation Vote.
|
Every Year |
2 Years |
3 Years |
Abstain |
||||
|
171,664,029 |
903,318 |
16,469,186 |
578,058 |
Shareholders approved an advisory vote to hold an advisory vote
on executive compensation every year.
The Board of Directors will evaluate the results of this
non-binding advisory vote and make a determination as to
whether the Company will submit future advisory votes on
executive compensation every one, two or three years. The
Company will amend this Current Report on Form 8-K to provide
information regarding such determination.
About TRANSOCEAN LTD. (NYSE:RIG)
Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. TRANSOCEAN LTD. (NYSE:RIG) Recent Trading Information
TRANSOCEAN LTD. (NYSE:RIG) closed its last trading session down -0.52 at 10.56 with 7,737,876 shares trading hands.
