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TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Submission of Matters to a Vote of Security Holders

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.

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