NATIONAL OILWELL VARCO INC false 0001021860 false 0001021860 2020-05-21 2020-05-21

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 21, 2020

 

NATIONAL OILWELL VARCO, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

1-12317

 

76-0475815

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

7909 Parkwood Circle Dr.

Houston, Texas

77036

(Address of Principal Executive Offices)

 

(Zip Code)

Registrant’s Telephone Number, Including Area Code 713-346-7500

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

  Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.01 per share

 

NOV

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders

On May 20, 2020, National Oilwell Varco, Inc. (the “Company”) held its Annual Meeting of Stockholders where the following matters were voted upon and approved by the Company’s stockholders:

1.    the election of nine members to the Board of Directors;

2.    the ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2020;

3.    the approval, on an advisory basis, of the compensation of our named executive officers; and

4.    the approval of amendments to the National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan.

The following is a summary of the voting results for each matter presented to the Company’s stockholders:

1. Election of directors:

 

FOR

   

AGAINST

   

ABSTAIN

   

BROKER
NON-VOTES

 

Clay C. Williams

   

316,234,205

     

16,660,852

     

647,195

     

18,429,312

 

Greg L. Armstrong

   

320,175,757

     

13,226,510

     

139,985

     

18,429,312

 

Marcela E. Donadio

   

327,126,329

     

6,246,958

     

168,965

     

18,429,312

 

Ben A. Guill

   

311,364,123

     

22,010,842

     

167,287

     

18,429,312

 

James T. Hackett

   

300,039,545

     

33,351,470

     

151,237

     

18,429,312

 

David D. Harrison

   

315,219,980

     

18,184,512

     

137,760

     

18,429,312

 

Eric L. Mattson

   

293,102,818

     

40,290,597

     

148,837

     

18,429,312

 

Melody B. Meyer

   

327,238,916

     

6,137,907

     

165,429

     

18,429,312

 

William R. Thomas

   

329,978,517

     

3,410,586

     

153,149

     

18,429,312

 

The nine directors nominated by the Board of Directors were re-elected to serve one-year terms expiring in 2021. There were no nominees to office other than the directors elected.

 

For

   

Against

   

Abstain

   

BROKER

NON-Votes

 

2. Ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2020

   

337,884,146

     

12,787,588

     

1,299,830

     

0

 


 

For

   

Against

   

Abstain

   

BROKER

NON-Votes

 

3. Approval of the compensation of the Company’s named executive officers

   

315,785,356

     

17,453,437

     

303,459

     

18,429,312

 

 

For

   

Against

   

Abstain

   

BROKER

NON-Votes

 

4. Approval of amendments to the National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan

   

305,243,579

     

26,972,923

     

1,325,750

     

18,429,312

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: May 21, 2020

 

 

 

NATIONAL OILWELL VARCO, INC.

             

 

 

 

/s/ Brigitte M. Hunt

 

 

 

Brigitte M. Hunt

Vice President

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