Civeo Corporation (Canada) filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$CVEO
Hotels/Resorts
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 15, 2024
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Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On May 15, 2024, upon the recommendation of the Board of Directors (the “Board”) of Civeo Corporation (“Civeo), at the 2024 Annual General Meeting of Shareholder (the “Annual General Meeting”), the shareholders of Civeo approved amendments to Articles 14.2, 14.6, 14.10 and 14.11 of the Articles of Civeo (the “Articles”) to declassify the Board and phase-in annual director elections and to make certain related non-substantive changes to the Articles with respect to the filling of vacancies (the “Declassification Amendment”) as described in Civeo’s proxy statement filed with the Securities and Exchange Commission on April 12, 2024 (the “Proxy Statement”).
As a result, Civeo delivered Amended and Restated Articles of Civeo reflecting the Declassification Amendment (the “Amended and Restated Articles”) for deposit at the records office of Civeo on May 16, 2024, at which time the Amended and Restated Articles became effective.
The foregoing description is a summary and is qualified in its entirety by reference to the full text of the Amended and Restated Articles, a copy of which is attached as Exhibit 3.1 hereto and is incorporated by reference herein.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the Annual General Meeting, the shareholders of Civeo: (1) elected three Class I nominees to the Board; (2) voted, on an advisory basis, in favor of the compensation of the persons listed as named executive officers in the Proxy Statement; (3) ratified the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2024 and until the next annual general meeting of shareholders and authorized the directors of Civeo, acting through the Audit Committee, to determine the remuneration to be paid to Ernst & Young LLP for 2024; (4) approved an amendment to the Articles to declassify the Board and phase-in annual director elections; and (5) did not approve an amendment to the Articles to remove the provisions governing the special rights and restrictions of the Class A Series I Preferred Shares and return the shares constituting such series to the general pool of preferred shares. The proposals related to each matter are described in detail in the Proxy Statement. The voting results for each proposal are as follows:
Proposal 1 - To elect the three Class I nominees to the Board:
| For | Withheld | Broker Non-Votes | ||||||||||||||||||||||||
| C. Ronald Blankenship | 11,265,650 | 195,911 | 1,685,972 | |||||||||||||||||||||||
| Michael Montelongo | 11,088,150 | 373,411 | 1,685,972 | |||||||||||||||||||||||
| Charles Szalkowski | 11,033,169 | 428,392 | 1,685,972 | |||||||||||||||||||||||
Proposal 2 - To approve, on an advisory basis, the compensation of the named executive officers:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 10,328,484 | 348,129 | 784,948 | 1,685,972 | |||||||||||||||||
Proposal 3 – To ratify the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2024 and until the next annual general meeting of shareholders and to authorize the directors of Civeo, acting through the Audit Committee, to determine the remuneration to be paid to Ernst & Young LLP for 2024:
| For | Withheld | Broker Non-Votes | |||||||||||||||
| 13,141,047 | 6,486 | 0 | |||||||||||||||
Proposal 4 - Approval of an amendment to the Articles of Civeo Corporation to declassify Civeo’s board of directors and phase-in annual director elections:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 10,719,561 | 4,908 | 737,092 | 1,685,972 | |||||||||||||||||
Proposal 5 – Approval of an amendment to the Articles of Civeo Corporation to remove the provisions governing the special rights and restrictions of the Class A Series I Preferred Shares and return the shares constituting such series to the general pool of preferred shares:
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 3,498,968 | 7,067,505 | 895,088 | 1,685,972 | |||||||||||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description of Document
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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.
Dated: May 21, 2024
CIVEO CORPORATION
By: /s/ Barclay Brewer ,
Name: Barclay Brewer
Title: Interim Chief Financial Officer