TechnipFMC plc filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$FTI
Metal Fabrications
Industrials
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)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
+1 281 -591-4000
(Registrant's telephone number, including area code)
Not Applicable
(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:
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
Securities registered pursuant to Section 12(g) of the Act: None. | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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
TechnipFMC plc (the “Company”) held its Annual General Meeting of Shareholders on April 26, 2024 (the “Annual Meeting”) for the purpose of (1) electing each of the 9 director nominees for a term expiring at the Company’s 2025 Annual General Meeting of Shareholders or until his or her earlier death, retirement, resignation, or removal pursuant to the Company’s articles of association; (2) approving, as a non-binding advisory resolution, the Company’s named executive officer compensation for the year ended December 31, 2023; (3) approving, as a non-binding advisory resolution, the Company’s directors’ remuneration report for the year ended December 31, 2023; (4) approving the Company's prospective directors' remuneration policy for the three years ending December 31, 2027; (5) receiving the Company’s audited U.K. accounts for the year ended December 31, 2023, including the reports of the directors and the auditor thereon; (6) ratifying the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s U.S. independent registered public accounting firm for the year ending December 31, 2024; (7) reappointing PwC as the Company’s U.K. statutory auditor under the U.K. Companies Act 2006, to hold office from the conclusion of the 2024 Annual General Meeting of Shareholders until the next annual general meeting of shareholders at which accounts are laid; (8) authorizing the Board and/or the Audit Committee to determine the remuneration of PwC, in its capacity as the Company’s U.K. statutory auditor for the year ending December 31, 2024; (9) approving the forms of share repurchase contracts and repurchase broker-dealers in accordance with U.K. law and specific procedures for "off-market purchases" of ordinary shares through the NYSE; (10) authorizing the Board to allot equity securities in the Company; and (11) authorizing the Board to allot equity securities without pre-emptive rights pursuant to the authority contemplated by the resolution in Proposal 10. Each proposal is more fully described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 15, 2024.
The following are the final voting results of the Annual Meeting.
| a. Election of director: Douglas J. Pferdehirt | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 359,297,194 | 96.22% | 14,089,502 | 3.77% | 245,709 | 13,915,548 | ||||||||||||
| b. Election of director: Claire S. Farley | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 368,240,965 | 98.62% | 5,146,050 | 1.37% | 245,390 | 13,915,548 | ||||||||||||
| c. Election of director: Eleazar de Carvalho Filho | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 348,181,302 | 93.25% | 25,199,858 | 6.74% | 251,245 | 13,915,548 | ||||||||||||
| d. Election of director: Robert G. Gwin | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 369,583,478 | 98.98% | 3,798,338 | 1.01% | 250,589 | 13,915,548 | ||||||||||||
| e. Election of director: John O’Leary | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 366,849,875 | 98.25% | 6,531,880 | 1.74% | 250,650 | 13,915,548 | ||||||||||||
| f. Election of director: Margareth Øvrum | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 367,118,503 | 98.32% | 6,265,190 | 1.67% | 248,712 | 13,915,548 | ||||||||||||
| g. Election of director: Kay G. Priestly | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 368,306,837 | 98.64% | 5,077,631 | 1.35% | 247,937 | 13,915,548 | ||||||||||||
| h. Election of director: John Yearwood | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 367,005,630 | 98.29% | 6,376,362 | 1.70% | 250,413 | 13,915,548 | ||||||||||||
| i. Election of director: Sophie Zurquiyah | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 369,452,518 | 98.95% | 3,915,399 | 1.04% | 264,488 | 13,915,548 | ||||||||||||
| Proposal 2 – 2023 U.S. Say-on-Pay for Named Executive Officers | |||||||||||||||||
| Approve, on an advisory basis, the Company’s named executive officer compensation for the year ended December 31, 2023. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 320,766,949 | 86.01% | 52,150,992 | 13.98% | 714,464 | 13,915,548 | ||||||||||||
| Proposal 3 – 2023 Directors’ Remuneration Report | |||||||||||||||||
| Approve, on an advisory basis, the Company’s directors’ remuneration report for the year ended December 31, 2023. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 318,475,769 | 85.27% | 55,000,994 | 14.72% | 155,642 | 13,915,548 | ||||||||||||
| Proposal 4 – Prospective Directors' Remuneration Policy | |||||||||||||||||
| Approve the Company’s prospective directors’ remuneration policy for the three years ending December 31, 2027. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 322,415,878 | 86.32% | 51,061,426 | 13.67% | 155,101 | 13,915,548 | ||||||||||||
| Proposal 5 – Receipt of U.K. Annual Report and Accounts | |||||||||||||||||
| Receipt of the Company’s audited U.K. accounts for the year ended December 31, 2023, including the reports of the directors and the auditor thereon. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 384,241,943 | 99.93% | 241,486 | 0.06% | 3,064,524 | N/A | ||||||||||||
| Proposal 6 – Ratification of U.S. Auditor | |||||||||||||||||
| Ratify the appointment of PwC as the Company’s U.S. independent registered public accounting firm for the year ending December 31, 2024. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 386,967,722 | 99.91% | 336,635 | 0.08% | 243,596 | N/A | ||||||||||||
| Proposal 7 – Re-appointment of U.K. Statutory Auditor | |||||||||||||||||
| Reappoint PwC as the Company’s U.K. statutory auditor under the U.K. Companies Act 2006, to hold office from the conclusion of the 2024 Annual General Meeting of Shareholders until the next annual general meeting of shareholders at which accounts are laid. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 387,036,713 | 99.93% | 262,483 | 0.06% | 248,757 | N/A | ||||||||||||
| Proposal 8 – Approval of U.K. Statutory Auditor Fees | |||||||||||||||||
| Authorize the Board of Directors and/or the Audit Committee to determine the remuneration of PwC, in its capacity as the Company’s U.K. statutory auditor for the year ending December 31, 2024. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 387,043,172 | 99.93% | 251,741 | 0.06% | 253,040 | N/A | ||||||||||||
| Proposal 9 – Approval of Share Repurchase Contracts and Counterparties | |||||||||||||||||
| Approve the forms of share repurchase contracts and repurchase broker-dealers in accordance with U.K. law and specific procedures for ‘‘off-market purchases’’ of ordinary shares through the NYSE. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 383,297,785 | 99.55% | 1,730,929 | 0.44% | 2,519,239 | N/A | ||||||||||||
| Proposal 10 – Authority to Allot Equity Securities | |||||||||||||||||
| Authorize the Board to allot equity securities in the Company. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 380,288,234 | 98.16% | 7,119,459 | 1.83% | 140,260 | N/A | ||||||||||||
| Proposal 11 – Authority to Allot Equity Securities without Pre-emptive Rights | |||||||||||||||||
| Pursuant to the authority contemplated by the resolution in Proposal 10, authorize the Board to allot equity securities without pre-emptive rights. | |||||||||||||||||
| The voting results were as follows: | |||||||||||||||||
| FOR (Number of votes) | PERCENT FOR (%) | AGAINST (Number of votes) | PERCENT AGAINST (%) | ABSTENTIONS (Number of votes) | BROKER NON-VOTES (Number of votes) | ||||||||||||
| 379,326,711 | 97.91% | 8,074,617 | 2.08% | 146,625 | N/A | ||||||||||||
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.
| TechnipFMC plc | ||||||||
| By: /s/ Cristina Aalders | ||||||||
| Dated: | April 29, 2024 | Name: Cristina Aalders | ||||||
| Title: Executive Vice President | ||||||||
| Chief Legal Officer and Secretary | ||||||||