Tidewater Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
(a) On June 6, 2024, Tidewater Inc. (the “Company”) held its 2024 annual meeting of stockholders (“Annual Meeting”) virtually via a live audio webcast.
(b) As of April 19, 2024, the record date for the Annual Meeting, the Company had 52,759,556 shares of common stock outstanding and entitled to vote. Of this number, 47,280,471 shares were represented in person or by proxy at the meeting, which represented 89.61% of the shares entitled to vote. The Company’s stockholders voted on the following four proposals at the Annual Meeting, detailed descriptions of which are contained in the 2024 Proxy Statement (“Proxy Statement”), casting their votes as described below.
Proposal 1: Election of Eight Directors
Each of the eight individuals listed below was elected at the Annual Meeting to serve a one-year term on the Company’s Board of Directors.
| Director Nominee | Votes For | Votes Against | Abstentions | Broker Non-Votes | ||||
| Darron M. Anderson | 42,336,549 | 552,503 | 11,883 | 4,379,536 | ||||
| Melissa Cougle | 42,870,970 | 18,389 | 11,576 | 4,379,536 | ||||
| Dick H. Fagerstal | 42,227,958 | 660,979 | 11,998 | 4,379,536 | ||||
| Quintin V. Kneen | 42,879,967 | 9,229 | 11,739 | 4,379,536 | ||||
| Louis A. Raspino | 42,859,877 | 29,305 | 11,753 | 4,379,536 | ||||
| Robert E. Robotti | 42,886,153 | 10,879 | 3,903 | 4,379,536 | ||||
| Kenneth H. Traub | 39,153,962 | 3,735,087 | 11,886 | 4,379,536 | ||||
| Lois K. Zabrocky | 42,871,373 | 18,800 | 10,762 | 4,379,536 |
Proposal 2: Advisory Vote on Executive Compensation
Proposal 2 was an advisory vote on the executive compensation of our named executive officers as disclosed in the Proxy Statement. This advisory vote was approved.
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
| 42,620,365 | 269,376 | 11,194 | 4,379,536 |
Proposal 3: Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation
Proposal 3 was an advisory vote on the frequency of future advisory votes on the executive compensation of our named executive officers. The advisory vote to hold future advisory votes on executive compensation every year (annually) was approved.
| One Year | Two Years | Three Years | Abstentions | |||
| 41,431,785 | 175,227 | 1,253,803 | 40,120 |
Proposal 4: Ratification of Selection of Independent Registered Public Accounting Firm
Proposal 4 was a proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. This proposal was approved.
| Votes For | Votes Against | Abstentions | ||
| 47,254,428 | 19,911 | 6,132 |
(d) Frequency of Shareholder Votes on Executive Compensation. Consistent with the recommendation of the Company’s Board of Directors, the Company’s stockholders recommended, by advisory, non-binding vote, a one-year frequency of future advisory votes on executive compensation. In accordance with these results and its previous recommendation, the Company’s Board of Directors determined that future advisory votes on executive compensation will be held annually until the next required advisory vote on the frequency of stockholder votes on the compensation of named executive officers, which the Company expects to hold no later than its 2030 Annual General Meeting of Stockholders.
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.
| TIDEWATER INC. | ||
| Date: June 7, 2024 | By: | /s/ Daniel A. Hudson |
| Daniel A. Hudson | ||
| Executive Vice President, General Counsel and Corporate Secretary | ||