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TechnipFMC plc Results of 2021 Annual General Meeting of Shareholders

05.20.2021

LONDON & HOUSTON--(BUSINESS WIRE)--May 20, 2021-- Regulatory News:

TechnipFMC plc (the “Company”) (NYSE: FTI) (PARIS: FTI) (ISIN: GB00BDSFG982) announces that, on 20 May 2021, it filed with the U.S. Securities and Exchange Commission its Current Report on Form 8-K announcing the voting results of the Company’s Annual General Meeting of Shareholders held on Thursday, May 20, 2021at Pitreavie Business Park, Queensferry Road, Dunfermline KY11 8UD, United Kingdom. A vote was held for each proposal.

The following are the final voting results of the Annual General Meeting.

Proposal 1(a)-1(i) – Election of Directors

Elect each of the following director nominees for a term expiring at the Company’s 2022 Annual General Meeting of Shareholders or until his or her earlier death, retirement, resignation, or removal pursuant to the Company’s articles of association:

The voting results were as follows:

a. Election of director: Douglas J. Pferdehirt

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

283,981,098

95.3%

14,127,973

4.7%

298,109,071

66.1%

2,557,449

25,310,065

 

b. Election of director: Eleazar de Carvalho Filho

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

226,355,090

75.4%

73,853,967

24.6%

300,209,057

66.6%

457,463

25,310,065

 

c. Election of director: Claire S. Farley

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

296,145,922

98.6%

4,053,902

1.4%

300,199,824

66.6%

466,696

25,310,065

 

d. Election of director: Peter Mellbye

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

292,360,563

97.4%

7,813,771

2.6%

300,174,334

66.6%

492,186

25,310,065

 

e. Election of director: John O’Leary

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

295,687,832

98.5%

4,500,946

1.5%

300,188,778

66.6%

477,742

25,310,065

 

f. Election of director: Margareth Øvrum

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

295,599,217

98.5%

4,617,141

1.5%

300,216,358

66.6%

450,162

25,310,065

 

g. Election of director: Kay G. Priestly

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

297,310,497

99.0%

2,906,409

1.0%

300,216,906

66.6%

449,614

25,310,065

 

h. Election of director: John Yearwood

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

286,436,401

95.4%

13,744,821

4.6%

300,181,222

66.6%

485,298

25,310,065

 

i. Election of director: Sophie Zurquiyah

 

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

204,343,735

68.1%

95,895,955

31.9%

300,239,690

66.6%

426,830

25,310,065

 

 

 

 

 

 

 

 

Proposal 2 – 2020 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, 2020.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

254,224,952

84.6%

46,104,904

15.4%

300,329,856

66.6%

336,664

25,310,065

 

Proposal 3 – 2020 Directors’ Remuneration Report

Approve, on an advisory basis, the Company’s directors’ remuneration report for the year ended December 31, 2020.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

257,019,146

85.6%

43,292,002

14.4%

300,311,148

66.6%

355,372

25,310,065

 

Proposal 4 – Prospective Directors’ Remuneration Policy

Approve the Company’s prospective directors’ remuneration policy for the three years ending December 2024.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

209,610,314

69.8%

90,631,167

30.2%

300,241,481

66.6%

425,039

25,310,065

 

 

 

 

 

 

 

 

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, 2020, 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 (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

324,598,985

99.9%

436,391

0.1%

325,035,376

72.1%

941,209

N/A

 

Proposal 6 – Ratification of U.S. Auditor

Ratify the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s U.S. independent registered public accounting firm for the year ending December 31, 2021.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

323,714,163

99.4%

1,870,373

0.6%

325,584,536

72.2%

392,049

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 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 (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

323,661,766

99.4%

1,905,402

0.6%

325,567,168

72.2%

409,417

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, 2021.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

322,592,812

99.1%

2,968,403

0.9%

325,561,215

72.2%

415,370

N/A

 

Proposal 9 – Approval of Share Repurchase Contracts and Counterparties

Approve the forms of share repurchase contracts and repurchase counterparties in accordance with specific procedures for “off-market purchases” of ordinary shares through the NYSE or Euronext Paris.

The voting results were as follows:

FOR (Number of votes)

PERCENT FOR (%)

AGAINST (Number of votes)

PERCENT AGAINST (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

318,029,478

98.2%

5,789,362

1.8%

323,818,840

71.9%

2,157,745

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 (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

247,902,244

82.5%

52,436,708

17.5%

300,338,952

66.6%

327,568

25,310,065

 

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 (%)

TOTAL VOTES VALIDLY CAST

TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%)

ABSTENTIONS (Number of votes)

BROKER NON-VOTES (Number of votes)

296,174,405

98.6%

4,155,166

1.4%

300,329,571

66.6%

336,949

25,310,065

 

A copy of the Current Report on Form 8-K can be found on the SEC website (www.sec.gov) and on the TechnipFMC website (investors.technipfmc.com).

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations

Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email: Matt Seinsheimer

James Davis
Senior Manager Investor Relations
Tel: +1 281 260 3665
Email: James Davis

Media relations

Nicola Cameron
Vice President Corporate Communications
Tel: +44 1383 742297
Email: Nicola Cameron

Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
Email: Brooke Robertson

Source: TechnipFMC plc