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:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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