8-K

 

 

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 16, 2017

 

 

Diamond Offshore Drilling, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-13926   76-0321760

(State or other jurisdiction

of incorporation)

 

(Commission

file number)

 

(I.R.S. Employer

Identification No.)

15415 Katy Freeway

Houston, Texas 77094

(Address of principal executive offices, including Zip Code)

(281) 492-5300

(Registrant’s telephone number, including area code)

 

 

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:

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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.

Results of Annual Meeting of Stockholders

On May 16, 2017, Diamond Offshore Drilling, Inc. (the “Company”) held its Annual Meeting of Stockholders (the “Meeting”) in New York, New York. Of the 137,180,617 shares of common stock outstanding and entitled to vote as of the record date, 128,412,873 shares, or approximately 94.0%, were present in person or represented by proxy at the Meeting. At the Meeting, the Company’s stockholders approved (1) the election of all of the nominees as directors to hold office until the 2018 Annual Meeting of Stockholders and until their respective successors are elected and qualified or until their earlier resignation or removal, (2) the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent auditors for fiscal year 2017, (3) executive compensation and (4) holding future advisory votes on executive compensation on an annual basis. The Company’s stockholders did not approve a stockholder proposal regarding sustainability.

The final results of the voting on the matters submitted to the stockholders were as follows:

 

          Votes Cast For     Votes Cast Against               
          Number      % of
Votes
Cast
    Number      % of
Votes
Cast
    Abstain      Broker
Non-Votes
 

1.

   Election of Directors until 2018 Annual Meeting                
           James S. Tisch      96,079,708        80.84     22,700,929        19.10     56,999        9,575,237  
           Marc Edwards      98,930,534        83.24     19,852,793        16.70     54,309        9,575,237  
           John R. Bolton      117,360,623        98.75     1,422,800        1.19     54,213        9,575,237  
           Charles L. Fabrikant      110,691,509        93.14     8,089,504        6.80     56,623        9,575,237  
           Paul G. Gaffney II      117,294,731        98.70     1,486,311        1.25     56,594        9,575,237  
           Edward Grebow      117,579,470        98.94     1,198,172        1.00     59,994        9,575,237  
           Herbert C. Hofmann      102,636,990        86.36     16,145,561        13.58     55,085        9,575,237  
           Kenneth I. Siegel      97,429,848        81.98     21,352,308        17.96     55,480        9,575,237  
           Clifford M. Sobel      117,953,184        99.25     828,414        0.69     56,038        9,575,237  
           Andrew H. Tisch      96,143,674        80.90     22,636,714        19.04     57,248        9,575,237  
           Raymond S. Troubh      116,804,421        98.28     1,977,087        1.66     56,128        9,575,237  

2.

   Ratification of Deloitte & Touche LLP as Independent Auditors for 2017      125,981,687        98.10     1,846,929        1.43     584,257        N/A  

3.

   Advisory Approval of Executive Compensation      101,871,937        85.72     16,402,689        13.80     563,010        9,575,237  


4.

   Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation                
   Every Year      117,709,491        99.05     N/A        N/A       N/A        N/A  
   Every Two Years      118,912        0.10     N/A        N/A       N/A        N/A  
   Every Three Years      919,908        0.77     N/A        N/A       N/A        N/A  
   Abstain      N/A        N/A       N/A        N/A       89,325        N/A  

5.

   Stockholder Proposal regarding Sustainability      20,602,654        17.33     97,243,165        81.82     991,817        9,575,237  

In light of the results of the advisory vote of the stockholders on the frequency of future advisory stockholder votes on executive compensation as reported above, the Company’s Board of Directors has determined that the Company will hold an advisory vote every year to approve the compensation of the named executive officers of the Company, until the next stockholder advisory vote on the frequency of future advisory stockholder votes on executive compensation.


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.

 

Date: May 17, 2017   DIAMOND OFFSHORE DRILLING, INC.
  By:  

/s/ DAVID L. ROLAND

David L. Roland

Senior Vice President, General Counsel

and Secretary