Form 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) June 5, 2012

 

 

NABORS INDUSTRIES LTD.

(Exact name of registrant as specified in its charter)

 

 

 

Bermuda   001-32657   980363970

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

Crown House

4 Par-la-Ville Road

Second Floor

Hamilton, HM08 Bermuda

  N/A
(Address of principal executive offices)   (Zip Code)

(441) 292-1510

(Registrant’s telephone number, including area code)

N/A

(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:

 

¨ 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))

 

 

 


Item 5.07 Submission of Matters to a Vote of Security Holders.

The annual general meeting of shareholders of Nabors Industries Ltd. was held on June 5, 2012. Holders of 87.3% of our outstanding shares of common stock entitled to vote as of the record date for the meeting participated in person or by proxy. All seven of the continuing members of our Board of Directors attended the meeting.

The matters voted upon at the meeting were:

 

1. Election of Class III* Directors

 

     Shares For      Shares Withheld      Non-Votes  

James R. Crane

     230,485,362         22,609,325         25,233,230   

Michael C. Linn

     244,823,554         8,271,133         25,233,230   

John Yearwood

     187,743,821         65,350,866         25,233,230   

 

* Since the bye-law amendment to declassify the Board of Directors was approved (Matter 3, below), these Directors are no longer in a class, and their terms will expire at the 2013 annual general meeting of shareholders. As explained in the proxy statement, the declassification amendment will be phased in over the next two years: the term of the current Class I Directors will also expire at the 2013 annual general meeting, and the term of the current Class II Directors will expire at the 2014 annual general meeting at which all nominees will be elected for a term of one year.

 

2. Approval and Appointment of PricewaterhouseCoopers LLP as Our Independent Auditor and Authorization for the Audit Committee To Set the Auditor’s Remuneration

 

For

     271,909,463   

Against

     5,682,114   

Abstain

     736,340   

 

3. Bye-law Amendment to Declassify Board

 

For

     239,607,237   

Against

     12,792,668   

Abstain

     694,254   

Non-Votes

     25,233,758   

 

4. Business Combinations Bye-law Amendment

 

For

     58,505,215   

Against

     193,830,603   

Abstain

     758,869   

Non-Votes

     25,233,230   

 

5. Technical Bye-law Amendments

 

For

     249,520,579   

Against

     2,851,558   

Abstain

     722,022   

Non-Votes

     25,233,758   

 

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6. Approval of 2012 Incentive Bonus Plan

 

For

     121,137,183   

Against

     131,341,293   

Abstain

     616,211   

Non-Votes

     25,233,230   

 

7. Approval of 2012 Stock Plan

 

For

     114,350,265   

Against

     137,992,597   

Abstain

     751,825   

Non-Votes

     25,233,230   

 

8. Advisory Vote on Compensation of Named Executive Officers

 

For

     63,397,673   

Against

     188,675,933   

Abstain

     1,021,081   

Non-Votes

     25,233,230   

 

9. Shareholder Proposal to Adopt a Proxy Access Bye-law

 

For

     141,695,286   

Against

     110,642,845   

Abstain

     756,556   

Non-Votes

     25,233,230   

 

10. Shareholder Proposal to Amend Bye-laws to Seek Shareholder Approval of Certain Future Severance Agreements

 

For

     167,091,663   

Against

     85,327,185   

Abstain

     675,839   

Non-Votes

     25,233,230   

 

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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 thereunto duly authorized.

 

Dated: June 6, 2012       NABORS INDUSTRIES LTD.
      /s/ Mark D. Andrews
     

 

      Mark D. Andrews
      Corporate Secretary

 

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