0000950123-11-052033.txt : 20110519 0000950123-11-052033.hdr.sgml : 20110519 20110519150853 ACCESSION NUMBER: 0000950123-11-052033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110519 ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20110519 DATE AS OF CHANGE: 20110519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL OILWELL VARCO INC CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 760475815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 11857646 BUSINESS ADDRESS: STREET 1: 7909 PARKWOOD CIRCLE DR CITY: HOUSTON STATE: TX ZIP: 77036 BUSINESS PHONE: 713-375-3700 MAIL ADDRESS: STREET 1: 7909 PARKWOOD CIRCLE DR CITY: HOUSTON STATE: TX ZIP: 77036 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL INC DATE OF NAME CHANGE: 19960829 8-K 1 h82450e8vk.htm FORM 8-K e8vk
 
 
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
May 19, 2011
Date of Report (Date of earliest event reported)
NATIONAL OILWELL VARCO, INC.
 
(Exact name of registrant as specified in its charter)
         
Delaware   1-12317   76-0475815
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)
     
7909 Parkwood Circle Dr.
Houston, Texas 		  77036
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: 713-346-7500
 
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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
On May 19, 2011, National Oilwell Varco, Inc. (the “Company”) held its Annual Meeting of Stockholders where the following matters were voted upon and approved by the Company’s stockholders:
1. the election of two members to the Board of Directors;
2. the ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2011;
3. the approval, on an advisory basis, of the compensation of our named executive officers;
4. the frequency for the advisory vote on named executive officer compensation to be conducted on an annual basis;
5. the approval of an amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for the annual election of all directors; and
6. the approval of an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 500 million to 1 billion.
The stockholder proposal presented at the Company’s Annual Meeting of Stockholders was not approved by the Company’s stockholders.
The following is a summary of the voting results for each matter presented to the Company’s stockholders:
                                 
1. Election of directors:   FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
Robert E. Beauchamp
     314,084,755       10,277,028       1,576,057       24,796,249  
Jeffery A. Smisek
     314,083,868       10,278,043       1,575,929       24,796,249  
The two directors nominated by the Board of Directors were re-elected to serve three-year terms expiring in 2014. There were no nominees to office other than the directors elected.
                                 
    FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
2. Ratification of the appointment of Ernst & Young LLP as the Company’s independent auditors for 2011
     337,441,126       12,481,770       811,193       0  

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    FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
3. Approval of the compensation of the Company’s named executive officers
     307,025,954       16,744,893       2,166,993       24,796,249  
                                 
    ONE YEAR     TWO YEARS     THREE YEARS     ABSTAIN  
4. Frequency for the advisory vote on the Company’s named executive officer compensation
     290,392,485       3,705,869       29,692,900       2,146,586  
The stockholders approved the advisory vote on named executive officer compensation to be conducted on an annual basis.
                                 
    FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
5. Approval of the Company’s Amended and Restated Certificate of Incorporation to provide for the annual election of all directors
     348,904,174       1,634,398       195,517       0  
                                 
    FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
6. Approval of the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock
     313,812,557       36,646,061       275,471       0  
                                 
    FOR     AGAINST     ABSTAIN     BROKER NON-VOTES  
7. Stockholder Proposal
     95,265,160       175,500,662       55,172,018       24,796,249  

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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 hereunto duly authorized.
         
Date: May 19, 2011 NATIONAL OILWELL VARCO, INC.
 		  
  /s/ Raymond W. Chang    
  Raymond W. Chang   
  Vice President   
 

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