UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On February 14, 2023, the Compensation Committee (the “Committee”) of the Board of Directors of Helix Energy Solutions Group, Inc. (the “Company”) determined and approved the 2023 Short Term Incentive Program (the “2023 STI Program”) for 2023 annual bonuses for each of the Company’s named executive officers (payable in 2024), including the target and maximum bonuses that can be earned by each named executive officer. The target bonus for each named executive officer for the 2023 STI Program is set as a percentage of base salary, as were the targets for the 2022 Short Term Incentive Program (the “2022 STI Program”). The target bonus percentages for each named executive officer remain the same for the 2023 STI Program as they were for the 2022 STI Program. The 2023 STI program increases the maximum bonus level to 190% of the target bonus from 133% of the target bonus for the 2022 STI Program. The 2023 STI Program also adds new environmental, social and governance (“ESG”) key performance indicators in addition to the existing financial metric to establish each named executive officer’s target bonus.
Other information related to the total compensation for the Company’s named executive officers will be disclosed in the Company’s 2023 Proxy Statement as required by the rules related to proxy statements and the disclosure of executive compensation.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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: February 17, 2023 |
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HELIX ENERGY SOLUTIONS GROUP, INC. | |||
By: | /s/ Kenneth E. Neikirk | ||
Kenneth E. Neikirk | |||
Executive Vice President, General Counsel and |