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): April 26, 2012

 

 

Baker Hughes Incorporated

(Exact name of registrant as specified in charter)

 

 

 

Delaware   1-9397   76-0207995

(State of

Incorporation)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

 

2929 Allen Parkway, Houston, Texas   77019
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (713) 439-8600

(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 Company’s Annual Meeting of Stockholders was held on April 26, 2012 (i) to elect twelve members to the Board of Directors to serve for a one-year term, (ii) to ratify Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year 2012, (iii) to vote on an advisory vote to approve the Company’s executive compensation program, and (iv) to vote on a stockholder proposal to require director nominees to be elected by the affirmative vote of the majority of votes cast at an annual meeting rather than the current plurality voting standard.

As of March 1, 2012, the record date, there were 437,579,346 shares of common stock issued and outstanding and entitled to vote at the Company’s Annual Meeting of Stockholders and 354, 941,372 shares of common stock were represented in person or by proxy at the Annual Meeting, constituting a quorum. The information below reflects the number of votes cast by the holders of such common stock.

The number of votes for, votes withheld and broker non-votes for the election of each director was as follows:

 

Names

   Number of Votes For      Number of
Votes Withheld
     Broker Non-Votes  

Larry D. Brady

     316,219,487         5,771,529         32,950,356   

Clarence P. Cazalot, Jr.

     308,890,373         13,100,643         32,950,356   

Martin S. Craighead

     316,326,813         5,664,203         32,950,356   

Chad C. Deaton

     315,103,422         6,887,594         32,950,356   

Anthony G. Fernandes

     313,873,921         8,117,095         32,950,356   

Claire W. Gargalli

     307,201,563         14,789,453         32,950,356   

Pierre H. Jungels

     308,470,494         13,520,522         32,950,356   

James A. Lash

     315,406,406         6,584,610         32,950,356   

J. Larry Nichols

     283,019,553         38,971,463         32,950,356   

H. John Riley, Jr.

     313,368,980         8,622,036         32,950,356   

James W. Stewart

     313,435,637         8,555,379         32,950,356   

Charles L. Watson

     306,612,185         15,378,831         32,950,356   

The number of votes for, the number of votes against and the number of abstentions with respect to the ratification of Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for 2012 was as follows:

 

Number of Votes For    Number of Votes Against      Abstentions  

348,556,149

     3,711,931         2,673,292   


The number of votes for, the number of votes against, the number of abstentions and the number of broker non-votes with respect to the advisory vote to approve the Company’s executive compensation program was as follows:

 

Number of Votes For    Number of Votes Against      Abstentions      Broker Non-Votes  

  285,392,747

       30,906,785           5,696,083           32,945,757   

The number of votes for, the number of votes against, the number of abstentions and the number of broker non-votes with respect to the stockholder proposal regarding the majority vote standard for director elections was as follows:

 

Number of Votes For    Number of Votes Against      Abstentions      Broker Non-Votes  

  180,752,009

       138,460,903           2,780,978           32,947,482   


SIGNATURE

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.

 

    BAKER HUGHES INCORPORATED
Dated: April 27, 2012     By:    /s/ Sandra E. Alford
     

Sandra E. Alford

Corporate Secretary