Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Halliburton Annual Meeting of Shareholders and Dividend Declaration

Halliburton Company (NYSE: HAL) announced today that at its annual meeting of shareholders held in Houston, Texas, on May 19, 2021, the shareholders elected all ten nominees to the Company’s board of directors and ratified the selection of KPMG LLP as principal independent public accountants for 2021. The shareholders also approved the proposed amendments and restatements of Halliburton’s Stock and Incentive Plan and Employee Stock Purchase Plan.

Shareholders elected board members Abdulaziz F. Al Khayyal, William E. Albrecht, M. Katherine Banks, Alan M. Bennett, Milton Carroll, Murry S. Gerber, Patricia Hemingway Hall, Robert A. Malone, Jeffrey A. Miller, and Bhavesh V. Patel.

The advisory resolution on executive compensation was not approved by the shareholders.

“The Halliburton Board of Directors is disappointed by the shareholder advisory vote on the Company’s executive compensation program. Halliburton has actively engaged with shareholders, substantially revised its plan in 2019, and received overwhelming 91% shareholder approval of the plan in 2020. In an industry challenged by COVID and oil supply and demand imbalance, Halliburton led its peers in total shareholder return performance, and has structured pay to attract, motivate, and retain employees,” said Halliburton Chairman, President and CEO Jeff Miller.

Halliburton Board Member and Compensation Committee Chair Murry Gerber added, “We will carefully consider today’s advisory vote as we evaluate Halliburton’s approach to executive compensation and commit to ongoing engagement with shareholders to understand their perspectives on executive pay.”

At the board of directors’ meeting following the shareholders’ meeting, the board declared a 2021 second quarter dividend of four and one-half cents ($0.045) a share on the Company’s common stock payable on June 23, 2021, to shareholders of record at the close of business on June 2, 2021.

About Halliburton

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.