Halliburton Annual Meeting of Shareholders and Dividend Declaration
Halliburton Company (NYSE: HAL) held its annual shareholders' meeting on May 19, 2021, in Houston, Texas, where all ten board nominees were elected. Shareholders ratified KPMG LLP as principal accountants for 2021 and approved amendments to the Stock and Incentive Plan. However, the advisory resolution on executive compensation was not approved, disappointing company leadership. A 2021 Q2 dividend of $0.045 per share was declared, payable on June 23, 2021, to shareholders of record by June 2, 2021.
- Dividend declared at $0.045 per share, indicating ongoing returns to shareholders.
- All ten board nominees were elected, ensuring stability in leadership.
- Advisory resolution on executive compensation was not approved, indicating potential shareholder discontent.
- Previous year’s executive compensation plan faced rejection, suggesting a need for reevaluation.
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
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 (
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.
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