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): May 13, 2016 (May 12, 2016)
TRANSOCEAN LTD.
(Exact name of registrant as specified in its charter)
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Switzerland |
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000-53533 |
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98-0599916 |
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(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
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10 Chemin de Blandonnet 1214 Vernier, Geneva Switzerland |
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CH-1214 |
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(Address of principal executive offices) |
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(zip code) |
Registrant’s telephone number, including area code: +41 (22) 930-9000
(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 (see General Instruction A.2. below):
☐ 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.
Transocean Ltd. (the "Company") held its Annual General Meeting of Shareholders on May 12, 2016, in Zug, Switzerland. The shareholders took action on the following matters at the 2016 Annual General Meeting:
1. Proposal regarding the approval of the 2015 Annual Report, including the Audited Consolidated Financial Statements of Transocean Ltd. for Fiscal Year 2015 and the Audited Statutory Financial Statements of Transocean Ltd. for Fiscal Year 2015.
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For |
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Against |
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Abstain |
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243,275,051 |
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2,850,177 |
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2,504,032 |
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This item was approved.
2. Proposal regarding the discharge of the Members of the Board of Directors and the Executive Management Team from liability for activities during Fiscal Year 2015.
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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153,298,809 |
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5,729,729 |
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978,447 |
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88,622,275 |
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This item was approved.
3. Proposal regarding appropriation of the accumulated loss for Fiscal Year 2015.
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For |
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Against |
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Abstain |
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237,519,631 |
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7,048,676 |
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4,060,553 |
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This item was approved.
4. Proposal regarding the renewal of authorized share capital.
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For |
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Against |
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Abstain |
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236,521,900 |
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8,693,869 |
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3,413,091 |
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This item was approved.
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5. Proposals regarding the re-election of eleven directors for a term extending until completion of the next annual general meeting.
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Name of Nominee for Director |
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Glyn A. Barker |
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153,008,643 |
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6,281,894 |
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716,048 |
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88,622,275 |
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Vanessa C.L. Chang |
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156,284,354 |
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3,009,175 |
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712,456 |
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88,622,275 |
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Frederico C. Curado |
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152,364,721 |
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6,916,210 |
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725,054 |
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88,622,275 |
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Chadwick C. Deaton |
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156,357,833 |
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2,925,992 |
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722,160 |
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88,622,275 |
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Vincent J. Intrieri |
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148,036,033 |
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11,257,268 |
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712,684 |
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88,622,275 |
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Martin B. McNamara |
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155,162,829 |
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4,150,414 |
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692,742 |
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88,622,275 |
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Samuel J. Merksamer |
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146,756,377 |
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12,545,921 |
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703,687 |
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88,622,275 |
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Merrill A. "Pete" Miller, Jr. |
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153,082,822 |
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3,795,349 |
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3,127,814 |
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88,622,275 |
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Edward R. Muller |
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156,504,327 |
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2,797,896 |
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703,762 |
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88,622,275 |
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Tan Ek Kia |
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154,571,920 |
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4,720,202 |
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713,863 |
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88,622,275 |
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Jeremy D. Thigpen |
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157,109,440 |
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2,204,642 |
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691,903 |
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88,622,275 |
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Each of the eleven persons listed above were duly reelected as a director of the Company to hold office until the completion of the 2017 Annual General Meeting of Shareholders.
6. Proposal regarding the election of the Chairman of the Board of Directors for a term extending until completion of the next Annual General Meeting.
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Name of Chairman Nominee |
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Merrill A. "Pete" Miller, Jr. |
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153,561,344 |
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3,321,986 |
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3,122,655 |
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88,622,275 |
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Merrill A. "Pete" Miller, Jr. was elected Chairman of the Board of Directors of the Company to hold office until the completion of the 2017 Annual General Meeting of Shareholders.
7. Proposal regarding the election of the members of the Compensation Committee, each for a term extending until the completion of the next Annual General Meeting.
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Name of Compensation Committee Nominee |
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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Frederico C. Curado |
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145,610,206 |
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13,604,075 |
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791,704 |
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88,622,275 |
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Vincent J. Intrieri |
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147,839,539 |
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11,358,499 |
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807,947 |
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88,622,275 |
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Martin B. McNamara |
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147,278,596 |
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11,921,294 |
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806,095 |
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88,622,275 |
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Tan Ek Kia |
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147,407,452 |
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11,795,302 |
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803,231 |
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88,622,275 |
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Each of the four persons listed above were duly elected to serve as a member of the Compensation Committee of the Company to hold office until completion of the 2017 Annual General Meeting of Shareholders.
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8. Proposal regarding the reelection of Schweiger Advokatur / Notariat as the Company's independent proxy for a term extending until completion of the next Annual General Meeting.
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For |
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Against |
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Abstain |
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157,708,734 |
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1,539,406 |
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757,845 |
This item was approved.
9. Proposal regarding the appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2016 and reelection of Ernst & Young Ltd, Zurich, as the Company's Auditor for a further one-year term.
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For |
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Against |
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Abstain |
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243,765,337 |
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3,435,359 |
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1,427,564 |
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This item was approved.
10. Proposal regarding the advisory vote to approve Named Executive Officer compensation for Fiscal Year 2015.
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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139,871,484 |
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19,141,124 |
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993,377 |
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88,622,275 |
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This item was approved.
11. (a) Proposal regarding ratification of the maximum aggregate amount of compensation of the Board of Directors for the period between the 2016 Annual General Meeting and the 2017 Annual General Meeting.
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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153,773,787 |
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4,634,258 |
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1,597,940 |
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88,622,275 |
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This item was approved.
11. (b) Proposal regarding the ratification of the maximum aggregate amount of compensation of the Executive Management Team for Fiscal Year 2017.
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For |
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Against |
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Abstain |
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Broker Non-Votes |
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144,956,306 |
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13,999,028 |
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1,050,651 |
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88,622,275 |
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This item was approved.
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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.
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TRANSOCEAN LTD. |
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Date: May 13, 2016 |
By |
/s/ Daniel Ro-Trock |
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Daniel Ro-Trock |
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Authorized Person |
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