TechnipFMC plc: Results of 2018 Annual General Meeting of Shareholders

LONDON--()--Regulatory News

TechnipFMC plc (the “Company”) (NYSE: FTI) (PARIS: FTI) (ISIN: GB00BDSFG982) announces that, on 15 June 2018, it filed with the U.S. Securities and Exchange Commission its Current Report on Form 8-K announcing the voting results of the Company’s Annual General Meeting held on Thursday, 14 June 2018 at One St. Paul’s Churchyard, London, EC4M 8AP, United Kingdom. A vote was held for each proposal.

The following are the final voting results of the Annual General Meeting.

Proposal 1 – U.K. Annual Report and Accounts

Receipt of the Company’s audited U.K. accounts for the year ended December 31, 2017, including the reports of the directors and the auditor thereon.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
342,847,732 99.9 457,561 0.1 343,305,293 74.3 1,117,697 N/A

Proposal 2 – 2017 Say-on-Pay for Named Executive Officers

Approval of the Company’s named executive officer compensation for the year ended December 31, 2017.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
248,816,004 73.9 87,847,632 26.1 336,663,636 72.9 486,084 7,273,270

Proposal 3 – 2017 Directors’ Remuneration Report

Approval of the Company’s directors’ remuneration report for the year ended December 31, 2017.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
251,405,140 74.7 85,276,832 25.3 336,681,972 72.9 467,748 7,273,270

Proposal 4 – Directors’ Remuneration Policy

Approval of the Company’s prospective directors’ remuneration policy for the three years ending December 2021.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
258,348,023 76.7 78,314,561 23.3 336,662,584 72.9 487,136 7,273,270

Proposal 5 – Ratification of U.S. Auditor

Ratification of the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s U.S. independent registered public accounting firm for the year ending December 31, 2018.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
341,661,409 99.2 2,598,185 0.8 344,259,594 74.5 163,396 N/A

Proposal 6 – Re-appointment of U.K. Statutory Auditor

Re-appointment of PwC as the Company’s U.K. statutory auditor under the U.K. Companies Act 2006, to hold office until the next annual general meeting of shareholders at which accounts are laid.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
341,368,861 99.4 1,920,802 0.6 343,289,663 74.3 1,133,327 N/A

Proposal 7 – U.K. Statutory Auditor Fees

Authorize the Board of Directors and/or the Audit Committee to determine the remuneration of PwC, in its capacity as the Company’s U.K. statutory auditor for the year ending December 31, 2018, and to ratify the remuneration of PwC for the year ended December 31, 2017.

The voting results were as follows:

FOR (Number of votes) PERCENT FOR (%) AGAINST (Number of votes) PERCENT AGAINST (%) TOTAL VOTES VALIDLY CAST TOTAL VOTES VALIDLY CAST AS A PERCENTAGE OF SHARES IN ISSUE (%) ABSTENTIONS (Number of votes) BROKER NON-VOTES (Number of votes)
335,970,960 99.9 385,284 0.1 336,356,244 72.8 793,476 7,273,270

A copy of the Current Report on Form 8-K can be found on the SEC website (www.sec.gov) and on the TechnipFMC website (investors.technipfmc.com).

About TechnipFMC

TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients’ project economics.

We are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our clients in developing their oil and gas resources.

Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

To learn more about us and how we are enhancing the performance of the world’s energy industry, go to TechnipFMC.com and follow us on Twitter @TechnipFMC.

Short Name: TechnipFMC
Category Code: RAG
Sequence Number: 649609
Time of Receipt (offset from UTC): 20180615T235248+0000

Contacts

Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email:
Matt Seinsheimer
or
Phillip Lindsay
Director Investor Relations Europe
Tel: +44 203 429 3929
Email: Phillip Lindsay
or
Media relations
Christophe Belorgeot
Vice President Corporate Communications
Tel: +33 1 47 78 39 92
Email: Christophe Belorgeot
or
Delphine Nayral
Manager Public Relations
Tel: +33 1 47 78 34 83
Email: Delphine Nayral

Contacts

Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email:
Matt Seinsheimer
or
Phillip Lindsay
Director Investor Relations Europe
Tel: +44 203 429 3929
Email: Phillip Lindsay
or
Media relations
Christophe Belorgeot
Vice President Corporate Communications
Tel: +33 1 47 78 39 92
Email: Christophe Belorgeot
or
Delphine Nayral
Manager Public Relations
Tel: +33 1 47 78 34 83
Email: Delphine Nayral