HOUSTON, May 05, 2017 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today the results of its 2017 Annual Meeting of Stockholders held Friday, May 5, 2017 in Houston, Texas.
Based on the voting results from the meeting, stockholders re-elected Messrs. John F. Bookout, III, David Dickson, Stephen G. Hanks, Erich Kaeser, Gary P. Luquette, William H. Schumann, III and David A. Trice and Ms. Mary L. Shafer-Malicki to McDermott’s Board of Directors, all for one-year terms, with each director receiving the affirmative vote of over 98 percent of the votes cast by stockholders.
In addition, stockholders approved, on an advisory basis, McDermott’s named executive officer compensation with an affirmative vote of over 96 percent of the votes cast by stockholders, voted on an advisory basis for the Company to hold the advisory vote on executive compensation annually and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017.
About the Company
McDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. The Company delivers fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons. Our customers include national and major energy companies. Operating in approximately 20 countries across the world, our locally focused and globally integrated resources include approximately 13,500 employees, a diversified fleet of specialty marine construction vessels, fabrication facilities and engineering offices. We are renowned for our extensive knowledge and experience, technological advancements, performance records, superior safety and commitment to deliver. McDermott has served the energy industry since 1923. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To learn more, please visit our website at www.mcdermott.com.