McDermott Announces Annual Stockholders’ Meeting Results

HOUSTON, April 29, 2016 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today the results of its 2016 Annual Meeting of Stockholders held on Friday, April 29, 2016 in Houston, Texas.

Based on the voting results from the meeting, stockholders re-elected Messrs. John F. Bookout, III, Roger A. Brown, David Dickson, Stephen G. Hanks, Gary P. Luquette, William H. Schumann, III and David A. Trice and Ms. Mary L. Shafer-Malicki, and elected Mr. Erich Kaeser, to McDermott’s Board of Directors, all for one-year terms.

In addition, stockholders approved, on an advisory basis, McDermott’s named executive officer compensation, approved both the Company’s 2016 Executive Incentive Compensation Plan and the Company’s 2016 Long-Term Incentive Plan and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2016.

About McDermott
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 more than 20 countries across the world, our locally focused and globally integrated resources include approximately 11,200 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 and shares of the common stock are listed on the New York Stock Exchange. As used in this press release, McDermott includes McDermott International, Inc. and its subsidiaries and affiliates. To learn more, please visit our website at


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