SLB » Topics » 3. Shareholder Proposal on Advisory Vote on Named Executive Officer Compensation

This excerpt taken from the SLB DEF 14A filed Mar 12, 2009.

3. Shareholder Proposal on Advisory Vote on Named Executive Officer Compensation

 

James McRitchie and Myra K. Young, 9295 Yorkship Court, Elk Grove, CA 95758, owners of at least $2,000 in market value of shares of common stock, have advised the Company that they have designated John Chevedden as proxy and intend to present the following resolution at the Annual General Meeting of Stockholders. Approval of this proposal would require a vote in favor by a majority of the votes cast (excluding any abstentions) at the Annual General Meeting of Stockholders. Rule 14a-8(h)(1) of the Exchange Act requires that the shareholder proponent or his or her qualified representative attend the meeting to present the proposal. Failure to attend the meeting and present the proposal will result in the proposal not being called for a vote at the meeting.

 

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