Form 8-K

 

 

UNITED STATES

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 1, 2019

 

 

MRC GLOBAL INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

(State or other jurisdiction

of incorporation)

 

001-35479

(Commission

File Number)

 

20-5956993

(I.R.S. Employer

Identification Number)

Fulbright Tower, 1301 McKinney Street, Suite 2300

Houston, TX 77010

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (877) 294-7574

 

 

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.07

Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders of MRC Global Inc. (the “Company”) was held on Tuesday, April 30, 2019 in Houston, Texas. The results of the matters submitted to a vote of the stockholders at the meeting are set forth below. Pursuant to Delaware law and the Company’s By-Laws, broker non-votes are not considered votes cast and do not affect the outcome of the votes. In addition, abstentions are also not considered votes cast for any of the matters submitted to a vote of stockholders except for Item III below. Therefore, only votes for and against each matter are included in the percentages below with the exception of Item III below, which includes abstentions.

Item I. Election of Directors. Stockholders elected each of the persons named below as Directors to hold office until the 2020 annual meeting of stockholders, or until their successors are elected and qualified, or their earlier retirement, removal or death:

 

     FOR      %
FOR
     WITHHELD      %
WITHHELD
     BROKER
NON-VOTES
 

Deborah G. Adams

     94,006,127        98.55        1,383,049        1.45        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Leonard M. Anthony

     93,304,923        97.82        2,084,253        2.18        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Rhys J. Best

     92,819,414        97.31        2,569,762        2.69        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Barbara J. Duganier

     93,764,121        98.30        1,625,055        1.70        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Craig Ketchum

     91,754,747        96.19        3,634,429        3.81        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Andrew R. Lane

     94,517,862        99.09        871,314        0.91        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Dr. Cornelis A. Linse

     93,902,025        98.44        1,487,151        1.56        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

John A. Perkins

     93,253,118        97.76        2,136,058        2.24        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

H. B. Wehrle, III

     91,830,541        96.27        3,558,635        3.73        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Robert L. Wood

     93,624,339        98.15        1,764,837        1.85        3,287,506  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Item II. Advisory Vote to Approve Executive Compensation. The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as follows:

 

Votes Cast For:

     82,308,051        86.39
  

 

 

    

 

 

 

Votes Cast Against:

     12,968,441        13.61
  

 

 

    

 

 

 

Abstentions:

     112,684     
  

 

 

    

Broker Non-Votes:

     3,287,506     
  

 

 

    

Item III. Approval of Amendment to the 2011 Omnibus Incentive Plan, as amended. The stockholders approved the Amendment to the 2011 Omnibus Incentive Plan, as amended, as follows:

 

Votes Cast For:

     93,618,626        98.14
  

 

 

    

 

 

 

Votes Cast Against:

     1,640,561        1.72
  

 

 

    

 

 

 

Abstentions:

     129,989        0.14
  

 

 

    

 

 

 

Broker Non-Votes:

     3,287,506     
  

 

 

    

 

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Item IV. Approval of Advisory Recommendation on Frequency of Advisory Vote to Approve Executive Compensation. The stockholders approved, on an advisory basis, the holding of an advisory vote on the compensation of the Company’s named executive officers every year as follows:

 

Votes Cast For Every Year (1 Year):

     90,908,757        95.40
  

 

 

    

 

 

 

Votes Cast For Every 2 Years:

     72,548        0.08
  

 

 

    

 

 

 

Votes Cast For Every 3 Years:

     4,305,111        4.52
  

 

 

    

 

 

 

Abstentions:

     102,760     
  

 

 

    

Broker Non-Votes:

     3,287,506     
  

 

 

    

In accordance with the stockholder voting results, the Company’s Board of Directors determined on April 30, 2019 that the Company will hold an annual advisory vote on named executive officer compensation until the next advisory vote on the frequency of advisory votes on named executive officer compensation.

Item V. Ratification of the Appointment of Ernst & Young LLP as Independent Auditors. The stockholders ratified the appointment of Ernst & Young LLP as the Company’s independent auditor for the year ending December 31, 2019 as follows:

 

Votes Cast For:

     97,727,020        99.13
  

 

 

    

 

 

 

Votes Cast Against:

     853,026        0.87
  

 

 

    

 

 

 

Abstentions:

     96,636     
  

 

 

    

Broker Non-Votes:

     0     
  

 

 

    

 

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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.

Date: May 1, 2019

 

    MRC GLOBAL INC.
    By:  

/s/ Daniel J. Churay

      Daniel J. Churay
      Executive Vice President – Corporate Affairs,
      General Counsel and Corporate Secretary

 

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