Short answer
Seadrill Ltd (SDRL) filed an 8-K current report with the SEC on June 5, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders). Shareholders approved Amendment No. 1 to Seadrill’s 2022 Management Incentive Plan on June 3, 2026.
Seadrill Ltd 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Shareholders approved Amendment No. 1 to Seadrill’s 2022 Management Incentive Plan on June 3, 2026
- Amendment enables implementation of previously board-approved incentive-plan changes
- Executive and employee equity incentives may change, with potential dilution and compensation impact
- Full amendment terms filed as Exhibit 10.1 and detailed in the April 20, 2026 proxy statement
Item 5.07 · Submission of Matters to a Vote of Security Holders
- Shareholders approved up to nine directors, preserving Board flexibility to fill vacancies
- All nine nominees re-elected; Andrew Schultz faced strongest opposition with 11,963,111 against votes
- PwC US reappointed for fiscal 2026, with 47,223,781 votes for and 79,918 against
- 2025 executive compensation approved on an advisory basis, with 2,310,244 votes against
- Management incentive plan Amendment No. 1 approved, with 41,146,428 votes for and 2,201,541 against
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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