GlobeNewswire·Jun 11, 2026, 4:30 PM ET

Weatherford Announces Results of Shareholder Meeting and Redomestication Proposals

Weatherford International plc announced results from shareholder meetings held on June 11, 2026, including a Special Court-Convened Meeting & its 2026 Annual General Meeting.
Shareholders representing approximately 89.78% of the 71,933,662 outstanding shares cast votes at the meetings.
All routine matters were approved, including the election of directors & the ratification of external auditor KPMG.
Votes for the proposed redomestication from Ireland to Texas received over 60% support but failed to meet the required 75% threshold for non-routine proposals.
The Company intends to present an updated proposal to redomestic to Delaware in the U.S. at a future meeting following continued shareholder engagement.
CEO Girish Saligram expressed confidence that aligning the corporate structure with a U.S. domicile will enhance long-term growth & shareholder value.
Management expects the transition to Delaware to avoid impacting employees, customers, operations, or anticipated financial outcomes for 2027 & beyond.