Liberty Oilfield Services Navigates Governance and Compensation Votes

Liberty Oilfield Services (LBRT) has shared an announcement.

At the recent Annual Meeting, three directors were elected to serve three-year terms, with one facing a greater number of withheld votes, prompting a review of his contribution and an ultimate decision to retain him due to his valuable service. Additionally, the company secured advisory approval on executive compensation, ratified its accounting firm for the next year, and endorsed changes to its Long Term Incentive Plan. Moving forward, the company plans to propose board declassification and removal of supermajority provisions at the 2025 stockholders’ meeting, indicating an openness to corporate governance changes in response to stockholder input.

For detailed information about LBRT stock, go to TipRanks’ Stock Analysis page.