Baker Hughes holders OK 2026 incentive, stock plans
Baker Hughes Company held its 2026 annual meeting, where stockholders approved two key equity plans and all director nominees.
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Form Type
8-K
Rhea-AI Filing Summary
Baker Hughes Company held its 2026 annual meeting, where stockholders approved two key equity plans and all director nominees. Investors approved the 2026 Long-Term Incentive Plan, which adds a reserve of 9,500,000 new Class A shares, plus any remaining shares under the 2021 plan after March 16, 2026. They also approved changes to the Employee Stock Purchase Plan, increasing its share pool by 9,500,000 to a total of 14,408,532 shares reserved for issuance.
All ten director nominees were elected and the executive compensation program received majority support in an advisory vote. KPMG LLP was ratified as independent registered public accounting firm for fiscal year 2026. As of March 23, 2026, 991,757,347 shares were outstanding, with 911,637,899 represented at the meeting, satisfying quorum requirements.
8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
2026 LTIP new reserve: 9,500,000 shares
ESPP increase: 9,500,000 shares
Total ESPP reserve: 14,408,532 shares
+5 more
8 metrics
2026 LTIP new reserve
9,500,000 shares
New Class A share reserve under 2026 Long-Term Incentive Plan
ESPP increase
9,500,000 shares
Additional shares made available under the ESPP
Total ESPP reserve
14,408,532 shares
Aggregate Class A shares reserved for issuance under ESPP
Shares outstanding
991,757,347 shares
Class A common stock outstanding as of March 23, 2026
Shares represented
911,637,899 shares
Shares present in person or by proxy at annual meeting
Say-on-pay votes for
806,679,306 votes
Advisory approval of executive compensation program
Auditor ratification votes for
907,322,622 votes
Ratification of KPMG LLP as 2026 independent auditor
LTIP approval votes for
845,905,226 votes
Stockholder approval of 2026 Long-Term Incentive Plan
Key Terms
Long-Term Incentive Plan, Employee Stock Purchase Plan, advisory vote, broker non-votes, +1 more
5 terms
Long-Term Incentive Plan financial
"approve both the Baker Hughes Company 2026 Long-Term Incentive Plan (the “2026 LTIP”)"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Employee Stock Purchase Plan financial
"Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (the “ESPP”)"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
advisory vote financial
"vote on an advisory vote related to the Company’s executive compensation program"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
broker non-votes financial
"Number of Votes FOR | | Number of Votes AGAINST | | Abstain Votes | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratification of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity plans did Baker Hughes (BKR) stockholders approve at the 2026 annual meeting?
Stockholders approved the 2026 Long-Term Incentive Plan and the amended Employee Stock Purchase Plan. The 2026 LTIP adds 9,500,000 new reserved shares, while the ESPP’s pool increases by 9,500,000 shares, bringing its total share reserve to 14,408,532.
Were Baker Hughes (BKR) directors and executive pay approved by stockholders?
All ten director nominees were elected and the executive compensation program was approved. The say-on-pay advisory vote received 806,679,306 votes in favor, 62,794,771 against, and 2,804,374 abstentions, with additional broker non-votes recorded.
Who is Baker Hughes’ (BKR) independent auditor for fiscal year 2026?
KPMG LLP was ratified as Baker Hughes’ independent registered public accounting firm for 2026. The ratification received 907,322,622 votes for, 3,941,384 against, and 373,892 abstentions, reflecting strong stockholder support for the auditor.
What was the quorum at the 2026 Baker Hughes (BKR) annual stockholders’ meeting?
A quorum was achieved with 911,637,899 shares represented in person or by proxy. This compares to 991,757,347 shares of Class A common stock issued, outstanding, and entitled to vote as of the March 23, 2026 record date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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