Civeo (NYSE: CVEO) holders back directors, equity plan expansion and EY

Rhea-AI Filing Summary

Civeo Corporation reported the results of its 2026 Annual General Meeting of Shareholders. Shareholders elected six directors across Class II and Class III, with each nominee receiving more than 8.29 million votes in favor.

They also approved, on an advisory basis, the compensation of the named executive officers and approved an amendment to the 2014 Equity Participation Plan to increase the number of shares available for issuance by 520,920 shares, subject to adjustment under the plan. In addition, shareholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2026.

8-K Event Classification

Item 5.07 — Submission of Matters to a Vote of Security Holders

1 item

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.

Key Figures

Equity plan share increase: 520,920 shares Say-on-pay votes for: 8,247,893 votes Equity plan amendment votes for: 8,240,482 votes +4 more

7 metrics

Equity plan share increase 520,920 shares Additional shares available under 2014 Equity Participation Plan

Say-on-pay votes for 8,247,893 votes Advisory approval of named executive officer compensation

Equity plan amendment votes for 8,240,482 votes Approval of amendment to increase plan shares

Auditor ratification votes for 10,096,589 votes Ratification of Ernst & Young LLP for 2026 audit

Director Navarre votes for 8,406,487 votes Election of Richard A. Navarre as director

Director Dodson votes for 8,572,412 votes Election of Bradley J. Dodson as director

Broker non-votes (proposals 1–3) 1,496,244 votes Non-voting shares recorded on multiple proposals

Key Terms

2014 Equity Participation Plan, Broker Non-Votes, independent registered public accounting firm, advisory basis, +1 more

5 terms

2014 Equity Participation Plan financial

"approved an amendment to the 2014 Equity Participation Plan (the “Plan”) to, among other things, increase the number of shares"

Broker Non-Votes financial

"For | Withheld | Broker Non-Votes Richard A. Navarre | 8,406,487 | 198,086 | 1,496,244"

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 regulatory

"ratified the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 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.

advisory basis regulatory

"voted, on an advisory basis, in favor of the compensation of the persons listed as named executive officers"

Annual General Meeting of Shareholders financial

"At the 2026 Annual General Meeting of Shareholders of Civeo Corporation"

Understanding 8-K Material Events →

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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 27, 2026

____________________

Civeo Corporation

(Exact name of registrant as specified in its charter)

British Columbia, Canada

1-36246

98-1253716

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

Three Allen Center

333 Clay Street, Suite 4400

Houston,

Texas

77002

(Address and zip code of principal executive offices)

Registrant’s telephone number, including area code: (713) 510-2400

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))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class			Trading Symbol(s)			Name of Each Exchange on Which Registered
Common Shares, no par value			CVEO			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 

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.

At the 2026 Annual General Meeting of Shareholders of Civeo Corporation (“Civeo”), the shareholders of Civeo: (1) elected six nominees to the Board to serve as Class II and Class III directors; (2) voted, on an advisory basis, in favor of the compensation of the persons listed as named executive officers in the Proxy Statement; (3) approved an amendment to the 2014 Equity Participation Plan (the “Plan”) to, among other things, increase the number of shares available for issuance thereunder by 520,920 shares, subject to adjustment in accordance with the terms of the Plan and (4) ratified the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2026 and until the next annual general meeting of shareholders and authorized the directors of Civeo, acting through the Audit Committee, to determine the compensation to be paid to Ernst & Young LLP for 2026. The proposals related to each matter are described in detail in the Proxy Statement. The voting results for each proposal are as follows:

Proposal 1 - To elect the three Class II and Class III nominees to the Board:

						For						Withheld						Broker Non-Votes
Richard A. Navarre						8,406,487						198,086						1,496,244
Martin A. Lambert						8,417,605						186,968						1,496,244
Constance B. Moore						8,418,306						186,267						1,496,244
Bradley J. Dodson						8,572,412						32,161						1,496,244
Daniel B. Silvers						8,293,243						311,330						1,496,244
Timothy O. Wall						8,562,700						41,873						1,496,244

Proposal 2 - To approve, on an advisory basis, the compensation of the named executive officers:

For						Against						Abstain						Broker Non-Votes
8,247,893						33,269						323,411						1,496,244

Proposal 3 – To approve an amendment to the Plan to increase the number of shares available for issuance thereunder by 520,920 shares, subject to adjustment in accordance with the terms of the Plan:

For						Against						Abstain						Broker Non-Votes
8,240,482						53,383						310,708						1,496,244

Proposal 4 - To ratify the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2026 and until the next annual general meeting of shareholders and to authorize the directors of Civeo, acting through the Audit Committee, to determine the remuneration to be paid to Ernst & Young LLP for 2026:

For						Withheld						Broker Non-Votes
10,096,589						4,228						--

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.

Dated: May 27, 2026

            CIVEO CORPORATION

                    By: /s/ E. Collin Gerry ,

                    Name:    E. Collin Gerry

Title:    Senior Vice President, Chief Financial Officer and Treasurer

FAQ

What did Civeo (CVEO) shareholders decide at the 2026 annual meeting?

Civeo shareholders elected six directors, approved executive compensation on an advisory basis, amended the 2014 Equity Participation Plan to add 520,920 issuable shares, and ratified Ernst & Young LLP as independent auditor for the year ending December 31, 2026.

How did Civeo (CVEO) shareholders vote on executive compensation in 2026?

Shareholders approved Civeo’s named executive officer compensation on an advisory basis, with 8,247,893 votes for, 33,269 against, 323,411 abstentions, and 1,496,244 broker non-votes, indicating broad support for the company’s executive pay program as described in the proxy statement.

What change was made to Civeo’s 2014 Equity Participation Plan?

Shareholders approved an amendment to Civeo’s 2014 Equity Participation Plan to increase the number of shares available for issuance by 520,920 shares, subject to adjustment under the plan’s terms, providing additional equity capacity for future awards to eligible participants.

Which directors were elected to Civeo’s board at the 2026 meeting?

Six nominees were elected as Class II and Class III directors: Richard A. Navarre, Martin A. Lambert, Constance B. Moore, Bradley J. Dodson, Daniel B. Silvers, and Timothy O. Wall, each receiving over 8.29 million votes in favor, plus 1,496,244 broker non-votes recorded.

Who is Civeo’s independent auditor for the year ending December 31, 2026?

Ernst & Young LLP was ratified as Civeo’s independent registered public accounting firm for the year ending December 31, 2026, with 10,096,589 votes for and 4,228 votes withheld, and the directors, through the Audit Committee, were authorized to determine Ernst & Young’s 2026 remuneration.

How strong was shareholder support for Civeo’s equity plan amendment?

The amendment to increase shares under Civeo’s 2014 Equity Participation Plan received 8,240,482 votes for, 53,383 against, 310,708 abstentions, and 1,496,244 broker non-votes, reflecting clear shareholder approval of the additional 520,920 shares available for issuance under the plan.

Filing Exhibits & Attachments

3 documents

Other Documents

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• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.9 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 13.3 KB