Drilling Tools (DTI) details 2026 board elections and auditor vote
Rhea-AI Filing Summary
Drilling Tools International Corporation reported the results of its 2026 Annual Meeting of Stockholders held on April 28, 2026. Stockholders elected or reelected seven directors, including Ira H. Green, Jr., Daniel J. Kimes and Jeremy D. Thigpen, to serve until the 2027 annual meeting.
R. Wayne Prejean, the company’s President and Chief Executive Officer, began serving as Chairman of the Board at the conclusion of the meeting, while John D. “Jack” Furst commenced service as Lead Independent Director. Former directors Thomas M. “Roe” Patterson and C. Richard Vermillion left the Board after deciding not to stand for reelection, with their decisions stated as unrelated to any disagreement with the company.
Stockholders also ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for fiscal year 2026. A total of 18,789,793 common shares, representing approximately 53.39% of the 35,188,260 shares entitled to vote, were present in person or by proxy.
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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, and exhibit attachments filed with this report.
Key Figures
Shares represented at meeting: 18,789,793 shares
Shares entitled to vote: 35,188,260 shares
Voting participation rate: 53.39%
+3 more
6 metrics
Shares represented at meeting
18,789,793 shares
Common shares present in person or by proxy at 2026 annual meeting
Shares entitled to vote
35,188,260 shares
Common shares issued and outstanding entitled to vote at 2026 annual meeting
Voting participation rate
53.39%
Percentage of shares entitled to vote that were present or by proxy
Auditor ratification votes for
18,776,126 votes
Votes for ratification of Grant Thornton LLP for fiscal year 2026
Auditor ratification votes against
12,368 votes
Votes against ratification of Grant Thornton LLP for fiscal year 2026
Auditor ratification abstentions
1,299 votes
Abstentions on ratification of Grant Thornton LLP for fiscal year 2026
Key Terms
Lead Independent Director, Emerging growth company, independent registered public accounting firm, broker non-votes, +1 more
5 terms
Lead Independent Director financial
"designated John D. “Jack” Furst to serve as Lead Independent Director"
A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.
Emerging growth company regulatory
"Emerging growth company Effective as of the conclusion of the 2026 Annual Meeting"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
independent registered public accounting firm financial
"Ratification of the appointment of Grant Thornton LLP as Drilling Tools’ 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.
broker non-votes financial
"WITHHELD | | | | 7,393,769 | 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.
Annual Meeting of Stockholders financial
"Effective as of the conclusion of the 2026 Annual Meeting of Stockholders"
FAQ
What did Drilling Tools International (DTI) stockholders approve at the 2026 annual meeting?
Stockholders elected or reelected seven directors and ratified Grant Thornton LLP as independent auditor for 2026. The meeting confirmed board leadership roles and reflected majority support for the proposed governance and audit items.
Who are the key board leaders at Drilling Tools International (DTI) after the 2026 meeting?
R. Wayne Prejean serves as Chairman of the Board and continues as President and CEO, while John D. “Jack” Furst serves as Lead Independent Director. Both roles became effective at the conclusion of the April 28, 2026 annual meeting.
Which directors did Drilling Tools International (DTI) stockholders elect or reelect in 2026?
Stockholders elected Ira H. Green, Jr., Daniel J. Kimes and Jeremy D. Thigpen, and reelected R. Wayne Prejean, Curtis L. Crofford, John D. “Jack” Furst and Eric C. Neuman. Each director will serve until the 2027 annual meeting and until a successor is elected.
Did any directors leave the Drilling Tools International (DTI) board at the 2026 annual meeting?
Thomas M. “Roe” Patterson and C. Richard Vermillion ceased serving as directors at the meeting’s conclusion after choosing not to seek reelection. The company notes each decision was not due to any disagreement regarding operations, policies or practices.
Who is Drilling Tools International’s (DTI) independent auditor for fiscal year 2026?
Stockholders ratified the appointment of Grant Thornton LLP as the company’s independent registered public accounting firm for fiscal year 2026. Voting on this proposal showed strong support, with substantially more votes cast for ratification than against or abstaining.
AI-generated analysis. How Rhea-AI works. Not financial advice.
