NOV Inc. (NYSE: NOV) holders back board, pay plan and twin dividends
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
NOV Inc. reported results from its Annual Meeting of Stockholders and announced cash dividends. Stockholders re-elected nine directors to one-year terms through the 2027 annual meeting, ratified Ernst & Young LLP as independent auditor for 2026, and approved on an advisory basis the compensation of named executive officers.
The Board declared a regular quarterly cash dividend of $0.09 per share, payable on June 26, 2026 to stockholders of record on June 12, 2026. It also declared a supplemental cash dividend of $0.09 per share as part of the 2025 return of capital plan, payable on June 12, 2026 to stockholders of record on June 1, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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
Regular quarterly dividend: $0.09 per share
Supplemental dividend: $0.09 per share
Auditor ratification votes for: 319,823,883 votes
+3 more
6 metrics
Regular quarterly dividend
$0.09 per share
Payable June 26, 2026 to stockholders of record on June 12, 2026
Supplemental dividend
$0.09 per share
Payable June 12, 2026 to stockholders of record on June 1, 2026
Auditor ratification votes for
319,823,883 votes
Ratification of Ernst & Young LLP as independent auditor for 2026
Say-on-pay votes for
316,330,033 votes
Advisory approval of compensation of named executive officers
Director Bayardo votes for
314,865,718 votes
Election of Jose A. Bayardo to the Board of Directors
Broker non-votes on director elections
17,668,499 votes
Broker non-votes reported for each director election item
Key Terms
Annual Meeting of Stockholders, supplemental dividend, return of capital plan, broker non-votes, +2 more
6 terms
Annual Meeting of Stockholders financial
"On May 20, 2026, NOV Inc. (the “Company”) held its Annual Meeting of Stockholders"
supplemental dividend financial
"the Board declared a supplemental dividend of $0.09 per share as part of the Company’s 2025 return of capital plan"
A supplemental dividend is an extra cash payment a company gives shareholders on top of its regular dividend, usually one-time or occasional and paid from surplus cash or proceeds from a specific event. It matters to investors because it can signal that the company has excess funds and is returning value to owners, similar to a workplace bonus, but since it’s often non-recurring it can change expectations about future income and stock valuation.
return of capital plan financial
"as part of the Company’s 2025 return of capital plan"
broker non-votes financial
"BROKER NON-Votes 3. Approval, on an advisory basis, of the compensation"
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 auditor financial
"the ratification of the appointment of Ernst & Young LLP as the Company’s independent auditor for 2026"
An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.
forward-looking statements regulatory
"Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What did NOV (NOV) stockholders approve at the 2026 annual meeting?
NOV stockholders re-elected nine directors, ratified Ernst & Young LLP as independent auditor for 2026, and approved on an advisory basis the compensation of named executive officers. These items all received strong support based on the reported vote totals.
How much is NOV (NOV) paying in its regular quarterly dividend?
NOV declared a regular quarterly cash dividend of $0.09 per share of common stock. It will be paid on June 26, 2026 to stockholders recorded as owning shares on June 12, 2026, providing a recurring cash return to shareholders.
What is NOV (NOV)’s supplemental dividend and when will it be paid?
NOV declared a supplemental cash dividend of $0.09 per share as part of its 2025 return of capital plan. This supplemental dividend will be paid on June 12, 2026 to stockholders of record on June 1, 2026, in addition to the regular dividend.
Who is NOV (NOV)’s independent auditor for 2026?
Stockholders ratified the appointment of Ernst & Young LLP as NOV’s independent auditor for 2026. The ratification received 319,823,883 votes for, 17,723,471 against, and 114,550 abstentions, with no broker non-votes reported on this proposal.
How did NOV (NOV) stockholders vote on executive compensation?
NOV stockholders approved, on an advisory basis, the compensation of the company’s named executive officers. The advisory vote received 316,330,033 votes for, 3,453,317 against, and 210,055 abstentions, with 17,668,499 broker non-votes, indicating broad shareholder support for the pay program.
When are the record dates for NOV (NOV)’s declared dividends?
For the supplemental $0.09 dividend, the record date is June 1, 2026. For the regular $0.09 quarterly dividend, the record date is June 12, 2026. Payments occur on June 12, 2026 and June 26, 2026, respectively, to investors of record on those dates.
