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 13, 2016 (May 12, 2016)

 

TRANSOCEAN LTD.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

Switzerland

 

000-53533

 

98-0599916

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

 

 

 

 

 

10 Chemin de Blandonnet

1214 Vernier, Geneva

Switzerland

 

CH-1214

(Address of principal executive offices)

 

(zip code)

 

Registrant’s telephone number, including area code: +41 (22) 930-9000

 

(Former name or former address, if changed since last report)

 

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))

 

 


 

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

 

Transocean Ltd. (the "Company") held its Annual General Meeting of Shareholders on May 12, 2016, in Zug, Switzerland. The shareholders took action on the following matters at the 2016 Annual General Meeting:

 

1.    Proposal regarding the approval of the 2015 Annual Report, including the Audited Consolidated Financial Statements of Transocean Ltd. for Fiscal Year 2015 and the Audited Statutory Financial Statements of Transocean Ltd. for Fiscal Year 2015.

 

 

 

 

 

 

For

    

Against

    

Abstain

 

243,275,051

 

2,850,177

 

2,504,032

 

 

This item was approved.

 

2.    Proposal regarding the discharge of the Members of the Board of Directors and the Executive Management Team from liability for activities during Fiscal Year 2015.

 

 

 

 

 

 

 

 

For

    

Against

    

Abstain

    

Broker Non-Votes

 

153,298,809

 

5,729,729

 

978,447

 

88,622,275

 

 

This item was approved.

 

3.    Proposal regarding appropriation of the accumulated loss for Fiscal Year 2015.

 

 

 

 

 

 

For

    

Against

    

Abstain

 

237,519,631

 

7,048,676

 

4,060,553

 

 

This item was approved.

 

4.    Proposal regarding the renewal of authorized share capital.

 

 

 

 

 

 

For

    

Against

    

Abstain

 

236,521,900

 

8,693,869

 

3,413,091

 

 

This item was approved.

 

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5.    Proposals regarding the re-election of eleven directors for a term extending until completion of the next annual general meeting.

 

 

 

 

 

 

 

 

 

 

Name of Nominee for

Director

    

For

    

Against

    

Abstain

    

Broker Non-Votes

 

Glyn A. Barker

 

153,008,643

 

6,281,894

 

716,048

 

88,622,275

 

Vanessa C.L. Chang

 

156,284,354

 

3,009,175

 

712,456

 

88,622,275

 

Frederico C. Curado

 

152,364,721

 

6,916,210

 

725,054

 

88,622,275

 

Chadwick C. Deaton

 

156,357,833

 

2,925,992

 

722,160

 

88,622,275

 

Vincent J. Intrieri

 

148,036,033

 

11,257,268

 

712,684

 

88,622,275

 

Martin B. McNamara

 

155,162,829

 

4,150,414

 

692,742

 

88,622,275

 

Samuel J. Merksamer

 

146,756,377

 

12,545,921

 

703,687

 

88,622,275

 

Merrill A. "Pete" Miller, Jr.

 

153,082,822

 

3,795,349

 

3,127,814

 

88,622,275

 

Edward R. Muller

 

156,504,327

 

2,797,896

 

703,762

 

88,622,275

 

Tan Ek Kia

 

154,571,920

 

4,720,202

 

713,863

 

88,622,275

 

Jeremy D. Thigpen

 

157,109,440

 

2,204,642

 

691,903

 

88,622,275

 

 

Each of the eleven persons listed above were duly reelected as a director of the Company to hold office until the completion of the 2017 Annual General Meeting of Shareholders.

 

6.    Proposal regarding the election of the Chairman of the Board of Directors for a term extending until completion of the next Annual General Meeting.

 

 

 

 

 

 

 

 

 

 

Name of Chairman Nominee

    

For

    

Against

    

Abstain

    

Broker Non-Votes

 

Merrill A. "Pete" Miller, Jr.

 

153,561,344

 

3,321,986

 

3,122,655

 

88,622,275

 

 

Merrill A. "Pete" Miller, Jr. was elected Chairman of the Board of Directors of the Company to hold office until the completion of the 2017 Annual General Meeting of Shareholders.

 

7.    Proposal regarding the election of the members of the Compensation Committee, each for a term extending until the completion of the next Annual General Meeting.

 

 

 

 

 

 

 

 

 

 

Name of Compensation Committee Nominee

    

For

    

Against

    

Abstain

    

Broker Non-Votes

 

Frederico C. Curado

 

145,610,206

 

13,604,075

 

791,704

 

88,622,275

 

Vincent J. Intrieri

 

147,839,539

 

11,358,499

 

807,947

 

88,622,275

 

Martin B. McNamara

 

147,278,596

 

11,921,294

 

806,095

 

88,622,275

 

Tan Ek Kia

 

147,407,452

 

11,795,302

 

803,231

 

88,622,275

 

 

Each of the four persons listed above were duly elected to serve as a member of the Compensation Committee of the Company to hold office until completion of the 2017 Annual General Meeting of Shareholders.

2


 

 

8.     Proposal regarding the reelection of Schweiger Advokatur / Notariat as the Company's independent proxy for a term extending until completion of the next Annual General Meeting.

 

 

 

 

 

For

    

Against

    

Abstain

157,708,734

 

1,539,406

 

757,845

 

This item was approved.

 

9.    Proposal regarding the appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for Fiscal Year 2016 and reelection of Ernst & Young Ltd, Zurich, as the Company's Auditor for a further one-year term.

 

 

 

 

 

 

 

For

    

Against

    

Abstain

 

243,765,337

 

3,435,359

 

1,427,564

 

 

This item was approved.

 

10.    Proposal regarding the advisory vote to approve Named Executive Officer compensation for Fiscal Year 2015.

 

 

 

 

 

 

 

 

 

For

    

Against

    

Abstain

    

Broker Non-Votes

 

139,871,484

 

19,141,124

 

993,377

 

88,622,275

 

 

This item was approved.

 

11.    (a) Proposal regarding ratification of the maximum aggregate amount of compensation of the Board of Directors for the period between the 2016 Annual General Meeting and the 2017 Annual General Meeting.

 

 

 

 

 

 

 

 

 

For

    

Against

    

Abstain

    

Broker Non-Votes

 

153,773,787

 

4,634,258

 

1,597,940

 

88,622,275

 

 

This item was approved.

 

11.    (b) Proposal regarding the ratification of the maximum aggregate amount of compensation of the Executive Management Team for Fiscal Year 2017.

 

 

 

 

 

 

 

 

 

For

    

Against

    

Abstain

    

Broker Non-Votes

 

144,956,306

 

13,999,028

 

1,050,651

 

88,622,275

 

 

This item was approved.

 

 

 

 

3


 

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.

 

 

 

 

 

TRANSOCEAN LTD.

 

 

 

 

 

 

Date: May 13, 2016

By

/s/ Daniel Ro-Trock

 

 

Daniel Ro-Trock

 

 

Authorized Person

 

 

 

 

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