Weatherford International plc announced that its shareholders approved all routine matters during the meetings held on June 11, 2026, but proposals to redomesticate the company from Ireland to Texas failed to achieve the necessary approval. The meetings included a Special Court-Convened Meeting and the Company's 2026 Annual General Meeting. Shareholders representing approximately 89.78% of the Company's 71,933,662 outstanding shares cast votes.

Routine approvals included the election of Weatherford's directors and the ratification of the Company's external auditor, KPMG. However, the non-routine proposals regarding the redomestication to the U.S. did not pass. While more than 60% of votes cast supported the move, the proposals required a 75% approval threshold which was not met.

Despite the outcome, the Company plans to continue engaging with shareholders. Weatherford intends to present an updated proposal in the coming weeks to redomicile to Delaware in the U.S. at a future meeting. The leadership team expressed confidence that aligning the corporate structure with a U.S. domicile will create long-term value and expects the delay will not impact operations or financial outcomes for 2027 and beyond, assuming the redomestication is completed.

Girish Saligram, Weatherford's President and Chief Executive Officer, stated that the majority support reinforces the company's conviction in the value creation potential of the initiative. He emphasized that the board remains committed to the move and is hopeful the amended proposal to Delaware will receive broad support.

Voting Summary