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CalPERS Pushes For Executive Payment, Voting Changes At 3 Companies

DOW JONES NEWSWIRES The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive compensation, supermajority and plurality voting requirements. It said it supports a proposal for Chesapeake Energy Corp.'s (CHK) June 8 annual meeting that would remove a 67% supermajority voting requirement to amend or adopt new bylaws for the natural-gas producer. At New York Community Bancorp Inc. (NYB), CalPERS is seeking to remove a plurality vote standard in favor of a majority vote standard at the banking company's June 7 annual meeting. For Nabors Industries Ltd. (NBR), CalPERS will push for shareholder approval of future severance agreements during the drilling contractor's June 5 meeting. Nabors was criticized recently for disclosing a $100 million severance-style deal for its departing chief executive, Eugene Isenberg, who later agreed to waive his rights to the payment. The payment would have been one of the largest executive paydays in recent years. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108;

Stock News for Nabors (NBR)
10/26/201606:02:51Current Report Filing (8-k)
10/25/201618:02:00Nabors Announces Third-Quarter Results
10/04/201608:15:35Statement of Changes in Beneficial Ownership (4)
10/04/201608:10:35Statement of Changes in Beneficial Ownership (4)
09/29/201618:52:00Nabors Industries Ltd. Third Quarter 2016 Earnings Conference...
08/03/201616:50:16Quarterly Report (10-q)
08/03/201609:02:17Amended Current Report Filing (8-k/a)
08/02/201617:27:58Current Report Filing (8-k)
08/02/201617:21:00Nabors Announces Second Quarter Results
07/29/201617:04:02Current Report Filing (8-k)
07/29/201617:02:14Securities Registration: Employee Benefit Plan (s-8)
07/20/201616:40:00C&J Energy Services Files for Bankruptcy
07/15/201616:15:00Nabors Industries Ltd. Second Quarter 2016 Earnings Conference...
07/05/201608:03:59Statement of Changes in Beneficial Ownership (4)
07/05/201607:58:34Statement of Changes in Beneficial Ownership (4)
06/13/201617:30:36Current Report Filing (8-k)
06/09/201617:04:03Statement of Changes in Beneficial Ownership (4)
06/09/201616:58:01Statement of Changes in Beneficial Ownership (4)
06/09/201616:42:30Statement of Changes in Beneficial Ownership (4)
06/09/201616:38:12Statement of Changes in Beneficial Ownership (4)

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