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Baker Hughes logoBaker Hughes BKR

Baker Hughes said Lynn L. Elsenhans informed the company on March 28, 2025 that she will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company said the decision is not the result of any disagreement with the company.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Baker Hughes said Lynn L. Elsenhans informed the company on March 28, 2025 that she will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company said the decision is not the result of any disagreement with the company.

  2. Baker Hughes said Ms. Elsenhans has been a member of the Board since 2019 and chairs the Governance & Corporate Responsibility Committee and serves on the Human Capital and Compensation Committee. Her committee roles will continue until May 1, 2025, and her board seat will continue until the 2025 Annual Meeting.

  3. The company said the Board elected Ilham Kadri as a director on March 28, 2025, with a term beginning on May 1, 2025. Effective May 1, 2025, the size of the Board will increase from 10 to 11 members.

  4. The company said the Board determined that Ms. Kadri is independent under Nasdaq rules and other applicable standards, and that she qualifies as an audit committee financial expert. Ms. Kadri will serve on the Audit Committee and the Human Capital and Compensation Committee, and her compensation will be consistent with that of other non-employee directors.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Lynn L. Elsenhans Will Not Stand for Re-election at 2025 Annual Meeting

Baker Hughes said Lynn L. Elsenhans informed the company on March 28, 2025 that she will not stand for re-election at the 2025 Annual Meeting of Shareholders. The company said the decision is not the result of any disagreement with the company.

Source · Based on the filing body and exhibits

Elsenhans Board Service and Committee Roles

Baker Hughes said Ms. Elsenhans has been a member of the Board since 2019 and chairs the Governance & Corporate Responsibility Committee and serves on the Human Capital and Compensation Committee. Her committee roles will continue until May 1, 2025, and her board seat will continue until the 2025 Annual Meeting.

Source · Based on the filing body and exhibits

Ilham Kadri Elected Director; Board Size to Expand

The company said the Board elected Ilham Kadri as a director on March 28, 2025, with a term beginning on May 1, 2025. Effective May 1, 2025, the size of the Board will increase from 10 to 11 members.

Source · Based on the filing body and exhibits

Kadri Independence Determination and Committee Assignments

The company said the Board determined that Ms. Kadri is independent under Nasdaq rules and other applicable standards, and that she qualifies as an audit committee financial expert. Ms. Kadri will serve on the Audit Committee and the Human Capital and Compensation Committee, and her compensation will be consistent with that of other non-employee directors.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.