Weatherford International announced it will hold Special Shareholder Meetings on September 3, 2026, to vote on its proposed redomestication from Ireland to Delaware. The Board unanimously recommends approval, estimating annual cash savings of $20 million to $30 million beginning in 2027 if the move is completed this year. Shareholders must submit new voting instructions and complete both proxy cards for the Scheme Meeting and Extraordinary General Meeting, as prior votes from the June 11 meetings will not count. The definitive proxy statement was filed with the SEC today and is being distributed to all shareholders.
Weatherford International plcProposed redomestication to Delaware expected to save $20-30M annually from 2027, with Board recommendation.