Breaking News! Three Board members resigned. Did they go far enough?
At the 2020 Annual General Meeting of Shareholders (the “Annual Meeting”) of Weatherford International plc (the “Company”) held on June 12, 2020, based on preliminary voting results, each of Thomas R. Bates, John F. Glick, and Gordon T. Hall had more votes “against” his re-election to the Board of Directors of the Company (the “Board”) than votes “for” his re-election. On June 12, 2020, in accordance with the Company’s articles of association, each of Messrs. Bates, Glick and Hall promptly tendered his resignation from the Board and the committees thereof, effective immediately, and the Board accepted such resignations. Messrs. Bates, Glick and Hall’s resignations were not the result of any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices.