Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07 Submission of Matters to a Vote of Security Holders.
On August 31, 2026, Helix Energy Solutions Group, Inc. (the “Company” or “Helix”) held a special meeting of shareholders (the “Special Meeting”) in connection with the
proposed merger with Hornbeck Offshore Services, Inc., a Delaware corporation (“Hornbeck”), as disclosed in the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on July 31, 2026. At the close of business
on July 27, 2026, the record date for the Special Meeting, 147,382,447 shares of Helix common stock were issued and outstanding. The final voting results are disclosed below.
Issuance of Common Stock.
Shareholders approved the issuance of shares of common stock, par value $0.00001 per share, of Helix following the Conversion (as defined below) (“Helix Delaware”) for purposes of complying with Section 312.03(c) of the New York Stock
Exchange’s (“NYSE”) Listed Company Manual and, in the event such issuance constitutes a change of control, Section 312.03(d) of the NYSE’s Listed Company Manual.
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
126,692,154 644,096 172,957
644,096 172,957
Increase in Authorized Stock.
Shareholders approved an increase in the authorized amount of (i) common stock, par value $0.00001 per share, of Helix Delaware and (ii) preferred stock, par value $0.00001 per share, of Helix Delaware, as set forth in Article V of the
Charter (as defined below).
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
118,826,885 8,652,248 30,074
118,826,885 8,652,248 30,074
Approval of the Second Merger.
Shareholders approved the merger of Hornbeck, as the surviving corporation in the First Merger (as defined below), with and into Hercules Sub LLC, a Delaware limited liability company (the “Second Merger”).
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
117,854,088 9,468,404 186,715
117,854,088 9,468,404 186,715
Plan of Conversion. Shareholders
approved the plan of conversion, pursuant to which, immediately prior to the merger of Odyssey Sub, Inc., a Delaware corporation and direct wholly owned subsidiary of Helix, with and into Hornbeck, with Hornbeck continuing as the
surviving entity (the “First Merger” and, together with the Second Merger, the “Mergers”), Helix will convert from a Minnesota corporation to a Delaware corporation (the “Conversion” and Helix Delaware, following the Mergers, the
“Combined Company”) in accordance with Section 265 of General Corporation Law of the State of Delaware, as amended, and Section 302A.682 of the Minnesota Business Corporation Act, as amended.
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
126,208,465 1,111,078 189,664
126,208,465 1,111,078 189,664
Compliance with Jones Act.
Shareholders approved the provisions in Article XV of the form of certificate of incorporation of the Combined Company attached as Annex D to Helix’s registration statement on Form S-4, as amended (File No. 333-296508), (the “Charter”) regarding compliance with the United States citizenship and cabotage laws commonly referred to as the “Jones Act”, which are principally contained in 46 U.S.C. §§ 50501 (a), (b) and (d) and 46
U.S.C. Chapters 121 and 551.
────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
126,978,952 443,103 87,152
126,978,952 443,103 87,152
Director and Officer Citizenship Requirement. Shareholders approved the director and officer citizenship requirement provisions, as set forth in Section 6.7 of the Charter.
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
126,985,653 477,069 46,485
126,985,653 477,069 46,485
Exclusive Forum. Shareholders
approved the submission to jurisdiction provisions, as set forth in Article XIV of the Charter.
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
108,168,163 19,301,372 39,672
108,168,163 19,301,372 39,672
Officer Exculpation. Shareholders
approved the provisions limiting liability of officers, as set forth in Article VII of the Charter.
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
114,732,346 12,734,229 42,632
12,734,229 42,632
Supermajority Approval Requirement.
Shareholders approved the removal of the supermajority approval requirements, as set forth in Article XI of the Charter. Such approval required the affirmative vote of the holders of shares of Helix common stock representing 80% of the
outstanding shares of Helix common stock entitled to vote on such proposal.
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
126,744,287 720,658 44,262
126,744,287 720,658 44,262
10. Corporate Opportunities Provision.
Shareholders rejected the corporate opportunities provisions, as set forth in Article IX of the Charter.
Votes For Votes Against Abstentions
──────────────────────────────────────────────────
57,242,463 69,985,545 281,199
57,242,463 69,985,545 281,199
11. Non-Binding Named Executive Officer Compensation. Shareholders approved, on a non-binding advisory basis, the compensation that may be paid or become payable to the Company’s named executive officers that is based on or otherwise relates to the Mergers.
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Votes For Votes Against Abstentions
───────────────────────────────────────────────────
114,232,888 12,947,303 329,016
114,232,888 12,947,303 329,016
12. Adjournment. Because the Company’s
shareholders approved proposals (1) through (6), the adjournment proposal was not submitted to the shareholders.