Weatherford International plc filed a Form 8-K on September 3, 2026, reporting shareholder voting results from a Special Scheme Meeting and an Extraordinary General Meeting held the same day, at which shareholders approved all proposals related to the company's proposed redomestication from Ireland to the United States.

Key Highlights

  • High turnout: Holders of approximately 89.77% of the 71,733,989 issued and outstanding Ordinary Shares were present or represented by proxy at the Scheme Meeting.
  • Scheme of Arrangement approved: 64,034,574 shares voted in favor at the Scheme Meeting, against 296,905 opposed, meeting both required voting standards (majority in number of registered shareholders and at least 75% in value).
  • EGM proposals passed: All five EGM agenda items, including capital reduction and articles of association amendment, received approval, each with more than 63.9 million shares voting in favor.
  • Redomestication target: According to the filing, the company intends to close the redomestication in the fourth quarter of 2026, subject to High Court of Ireland approval.
  • Court sanction required: The filing states the redomestication "must be sanctioned by the High Court of Ireland" before it can be completed.
  • New holding company: Upon effectiveness, shareholders would own common stock of Weatherford International Corp, a Delaware corporation, instead of ordinary shares of Weatherford International plc.

Weatherford International Shareholder Vote Details and Redomestication Path

At the Scheme Meeting held September 3, 2026, Weatherford International plc (NASDAQ:WFRD) reported that holders of 64,396,379 Ordinary Shares, representing approximately 89.77% of the 71,733,989 shares entitled to vote, were present in person or by proxy. The sole agenda item, approval of a scheme of arrangement under Chapter 1 of Part 9 of Ireland's Companies Act 2014, received 64,034,574 votes in favor, 296,905 against, and 64,900 abstentions, with no broker non-votes recorded. The filing noted that approval required both a majority in number of voting registered shareholders and those approving shareholders representing at least 75% in value of ordinary shares voted, and confirmed both standards were met.

At the subsequent Extraordinary General Meeting, holders of 64,347,588 Ordinary Shares, or approximately 89.70% of shares entitled to vote, were present or represented. Five separate resolutions were put to shareholders. The first resolution, to approve and authorize the Scheme of Arrangement, received 63,988,435 votes for and 297,864 against. The second, approving a capital reduction under sections 84 to 86 of the Companies Act to cancel Weatherford-Ireland ordinary shares, received 64,292,504 votes in favor and only 7,477 against. The third and fourth resolutions, addressing initial share subscription and allotment of new ordinary shares to Weatherford-US, each received more than 64.2 million votes in favor. The fifth resolution, amending the articles of association to address shares issued after the Voting Record Time, received 63,977,312 votes for and 309,523 against.

The filing disclosed that all approved proposals relate to the company's proposed redomestication from Ireland to the United States, through which Weatherford-Ireland shareholders would receive common stock of Weatherford International Corp, a Delaware corporation. The company stated it expects to request required hearings with the High Court of Ireland "as soon as reasonably practicable" and intends to close the redomestication in the fourth quarter of 2026, subject to court approval. The filing also included forward-looking statements, which the company noted are subject to risks including the ability to receive court approval and satisfy other conditions.

What Was Disclosed

Weatherford International plc disclosed shareholder approval of all proposals at two September 3, 2026 meetings supporting a redomestication from Ireland to the United States, with final completion contingent on sanction by the High Court of Ireland.