Nabors Industries (NBR) Proxy filing summary

Executive summary

• Achieved significant strategic milestones in 2025, including the acquisition of Parker Wellbore and divestiture of Quail Tools, resulting in substantial debt reduction and improved free cash flow.

• International expansion, especially in Saudi Arabia and Argentina, drove strong EBITDA growth and reinforced leadership in key markets.

• Technology and drilling solutions segments delivered high-margin growth, with NDS Adjusted EBITDA up 66% year-over-year.

• Board and management remain focused on disciplined capital allocation, operational efficiency, and advancing sustainability initiatives.

Voting matters and shareholder proposals

• Election of eight directors for a one-year term.

• Approval of PricewaterhouseCoopers LLP as independent auditor for 2026 and authorization for the Audit Committee to set remuneration.

• Advisory vote on executive compensation (Say-on-Pay).

• Approval of Amendment No. 5 to the Amended and Restated 2016 Stock Plan, increasing shares available for equity awards.

Board of directors and corporate governance

• Board composition: 8 directors, 87.5% independent, with diverse backgrounds and skills.

• Added new independent director, David Tudor, and appointed a new CFO, Miguel Rodriguez, as part of succession planning.

• Board committees include Audit, Compensation, Governance and Nominating, Risk Oversight, Technology & Safety, and Executive Committees.

• Annual board and committee evaluations, robust director independence standards, and active shareholder engagement.