National Oilwell Varco is getting tough about its upcoming annual meeting and how the COVID-19 pandemic affects it. The company says everyone attending will answer questions about their travel and have their temperature taken and if they refuse, they won’t be allowed inside the meeting room.
In a proxy statement filing with the Securities Exchange Commission, NOV announced the requirements for his May 20 annual meeting to be held in Houston.
While the Company still intends to conduct the Annual Meeting in person, any stockholders electing to attend the Annual Meeting in person will be subject additional procedures and limitations in recognition of COVID-19, and federal, state, and local guidelines and restrictions related thereto.
“Upon arrival, attendees will be screened prior to admission to the Annual Meeting and will be required to answer questions concerning recent travel, potential exposure to confirmed cases of COVID-19, experiencing respiratory illness symptoms and related questions. Any individual who refuses to complete or who responds affirmatively to any screening question, will be denied entry into the Annual Meeting,” stated the company in the SEC filing. ” All meeting attendees must have their temperature taken before entering the meeting room. If an attendee’s temperature is above 100.4°F, they will be denied entry into the Annual Meeting. The number of attendees permitted entry to the Annual Meeting will be limited to ensure appropriate social distancing. As a result, only the first twenty-two stockholders will be permitted to attend the meeting.”
An annex with live video streaming of the Annual Meeting will be available for any overflow. All meeting attendees will be required to maintain at least six feet of distance between themselves and other people. Seating in the meeting room will be spaced accordingly. All meeting attendees will be encouraged to wear face coverings while on the premises and are required to do so if they cannot maintain proper social distancing.
Face coverings will be available in the lobby, or attendees are welcome to wear one brought from home. Any individual who refuses to comply with the foregoing procedures will be asked to leave the premises for the protection of the other attendees.
The company also said it still urged shareholders against attending in person in order to reduce the risk of aiding the spread of COVID-19.
Source: SEC
