KLX Energy Services (KLXE) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on May 7, 2025, with shareholders of record as of March 19, 2025, eligible to vote on key proposals, including board declassification, director elections, executive compensation, and amendments to governance documents.

• 2024 financial results included $709.3 million in revenue, a net loss of $53.0 million, positive operating cash flow of $54.2 million, and adjusted EBITDA of $89.6 million.

• The company emphasizes high ethical standards, operational efficiency, innovation, and responsibility, with a focus on sustainable practices and stakeholder engagement.

Voting matters and shareholder proposals

• Proposals include declassifying the board, electing three directors, advisory approval of executive compensation, eliminating supermajority voting requirements for bylaw and charter amendments, and ratifying Deloitte & Touche LLP as auditor.

• Board recommends voting in favor of all proposals.

• Shareholders may submit proposals for the 2026 annual meeting by November 28, 2025.

Board of directors and corporate governance

• Board consists of seven members, six of whom are independent; the roles of Chairman and CEO are separated.

• Board committees (Audit, Compensation, Nominating and Corporate Governance) are composed entirely of independent directors.

• Board regularly reviews its effectiveness, risk management, and governance practices, and encourages diversity of skills and experience.

• Directors are subject to a resignation policy if they receive more “withhold” than “for” votes in uncontested elections.