KLX Energy Services (KLXE) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for May 6, 2026, to be held virtually, with shareholders of record as of March 17, 2026, eligible to vote on key proposals and director elections.

• Shareholders can vote online, by phone, mail, or during the virtual meeting, with detailed instructions provided for each method.

• 2025 financial results included $636.6 million in revenue, a net loss of $77.1 million, positive operating cash flow of $7.5 million, and adjusted EBITDA of $76.1 million.

• Forward-looking statements caution about risks and uncertainties, with no obligation to update projections unless required by law.

Voting matters and shareholder proposals

• Proposals include declassifying the board, electing two Class II 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 FOR all proposals and nominees.

• Shareholder proposals for the 2027 meeting must be submitted between January 6 and February 5, 2027.

Board of directors and corporate governance

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

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

• Annual board and committee self-evaluations are conducted, and a Code of Business Conduct applies to all directors, officers, and employees.

• Stock ownership guidelines and anti-hedging/pledging policies are in place for directors and executives.