Nabors Industries (NBR) Proxy Filing summary

Executive summary

• Achieved significant progress in long-term strategy despite challenging market conditions, including international expansion and technology advancements.

• Closed the acquisition of Parker Wellbore in March 2025, expanding Drilling Solutions and improving leverage metrics.

• 2024 adjusted EBITDA declined by 4% overall, but international segment EBITDA increased by over 12% and Drilling Solutions grew by 2%.

• Continued focus on debt reduction, technology deployment, and environmental improvements for 2025.

Voting matters and shareholder proposals

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

• Appointment of PricewaterhouseCoopers LLP as independent auditor for 2025 and authorization for the Audit Committee to set remuneration.

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

• Approval of Amendment No. 4 to the Amended and Restated 2016 Stock Plan, increasing shares available for equity awards.

Board of directors and corporate governance

• Board consists of seven nominees, with 86% independent and diverse in gender and ethnicity.

• Annual director elections, robust evaluation, and active shareholder engagement.

• Independent Lead Director role with defined duties and direct shareholder engagement.

• ESG Committee oversees board refreshment, diversity, and succession planning.