SBM Offshore releases audited full-year earnings results and unaudited half-year earnings results, which both include full financials, within sixty days of the close of the reported period. For the first and third quarters, SBM Offshore publishes a trading update, which includes important Company news and financial highlights. The Company conducts a conference call for all earnings releases and trading updates during which the Management team presents the results and answers questions. All earnings related information, including press releases, presentations, and conference call details are available on the Company’s website. Please see Section 5.5 for important upcoming dates in 2016.
In addition to financial updates, the Company hosts an in-person Annual General Meeting of Shareholders (‘AGM’), generally in April each year. An agenda for the meeting is published six weeks ahead of the AGM and shareholders are asked to vote directly or by proxy on resolutions contained in the agenda. During this meeting, the Management Board, Supervisory Board and its committees all make reports of the preceding financial year. Agenda items usually include remuneration, annual accounts, corporate governance, dividends, changes to the Management Board or Supervisory Board and any other items which statutorily require shareholder approval. The AGM also offers shareholders a forum for questions and communication, which the Management Board and Supervisory Board view as an indispensable opportunity to foster an open dialogue on the direction and performance of the Company. Information related to past and future AGMs, including notices, resolutions, agendas, and minutes, are available on the Company’s website.
From time to time, the Company may determine that an Extraordinary General Meeting of Shareholders (‘EGM’) is required to vote on a resolution which is too time sensitive to wait for the next AGM. Shareholders will receive notice and an agenda for the EGM in the same manner in which they are received for the AGM and all information will available on the Company’s website. During 2015, an EGM was held on November 4 at which Mr. B.Y.R. Chabas was reappointed as a member of the Management Board for a second term of four years up to the Annual General Meeting of Shareholders in 2020. Mr. Chabas has been designated by the Supervisory Board to continue his role as Chief Executive Officer of the Company.