Willbros Group Inc. (NYSE: WG) has re-elected Michael C. Lebens and Phil D. Wedemeyer as Class I directors to its board.
Willbros also announced that stockholders approved Proposal Two authorizing an increase in the number of authorized shares of the company's common stock from 70,000,000 shares to 105,000,000 shares. Proposal Three, the Advisory vote on Named Executive Compensation ("Say on Pay"), after failing to pass in 2014, garnered nearly 70% of the votes cast. Stockholders also ratified Proposal Four, the re-appointment of PricewaterhouseCoopers LLP as the company's independent auditor for 2015.
Proposal Five, an advisory vote on a stockholder proposal recommending the elimination of the company's classified board of directors and that all directors be elected on an annual basis, also was approved by stockholders.