form8k-20110506.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 6, 2011

OCCIDENTAL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
1-9210
95-4035997
(State or other jurisdiction
(Commission
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)

10889 Wilshire Boulevard
    
Los Angeles, California
  
90024
(Address of principal executive offices)
  
(ZIP code)

Registrant’s telephone number, including area code:
(310) 208-8800

 
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

[   ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
 

Section 5 – Corporate Governance and Management

Item 5.07.  Submission of Matters to a Vote of Security Holders

(a)
Occidental’s 2011 Annual Meeting of Stockholders (the “Annual Meeting”) was held on May 6, 2011.
                   
(b)
The following actions were taken at the Annual Meeting, for which proxies were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended, and the number of votes cast for, against or withheld, and broker non-votes for each matter are set forth below:
                   
1.
The thirteen nominees proposed by the Board of Directors were elected as directors by the following votes:
                   
 
Nominee
  
For
  
Against
  
Abstain
  
Broker Non-Votes
 
Spencer Abraham
  
631,144,331
    
17,630,663
    
2,954,903
    
50,459,994
  
 
Howard I. Atkins
  
647,345,242
    
1,700,127
    
2,684,528
    
50,459,994
  
 
Stephen I. Chazen
  
645,115,628
    
5,926,965
    
687,304
    
50,459,994
  
 
Edward P. Djerejian
  
521,261,633
    
129,269,608
    
1,198,656
    
50,459,994
  
 
John E. Feick
  
642,061,500
    
6,583,124
    
3,085,273
    
50,459,994
  
 
Margaret M. Foran
  
647,421,811
    
1,641,212
    
2,666,873
    
50,459,994
  
 
Carlos M. Gutierrez
  
649,162,615
    
1,891,691
    
675,591
    
50,459,994
  
 
Ray R. Irani
  
533,658,477
    
115,088,896
    
2,982,523
    
50,459,994
  
 
Avedick B. Poladian
  
633,373,956
    
17,620,361
    
735,580
    
50,459,994
  
 
Rodolfo Segovia
  
519,149,074
    
131,290,331
    
1,290,492
    
50,459,994
  
 
Aziz D. Syriani
  
534,665,363
    
113,954,299
    
3,110,235
    
50,459,994
  
 
Rosemary Tomich
  
520,955,742
    
129,598,122
    
1,176,032
    
50,459,994
  
 
Walter L. Weisman
  
535,277,919
    
115,220,429
    
1,231,549
    
50,459,994
  
                           
2.
The ratification of the selection of KPMG as independent auditors was approved.  The proposal received  695,407,125 votes for; 5,518,982 votes against; and 1,263,782 abstentions.
3.
The advisory vote approving executive compensation was  approved.  The proposal received 588,717,807 votes for; 55,791,121 votes against; 7,220,969 abstentions and 50,459,994 broker non-votes.
4.
The result of the advisory vote on the frequency of the advisory vote on executive compensation was as follows:  491,421,103 votes for 1 year; 22,539,753 votes for 2 years; 94,435,220 votes for 3 years; 43,333,821 abstentions; and 50,459,994 broker non-votes.
5.
The stockholder proposal regarding a report on political expenditures and spending processes was not approved.  The proposal received 158,149,339 votes for; 358,539,499 votes against; 135,041,059 abstentions; and 50,459,994 broker non-votes.
6.
The stockholder proposal regarding the required nomination of director with environmental expertise was not approved.  The proposal received 29,621,867 votes for; 533,718,119 votes against; 88,389,911 abstentions; and 50,459,994 broker non-votes.
                           
(d)
Disclosure regarding Frequency of Stockholder Advisory Vote on Executive Compensation:
                           
A majority of the votes cast by stockholders voted, on an advisory basis, to hold an advisory vote to approve executive compensation every year.  In accordance with the disclosures made in the company’s public filings, a stockholder advisory vote on executive compensation will be presented annually until another vote on frequency by the stockholders occurs, which will be no later than the Annual Meeting of Stockholders in 2017.
 
 
 
 
 
 
SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
OCCIDENTAL PETROLEUM CORPORATION
  
 
(Registrant)
  
     
     
DATE:  May 10, 2011
/s/ DONALD P. DE BRIER
  
 
Donald P. de Brier, Executive Vice President,
  
 
General Counsel and Secretary