Baker Hughes 2004 Annual Report Download - page 17
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Please find page 17 of the 2004 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.PROXYSTATEMENT
ThisProxyStatementisfurnishedinconnectionwith
thesolicitationofproxiesbytheBoardofDirectorsofBaker
HughesIncorporated,aDelawarecorporation(“Company,”
“BakerHughes,”“we,”“us”and“our”),tobevotedat
theAnnualMeetingofStockholdersscheduledtobeheld
onThursday,April28,2005andatanyandallreconvened
meetingsafteradjournmentsthereof.
Solicitationofproxiesbymailisexpectedtocommence
onoraboutMarch14,2005(theapproximatedatethisProxy
Statementandaccompanyingproxywerefirstsenttosecurity
holders).TheCompanywillbearthecostofthesolicitation.In
additiontosolicitationbymail,certainofthedirectors,officers
andregularemployeesoftheCompanymay,withoutextra
compensation,solicitproxiesbytelephone,facsimileandper-
sonalinterview.TheCompanywillmakearrangementswith
brokeragehouses,custodians,nomineesandotherfiduciaries
tosendproxymaterialtotheirprincipals,andtheCompany
willreimbursethemforpostageandclericalexpenses.The
CompanyhasretainedMellonInvestorServicesLLC,Baker
Hughes’transferagentandregistrar,toassistinthesolicita-
tionofproxiesfromstockholdersoftheCompanyforanantic-
ipatedfeeof$9,500,plusout-of-pocketexpenses.
Stockholderswithsharesregisteredintheirnameswith
MellonInvestorServicesLLCmayauthorizeaproxybythe
InternetatthefollowingInternetaddress:http://www.eproxy.
com/bhi,ortelephonicallybycallingMellonInvestorServices
LLCat1-800-435-6710.ProxiessubmittedthroughMellon
InvestorServicesLLCbytheInternetortelephonemustbe
receivedby11:59p.m.Easterntime(10:59p.m.Centraltime)
onApril27,2005.Thegivingofaproxywillnotaffectyour
righttovoteinpersonifyoudecidetoattendthemeeting.
Anumberofbanksandbrokeragefirmsparticipateina
programthatalsopermitsstockholderstodirecttheirvote
bytheInternetortelephone.Thisoptionisseparatefrom
thatofferedbyMellonInvestorServicesLLCandwillbe
reflectedonthevotingformfromabankorbrokeragefirm
thataccompaniesthisProxyStatement.Ifyoursharesareheld
inanaccountatabankorbrokeragefirmthatparticipatesin
suchaprogram,youmaydirectthevoteofthesesharesby
theInternetortelephonebyfollowingtheinstructionson
thevotingformenclosedwiththeproxyfromthebankor
brokeragefirm.VotesdirectedbytheInternetortelephone
throughsuchaprogrammustbereceivedbyMellonInvestor
ServicesLLCby11:59p.m.Easterntime(10:59p.m.Central
time)onApril27,2005.Directingthevotingofyourshares
willnotaffectyourrighttovoteinpersonifyoudecideto
attendthemeeting;however,youmustfirstrequestaproxy
eitherontheInternetorthevotingformthataccompanies
thisProxyStatement.Requestingaproxypriortothedeadlines
describedabovewillautomaticallycancelanyvotingdirections
youhavepreviouslygivenbytheInternetorbytelephonewith
respecttoyourshares.
TheInternetandtelephoneproxyproceduresaredesigned
toauthenticatestockholders’identities,toallowstockholders
togivetheirproxyinstructionsandtoconfirmthatthose
instructionshavebeenproperlyrecorded.Stockholdersautho-
rizingproxiesordirectingthevotingofsharesbytheInternet
shouldunderstandthattheremaybecostsassociatedwith
electronicaccess,suchasusagechargesfromaccessproviders
andtelephonecompanies,andthosecostsmustbeborneby
thestockholder.
Sharesforwhichproxieshavebeenexecutedwill
bevotedasspecifiedintheproxies.Ifnospecification
ismade,theshareswillbevotedFORtheelectionof
nomineeslistedhereinasdirectors,FORratificationof
Deloitte&ToucheLLPastheCompany’sIndependent
Auditorforfiscalyear2005,FORamendmenttothe
Company’sRestatedCertificateofIncorporationto
declassifytheBoardofDirectorsandprovideforthe
annualelectionofalldirectorsandAGAINSTStockholder
ProposalNo.1.
Proxiesmayberevokedatanytimepriortotheexercise
thereofbyfilingwiththeCorporateSecretary,attheCompa-
ny’sexecutiveoffices,awrittenrevocationoradulyexecuted
proxybearingalaterdate.TheexecutiveofficesoftheCom-
panyarelocatedat3900EssexLane,Houston,Texas77027-
5177.ForaperiodofatleasttendayspriortotheAnnual
MeetingofStockholders,acompletelistofstockholdersenti-
tledtovoteattheAnnualMeetingwillbeavailableforinspec-
tionduringordinarybusinesshoursattheCompany’sexecutive
officesbystockholdersofrecordforproperpurposes.
ProxyStatement1