Baker Hughes 2009 Annual Report Download - page 10

PROXY STATEMENT
TABLE OF CONTENTS
Proxy Statement.....................................................................................................................................................................1
Voting Securities ....................................................................................................................................................................2
Proposal No. 1 Election of Directors .......................................................................................................................................3
Corporate Governance ..........................................................................................................................................................7
Security Ownership of Management ....................................................................................................................................11
Charitable Contributions ......................................................................................................................................................12
Section 16(a) Beneficial Ownership Reporting Compliance ...................................................................................................12
Certain Relationships and Related Transactions ....................................................................................................................12
Compensation Discussion and Analysis ................................................................................................................................12
Executive Compensation ......................................................................................................................................................27
Summary Compensation ................................................................................................................................................27
Grants Of Plan-Based Awards ........................................................................................................................................28
Outstanding Equity Awards At Fiscal Year-End ...............................................................................................................29
Option Exercises And Stock Vested ................................................................................................................................30
Pension Benefits ............................................................................................................................................................30
Nonqualified Deferred Compensation ............................................................................................................................31
Potential Payments Upon Termination or Change in Control ..........................................................................................31
Director Compensation ........................................................................................................................................................43
Compensation Committee Report ........................................................................................................................................44
Compensation Committee Interlocks and Insider Participation .............................................................................................44
Audit/Ethics Committee Report ............................................................................................................................................44
Proposal No. 2 Ratification of the Company’s Independent Registered Public Accounting Firm ............................................45
Fees Paid to Deloitte & Touche LLP .......................................................................................................................................45
Proposal No. 3, Management Proposal No. 1 regarding the Approval of an Amendment to our
Certificate of Incorporation that would, subject to any limitations that may be imposed in
the Bylaws, require our Corporate Secretary to Call Special Stockholder Meetings following
a Request from the Holders of 25% of our Voting Stock. ..............................................................................................46
Proposal No. 4, Stockholder Proposal No. 1 Regarding Majority Vote Standard For Director Elections ..................................47
Annual Report .....................................................................................................................................................................48
Incorporation by Reference ..................................................................................................................................................48
Stockholder Proposals ..........................................................................................................................................................48
Other Matters ......................................................................................................................................................................48
Annex A – Certificate of Amendment of Restated Certificate of Incorporation ....................................................................49
Annex B – Baker Hughes Incorporated Corporate Governance Guidelines ...........................................................................49
Annex C – Charter of the Audit/Ethics Committee of the Board of Directors .......................................................................59