Helix Energy Solutions Reports Shareholder Approval to Merge with Hornbeck

What Happened

• On August 31, 2026 Helix Energy Solutions Group, Inc. held a special meeting and shareholders approved the plan of conversion to Delaware and other charter and merger-related proposals to proceed with the two-step merger with Hornbeck Offshore Services. At the record date (July 27, 2026) there were 147,382,447 shares of Helix common stock outstanding. Helix and Hornbeck also issued a joint press release announcing the Special Meeting results (furnished as Exhibit 99.1).

Key Details

• Record date and outstanding shares: 147,382,447 shares as of July 27, 2026.
• Plan of Conversion approved: 126,208,465 votes For; 1,111,078 Against; 189,664 Abstentions.
• Issuance of Helix Delaware common stock (to comply with NYSE rules) approved: 126,692,154 For; 644,096 Against; 172,957 Abstentions.
• Corporate Opportunities provision rejected: 57,242,463 For; 69,985,545 Against; 281,199 Abstentions.

Why It Matters

• The shareholder approvals move forward the planned merger transaction with Hornbeck and Helix’s conversion to a Delaware corporation, which are material corporate-structure and governance changes that will affect the combined company’s legal framework and listing compliance.
• Approvals of Jones Act compliance and director/officer citizenship provisions indicate shareholder support for governance measures tied to maritime and regulatory requirements; the rejection of the corporate-opportunities provision means certain proposed limitations on corporate opportunities were not adopted.
• For investors, these outcomes reduce regulatory and organizational uncertainty around the merger closing but do not provide financial results—watch future filings for closing terms, timing, and any updated financial guidance.