Drilling Tools International Corp 8-K

What Happened

• Drilling Tools International Corporation (DTI) filed an 8‑K reporting the results of its 2026 Annual Meeting held April 28, 2026. Shareholders present or by proxy represented 18,789,793 shares, or approximately 53.39% of the 35,188,260 outstanding shares entitled to vote.
• Ira H. Green, Jr., Daniel J. Kimes and Jeremy D. Thigpen were elected as directors, and R. Wayne Prejean, Curtis L. Crofford, John D. “Jack” Furst and Eric C. Neuman were reelected, each to hold office until the 2027 annual meeting. R. Wayne Prejean, already President and Chief Executive Officer, commenced service as Chairman of the Board effective at the conclusion of the meeting. John D. “Jack” Furst commenced service as Lead Independent Director.
• As of April 28, 2026, Thomas M. “Roe” Patterson and C. Richard Vermillion ceased serving as directors; both had informed the Board they would not seek reelection and their departures were not due to any disagreement with the Company. The proxy statement filed March 13, 2026 is incorporated by reference for director disclosures.

Key Details

• Shares voting at the meeting: 18,789,793 (≈53.39% of 35,188,260 outstanding).
• Director vote totals (selected examples): Ira H. Green, Jr. — 8,943,855 FOR; R. Wayne Prejean — 8,527,434 FOR; Jeremy D. Thigpen — 8,944,277 FOR. Broker non‑votes for each nominee: 7,393,769.
• Auditor ratification: Grant Thornton LLP was ratified as DTI’s independent registered public accounting firm for fiscal 2026 — FOR: 18,776,126; AGAINST: 12,368; ABSTAIN: 1,299.
• Prejean will serve simultaneously as Chairman, President and CEO; Furst will serve as Lead Independent Director.

Why It Matters

• The meeting confirms management and board composition for fiscal 2026, including the consolidation of the Chairman role with the CEO (R. Wayne Prejean) and the appointment of a Lead Independent Director (John D. Furst). These are material governance facts investors use to assess leadership and oversight.
• Ratification of Grant Thornton LLP as auditor provides continuity in external financial oversight for the coming fiscal year.
• Voting participation and the tabulated results show shareholder approval of the slate and auditor ratification, establishing the board and auditor for the 2026 term without reported disputes.