McDermott Announces Results of Stockholders’ Meeting

  McDermott Announces Results of Stockholders’ Meeting

Business Wire

HOUSTON -- May 6, 2014

McDermott International, Inc. (NYSE: MDR) (“McDermott” or the “Company”)
announced today the results of its 2014 Annual Meeting of Stockholders, held
Tuesday morning, May 6, 2014 in Houston, Texas.

Based on the voting results from the meeting, shareholders re-elected Messrs.
John F. Bookout, III, Roger A. Brown, Stephen G. Hanks, William H. Schumann,
III and David A. Trice and Ms. Mary L. Shafer-Malicki, and elected Messrs.
David Dickson and Gary P. Luquette, to McDermott’s Board of Directors, all for
one-year terms.

In addition, shareholders approved, on an advisory basis, the Company’s named
executive officer compensation, approved the Company’s 2014 Long-Term
Incentive Plan and ratified the appointment of Deloitte & Touche LLP as the
Company’s independent registered public accounting firm for the year ending
December 31, 2014.

OTHER INFORMATION

About the Company

McDermott is a leading provider of integrated engineering, procurement,
construction and installation (EPCI) services for upstream field developments
worldwide. McDermott delivers fixed and floating production facilities,
pipelines and subsea systems from concept to commissioning for complex
Offshore and Subsea oil and gas projects to help oil companies safely produce
and transport hydrocarbons. Operating in more than 20 countries across the
world, McDermott’s locally focused and globally integrated resources include
approximately 14,000 employees, a diversified fleet of specialty marine
construction vessels, fabrication facilities and engineering offices.

To learn more, please visit our website at www.mcdermott.com

Contact:

McDermott International, Inc.
Investors, Analysts and Financial Media:
Steve Oldham, +1-281-870-5147
soldham@mcdermott.com
 
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