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If you are a current long-term stockholder of shares of Helmerich & Payne, Inc. (NYSE:HP), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
Jan. 29, 2013 (Shareholders Foundation) -- An investigation on behalf of current long-term stockholders of shares Helmerich & Payne, Inc. (NYSE:HP) was announced concerning whether certain Helmerich & Payne officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns whether certain Helmerich & Payne officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders approval for the compensation of executives.
In the Proxy Statement filed by Helmerich & Payne, Inc. with the Securities and Exchange Commission the Board of Directors recommends that Helmerich & Paynes shareholders vote to approve the compensation of Company executives disclosed in the proxy statement.
Helmerich & Payne, Inc. (NYSE:HP) reported that its Total Revenue rose from over $1.87 billion for the 12 months period that ended on Sept. 30, 2010 to over $3.15 billion for the 12 months period that ended on Sept. 30, 2012 and that its Net Income for the respective time periods increased from $156.31 million to $581.04 million.
Shares of Helmerich & Payne, Inc. (NYSE:HP) grew from as low as $20.30 in March 2009 to as high as $72.56 per share in July 2011.
On January 24, 2013, NYSE:HP shares closed at $61.93 per share.
