Drilling Tools International Holds Virtual Annual Meeting, Elects Directors, Ratifies Auditor

Key Points

• Stockholders elected seven directors to serve until the 2027 annual meeting: Curt Crofford, Jack Furst, Ira Green, Daniel Kimes, Eric Neuman, Wayne Prejean, and Jeremy Thigpen.
• Stockholders ratified Grant Thornton LLP as the company’s independent registered public accounting firm for 2026.
• The company acknowledged the December 2025 death of former chairman Thomas O. Hicks Sr. and noted that directors Dick Vermillion and Roe Patterson concluded their service at the meeting.

Drilling Tools International NASDAQ: DTI held its 2026 annual meeting of stockholders virtually on April 28, with Interim Chairman of the Board, President, and Chief Executive Officer Wayne Prejean presiding as chairperson and secretary of the meeting.

Prejean said the company hosted the meeting via a web portal to reach a greater number of stockholders, with the business portion conducted first and a question-and-answer session scheduled to follow. He noted that the meeting materials were described in the company’s notice of annual meeting and proxy statement and were accessible through links in the portal.

Board and leadership updates

Prejean introduced directors Curt Crofford, Jack Furst, Ira Green, Eric Neuman, Roe Patterson, and Dick Vermillion, along with director nominees Daniel Kimes and Jeremy Thigpen. He also introduced company officers present for the meeting, including Chief Financial Officer David Johnson, Vice President of Corporate Development Jameson Parker, and Vice President of Finance Christian Middleton.

Prejean acknowledged the passing of Thomas O. Hicks Sr., who served as chairman of the board and a director until his death in December 2025. He said the board and management were “grateful for the leadership and vision” of Hicks, describing him as instrumental in the company’s growth and its transition to a public company.

Prejean also recognized Vermillion and Patterson, who were “concluding their service on the board at the end of today’s meeting,” and thanked them for their contributions and counsel during what he called a period of significant growth and transformation.

Meeting procedures and quorum

Prejean said Natalie Hairston of American Election Services, LLC was appointed inspector of election, and Broadridge Financial Solutions served as tabulator. He stated that the board set March 3, 2026 as the record date for determining stockholders entitled to vote and that an affidavit from Broadridge attested to the mailing of proxy materials on or about March 13, 2026.

According to Prejean, the stockholder list showed 35,188,260 shares of common stock outstanding and entitled to vote as of the record date. He reported that the inspector of election confirmed the requisite number of shares were represented virtually or by proxy, allowing the company to declare a quorum.

Voting results: directors elected, auditor ratified

Stockholders voted on two proposals described in the proxy statement:

• Election of seven directors to serve until the 2027 annual meeting of stockholders: Curt Crofford, Jack Furst, Ira Green, Daniel Kimes, Eric Neuman, Wayne Prejean, and Jeremy Thigpen.
• Ratification of Grant Thornton LLP as the company’s independent registered public accounting firm for 2026.

Prejean opened the polls at 1:06 p.m. Central Time and closed them at 1:08 p.m. Central Time. He announced preliminary results showing that each of the seven director nominees was elected and that Grant Thornton LLP was ratified as the independent registered public accounting firm for 2026.

Prejean said the company expects to file a Form 8-K with final voting results within four business days and instructed that the inspector of election’s final report and certificate be included with the meeting minutes.

Q&A session concludes with no questions

Following the formal business portion of the meeting, the company opened a question-and-answer session limited to matters related to the meeting proposals. Prejean said there were no questions submitted through the web portal, and the meeting concluded shortly thereafter.

About Drilling Tools International NASDAQ: DTI

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.

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