{"url_path":"/sec/bkr/8-k/2026-05-19/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1701605/0001193125-26-231070-index.html","accession_number":"0001193125-26-231070","cik":"0001701605","ticker":"BKR","issuer_name":"Baker Hughes Co","edgar_url":"https://www.sec.gov/Archives/edgar/data/1701605/0001193125-26-231070-index.html","primary_entity_key":"0001701605","primary_entity_name":"Baker Hughes Co"},"word_count":327,"has_tables":true,"body_markdown":"Item 5.02\n\nDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nAs described in Item 5.07 below, at the 2026 Annual Meeting of Stockholders (the “Annual Meeting”) of Baker Hughes Company (the “Company”) held on May 19, 2026, the Company’s stockholders voted to approve both the Baker Hughes Company 2026 Long-Term Incentive Plan (the “2026 LTIP”) and the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan (the “ESPP”), in order to, among other things, enable the Company to continue to attract and retain employees and non-employee directors by providing stock-based and cash-based incentive compensation, promote a pay-for-performance linkage, align the interests of participants with those of the Company’s stockholders, and encourage proprietary interests in the Company by enabling employees to acquire Company shares. The 2026 LTIP provides for a share reserve of 9,500,000 new shares of Class A common stock (the “Common Stock”), plus the number of shares that remained available for future awards under the Baker Hughes Company 2021 Long-Term Incentive Plan as of March 16, 2026, less one share for every one share granted thereunder after such date. The ESPP, as amended and restated, increases the number of shares of Common Stock available for issuance under the ESPP by 9,500,000 shares, for an aggregate of 14,408,532 shares reserved for issuance thereunder.\n\nSummaries of the 2026 LTIP and the ESPP are set forth in Proposal 4 and Proposal 5, respectively, to the Company’s definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission (the “Commission”) on March 30, 2026, which summaries are incorporated by reference herein. The above summaries and description of the 2026 LTIP and ESPP do not purport to be complete and are qualified in their entirety by reference to the 2026 LTIP and ESPP, which are included as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference."}