Form 8-K · Current Report · Filed 2026-05-19
Transocean Enters Support Agreement for Board Nomination
On May 19, 2026, Transocean Ltd. entered into a support agreement with Famatown Finance Limited and Kristian Johansen, which grants Famatown the right to nominate Johansen for Transocean's board, contingent on the acquisition of Valaris and shareholder approval. The agreement includes provisions for the nomination of a replacement director if Johansen is not elected and sets conditions for the agreement's termination.
- Filer
- Transocean Ltd. RIG · NYSE
- Filed
- Accession
- 0001104659-26-063883
- CIK
- 0001451505
- Signal
- Medium impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$7.58
Next session
-3.2%
Since filing
-22.8%
Latest close
$5.85
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from RIG reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, RIG insiders reported 1 Form 4 transaction — net buying of $173K.
About Transocean Ltd.
Transocean Ltd. is a leading offshore drilling contractor known for providing services in the exploration and production of oil and natural gas. Its primary function is to offer extensive deepwater and ultra-deepwater drilling capabilities to major oil companies worldwide. Operating one of the most advanced fleets in the industry, Transocean owns and manages a range of drilling rigs, with capabilities to work in harsh environmental conditions and at extreme water depths, showcasing its technological prowess. The company significantly impacts the energy sector, supporting the search for hydrocarbon resources in offshore locations globally. Headquartered in Switzerland, Transocean is a pivotal player in satisfying the global demand for fossil fuels, influencing energy supply chains and economic activities linked to oil markets. Its advanced technological solutions cater to an industry where safety, efficiency, and environmental considerations are paramount, thereby securing its position as a crucial partner for global energy companies.
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