SOURCE: Pride International

Pride International

May 20, 2010 17:10 ET

Pride International, Inc. Stockholders Approve All Proposals at Annual Meeting

HOUSTON, TX--(Marketwire - May 20, 2010) -  At its annual meeting held today, stockholders of Pride International, Inc. (NYSE: PDE) approved the re-election of David A. B. Brown, Kenneth M. Burke, Archie W. Dunham, David A. Hager, Francis S. Kalman, Ralph D. McBride, Robert G. Phillips and Louis A. Raspino to serve on the company's Board of Directors for a term of one year.

In addition, stockholders approved an amendment to the company's Employee Stock Purchase Plan, approved the company's Amended and Restated 2007 Long-Term Incentive Plan and ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for 2010.

Pride International, Inc., headquartered in Houston, Texas, operates a fleet of 24 rigs, including three deepwater drillships, 12 semisubmersible rigs, seven independent leg jackups, and two managed deepwater rigs. The company also has three ultra-deepwater drillships under construction. The company's floating rig fleet operates primarily offshore Brazil and West Africa, and in 2010, will expand into the U.S. Gulf of Mexico deepwater region, led by the Deep Ocean Ascension.

The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.