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SEC Filings

BRISTOW GROUP INC filed this Form DEF 14A on 06/21/2018
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and Develop Our People; Renew Commercial Strategy and Operational Excellence; Improve Balance Sheet and Return on Capital; Value Added Acquisitions and Divestitures; and Execute on Bristow Transformation.
During fiscal year 2018, the Company employed the following priorities in furtherance of our STRIVE strategy: (1) maintaining safety as the Company’s first priority; (2) achieving cost efficiencies, including reducing corporate G&A expenses to approximately 12% of revenues, while also implementing lean processes and improving productivity; (3) utilizing portfolio and fleet optimization, combined with pursuing original equipment manufacturers (OEM) cost recoveries and capital expenditure reduction to improve liquidity and reduce debt; and (4) achieving revenue growth through contracts wins in our primary geographical hubs with a focus on delivering greater efficiencies to our core oil and gas clients.
Our executive compensation program for fiscal year 2018 was designed to support and reinforce our long-term strategy and our STRIVE strategy while at the same time aligning the interests of our management with those of our stockholders. Our primary compensation principle, pay for performance, supports this objective. For example, our annual incentive awards for fiscal year 2018 included key performance indicators in the areas of safety, ROIC and each of the components of our STRIVE strategy. Finally, our long-term incentives focus on delivering strong stockholder returns over time, which tie directly to our growth objective and further align the interests of our management with those of our stockholders.
Our STRIVE Strategy,
underpinned by our Core Values and guided by our Long-Term Strategy to build the New Bristow,
drives our Executive Compensation Program for Fiscal Year 2018
Our Long-Term Strategy
Our STRIVE Strategy
Our Executive Compensation Program for Fiscal Year 2018
The New Bristow
•    Generate cost efficiencies
•    Diversify for growth and stability
•    Innovate throughout the business

The New Bristow is on a journey from survivability in fiscal year 2018 to sustainability and profitability over the next several years.

The New Bristow provides area managers more commercial and operational control, speeding up decision-making and lowering costs.
•    Sustain Target Zero Safety
•    Training and Development
•    Renew Commercial
Strategy and Operational
•    Improve Balance Sheet
and Return on Capital
•    Value Added Acquisitions
and Divestitures
•    Execute on Bristow

•    Safety performance is a key measure in both the safety component and the individual STRIVE performance component of our annual incentive cash compensation plan.
•    ROIC measures profitable growth and operational excellence.
•    Individual STRIVE performance component of our annual incentive cash compensation plan is determined with rigor and objectivity based on specific Company and individual key performance indicators set at the beginning of the fiscal year.
•    Long-term incentive compensation is the largest single component of our executives’ compensation – emphasizing focus on delivering profitable growth through strong stockholder returns over time.
Our Core Values: Safety, Teamwork, Integrity, Quality & Excellence, Fulfillment and Profitability govern and underpin all we do.
Through our annual and long-term incentives, the Compensation Committee seeks to incentivize prudent financial growth and strong individual performance in the areas of value realization to our clients, a strong sense of commitment and ownership in our people, and continuous improvement in the safe execution of our operations.
Key Characteristics of Our Executive Compensation Program Aligned with Stockholder Interests and Input
We design our executive compensation program to be performance driven, competitive with the market and responsibly governed to mitigate excessive risk-taking. We continually challenge ourselves to ensure that our executive compensation program provides meaningful incentives and benefits that are consistent with sound governance principles and market conditions while at the same time aligning the interests of our management and stockholders.

BRISTOW GROUP INC.2018 Proxy Statement – 27