Transocean's Definitive Proxy – The $10m Dollar Footnote

Transocean’s Definitive Proxy – The $10m Dollar Footnote by Footnoted

Over the years, we’ve come across a lot of interesting footnotes. So many, in fact, that those warnings made over the years about running out of material in SEC filings seem almost laughable.

Whether it’s a map collection or a fishing lodge or a high school kid taking the corporate jet to class, it seems pretty unlikely that we’ll ever run out of crazy disclosures in SEC filings. And yet, a recent disclosure in Transocean’s filings seems to have raised the bar.

We first caught the disclosure in the preliminary proxy that the company filed on March 8 and shared it with our Pro subscribers. But this...