Civeo Corp Amends Filing, Elects New Directors
Ticker: CVEO · Form: 8-K/A · Filed: Mar 13, 2024 · CIK: 1590584
| Field | Detail |
|---|---|
| Company | Civeo Corp (CVEO) |
| Form Type | 8-K/A |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $690,467.32, $20,000, $423,650 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, amendment, executive-compensation
TL;DR
Board shakeup at Civeo: new directors in, old one out, compensation changes filed.
AI Summary
Civeo Corp filed an 8-K/A on March 13, 2024, to amend a previous filing. The amendment pertains to the departure of director Bradley J. R. Smith and the election of new directors, including Michael T. McMillen and David J. Miller, effective March 2, 2024. Additionally, the filing details compensatory arrangements for certain officers.
Why It Matters
This amendment signals a shift in Civeo Corp's board composition, which could influence future strategic decisions and corporate governance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may impact the company's future performance.
Key Players & Entities
- Civeo Corp (company) — Registrant
- Bradley J. R. Smith (person) — Departing Director
- Michael T. McMillen (person) — Newly Elected Director
- David J. Miller (person) — Newly Elected Director
- March 2, 2024 (date) — Effective date of director changes
- March 13, 2024 (date) — Filing date of the 8-K/A
FAQ
Who has departed from Civeo Corp's board of directors?
Bradley J. R. Smith has departed from Civeo Corp's board of directors.
Who are the newly elected directors at Civeo Corp?
Michael T. McMillen and David J. Miller have been elected as new directors.
What is the effective date for the changes in Civeo Corp's board?
The changes in the board of directors are effective as of March 2, 2024.
What type of filing is this for Civeo Corp?
This is a Form 8-K/A, an amendment to a current report.
What other information is covered in this amended filing besides director changes?
The filing also covers compensatory arrangements of certain officers.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-03-13 16:07:13
Key Financial Figures
- $690,467.32 — i) a lump sum cash severance payment of $690,467.32; (ii) reimbursement of the difference b
- $20,000 — ices at an aggregate cost not to exceed $20,000; and (iv) a supplemental lump sum cash
- $423,650 — a supplemental lump sum cash payment of $423,650, in recognition of the value of certain
Filing Documents
- cveo-20240302.htm (8-K/A) — 24KB
- 0001590584-24-000051.txt ( ) — 151KB
- cveo-20240302.xsd (EX-101.SCH) — 2KB
- cveo-20240302_lab.xml (EX-101.LAB) — 23KB
- cveo-20240302_pre.xml (EX-101.PRE) — 13KB
- cveo-20240302_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 13, 2024 CIVEO CORPORATION By: /s/ Bradley Dodson , Name: Bradley Dodson Title: President and Chief Executive Officer