Civeo Corp Director Resigns
Ticker: CVEO · Form: 8-K · Filed: Mar 7, 2024 · CIK: 1590584
| Field | Detail |
|---|---|
| Company | Civeo Corp (CVEO) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $223,000, $365,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, governance
TL;DR
Civeo director McTaggart out as of March 2nd.
AI Summary
Civeo Corp announced on March 2, 2024, a change in its board of directors. Specifically, Michael J. McTaggart resigned from his position as a director, effective March 2, 2024. The company has not yet appointed a replacement director.
Why It Matters
The departure of a board member can signal shifts in company strategy or governance, potentially impacting investor confidence.
Risk Assessment
Risk Level: low — A single director resignation without further context is typically a low-risk event.
Key Players & Entities
- Civeo Corp (company) — Registrant
- Michael J. McTaggart (person) — Resigning Director
- March 2, 2024 (date) — Effective date of resignation
FAQ
Who is Civeo Corp?
Civeo Corp is a company incorporated in British Columbia, Canada, operating in the lodging places industry, with its principal executive offices in Houston, Texas.
What is the filing date of this report?
This Form 8-K was filed on March 7, 2024.
What event is reported in this 8-K?
The report details the departure of a director, Michael J. McTaggart, from Civeo Corp's board.
When was Michael J. McTaggart's resignation effective?
Michael J. McTaggart's resignation was effective as of March 2, 2024.
Has Civeo Corp appointed a replacement director?
The filing does not state that a replacement director has been appointed.
Filing Stats: 605 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-03-07 17:18:23
Key Financial Figures
- $223,000 — ive an increase in his base salary from $223,000 to $365,000 and an increase in his Annu
- $365,000 — ase in his base salary from $223,000 to $365,000 and an increase in his Annual Incentive
Filing Documents
- cveo-20240302.htm (8-K) — 24KB
- 0001590584-24-000048.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 7, 2024 CIVEO CORPORATION By: /s/ Bradley Dodson , Name: Bradley Dodson Title: President and Chief Executive Officer