Civeo Corp. Files 8-K: Material Agreement & Officer Changes

TL;DR

Civeo Corp. signed a big deal & shuffled execs, filing dropped Nov 28.

AI Summary

Civeo Corp. announced on November 25, 2025, a material definitive agreement and changes in its board and officer composition. The company also disclosed compensatory arrangements for certain officers. This filing includes financial statements and exhibits, with the report dated November 28, 2025.

Why It Matters

This 8-K filing indicates significant corporate actions, including a new material agreement and potential changes in leadership or compensation structures, which could impact the company's strategic direction and investor relations.

Risk Assessment

Risk Level: medium — Material definitive agreements and changes in officers/directors can signal significant strategic shifts or internal restructuring, warranting closer investor scrutiny.

Key Numbers

• 1-36246 — SEC File Number (Identifies the company's filing history with the SEC.)
• 98-1253716 — EIN (Employer Identification Number for tax purposes.)

Key Players & Entities

• Civeo Corp (company) — Registrant
• November 25, 2025 (date) — Date of earliest event reported
• November 28, 2025 (date) — Filing date
• Three Allen Center (location) — Company address

FAQ

Key Financial Figures

• $75,000 — vers will receive an annual retainer of $75,000 for their service on the Board and, com
• $125,000 b — nnual restricted share awards valued at $125,000 based on the closing share price of Civeo

Filing Documents

• cveo-20251125.htm (8-K) — 33KB
• civeo-cooperationagreement.htm (EX-10.1) — 120KB
• pressrelease-civeoappoints.htm (EX-99.1) — 18KB
• image_0.jpg (GRAPHIC) — 3KB
• 0001590584-25-000138.txt ( ) — 325KB
• cveo-20251125.xsd (EX-101.SCH) — 2KB
• cveo-20251125_lab.xml (EX-101.LAB) — 23KB
• cveo-20251125_pre.xml (EX-101.PRE) — 13KB
• cveo-20251125_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On November 25, 2025, Civeo Corporation ("Civeo") entered into a cooperation agreement (the "Cooperation Agreement") with Engine Capital LP and certain of its affiliates (collectively, "Engine Capital"). Pursuant to the Cooperation Agreement, Civeo agreed to appoint (i) Jeffrey B. Scofield to the Board of Directors of Civeo (the "Board") as a Class I director, with an initial term expiring at Civeo's 2027 annual general meeting of shareholders (the "2027 Annual Meeting"), and (ii) Daniel B. Silvers to the Board as a Class III director, with an initial term expiring at Civeo's 2026 annual general meeting of shareholders (the "2026 Annual Meeting"). Civeo also agreed to nominate Mr. Silvers as a director for election to the Board at the 2026 Annual Meeting, with a term expiring at the 2027 Annual Meeting. The Cooperation Agreement provides for customary director replacement procedures in the event that Mr. Silvers ceases to serve as a director under certain circumstances as specified in the Cooperation Agreement. Pursuant to the Cooperation Agreement, Civeo also agreed to appoint Mr. Scofield to the Audit Committee and the Finance and Investment Committee of the Board and Mr. Silvers to the Compensation Committee and the Environmental, Social, Governance and Nominating Committee of the Board. The Cooperation Agreement contains certain customary standstill restrictions, voting commitments, expense reimbursement and other provisions, such as a mutual non-disparagement provision, which will remain in effect until the date that is the earlier of (i) 30 days prior to the deadline for the submission of shareholder director nominations for the 2027 Annual Meeting and (ii) 120 days prior to the first anniversary of the 2026 Annual Meeting, subject to extension in the event the Company irrevocably offers to re-nominate Mr. Silvers at the 2027 Annual Meeting and Engine Capital accepts such offer (the "Termination Da

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On November 26, 2025, Civeo issued a press release announcing the appointment of Mr. Scofield and Mr. Silvers to the Board and Civeo's entry into the Cooperation Agreement. A copy of the press release is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference. The information contained in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filings made by Civeo under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description of Document 10.1 Cooperation Agreement, dated November 25, 2025 99.1 Press Release, dated November 26, 2025 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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: November 28, 2025 CIVEO CORPORATION By: /s/ E. Collin Gerry , Name: E. Collin Gerry Title: Senior Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR