Helmerich & Payne Reports Officer Changes, Compensation, and Shareholder Vote
Ticker: HP · Form: 8-K · Filed: Feb 28, 2024 · CIK: 46765
| Field | Detail |
|---|---|
| Company | Helmerich & Payne, INC. (HP) |
| Form Type | 8-K |
| Filed Date | Feb 28, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $0.25, $0.17 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensatory-arrangements, 8-K
TL;DR
**H&P filed an 8-K detailing executive changes, compensation updates, and shareholder vote items.**
AI Summary
Helmerich & Payne, Inc. filed an 8-K on February 28, 2024, reporting events that occurred on February 27, 2024. The filing indicates changes in directors or certain officers, including compensatory arrangements, under Item 5.02. Additionally, it covers the submission of matters to a vote of security holders under Item 5.07.
Why It Matters
This filing signals potential shifts in Helmerich & Payne's leadership and executive compensation structure, which could influence future strategic decisions and operational performance. It also indicates that shareholders have voted or will vote on specific company matters.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation, while common, introduce uncertainty regarding future company direction and stability, warranting a medium risk assessment.
Key Players & Entities
- Helmerich & Payne, Inc. (company) — registrant
FAQ
What is the earliest event date reported in this 8-K filing?
The earliest event date reported in this 8-K filing is February 27, 2024.
Which company filed this 8-K report?
Helmerich & Payne, Inc. filed this 8-K report.
What types of events are covered under Item 5.02 in this filing?
Item 5.02 covers the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; and Compensatory Arrangements of Certain Officers.
What is the primary business address for Helmerich & Payne, Inc. as stated in the filing?
The primary business address is 1437 South Boulder Avenue, Suite 1400, Tulsa, OK 74119.
What other significant item was reported in this 8-K besides officer changes?
The filing also reported the Submission of Matters to a Vote of Security Holders under Item 5.07.
Filing Stats: 859 words · 3 min read · ~3 pages · Grade level 9.3 · Accepted 2024-02-28 16:50:14
Key Financial Figures
- $0.10 — ange on which registered Common Stock ($0.10 par value) HP NYSE Check the appropri
- $0.25 — lared a quarterly base cash dividend of $0.25 per share on the Company's common stock
- $0.17 — quarterly supplemental cash dividend of $0.17 per share on the Company's common stock
Filing Documents
- hp-20240227.htm (8-K) — 51KB
- 0000046765-24-000019.txt ( ) — 175KB
- hp-20240227.xsd (EX-101.SCH) — 2KB
- hp-20240227_lab.xml (EX-101.LAB) — 24KB
- hp-20240227_pre.xml (EX-101.PRE) — 12KB
- hp-20240227_htm.xml (XML) — 3KB
07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS At the 2024 Annual Meeting, the Company's stockholders voted on the following matters with final voting results described below. 1. The individuals listed below were elected at the 2024 Annual Meeting to serve as Directors of the Company until the Company's Annual Meeting of Stockholders in 2025. For Against Abstain Broker Non-Vote Delaney M. Bellinger 80,903,199 2,917,854 80,374 8,414,472 Belgacem Chariag 80,448,678 3,368,923 83,826 8,414,472 Kevin G. Cramton 80,578,319 3,244,232 78,876 8,414,472 Randy A. Foutch 68,632,044 15,184,240 85,143 8,414,472 Hans Helmerich 79,908,313 3,898,026 95,088 8,414,472 Elizabeth R. Killinger 82,718,498 1,102,191 80,738 8,414,472 John W. Lindsay 80,769,347 3,069,383 62,697 8,414,472 Jos R. Mas 80,448,655 3,370,359 82,413 8,414,472 Thomas A. Petrie 79,063,162 4,760,024 78,241 8,414,472 Donald F. Robillard, Jr. 79,455,789 4,365,234 80,404 8,414,472 John D. Zeglis 79,163,772 4,636,326 101,329 8,414,472 2. The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the Company's fiscal year ending September 30, 2024 was approved. For Against Abstain 89,679,285 2,537,821 98,793 3. The advisory vote on the compensation of the Company's executives named in the Proxy Statement for the 2024 Annual Meeting was approved. For Against Abstain Broker-Non-Vote 80,334,808 3,397,389 169,230 8,414,472 4. The proposal to approve the 2024 Omnibus Incentive Plan was approved. For Against Abstain Broker-Non-Vote 78,620,748 4,914,674 366,005 8,414,472
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On February 28, 2024, the Board of Directors of the Company declared a quarterly base cash dividend of $0.25 per share on the Company's common stock and a quarterly supplemental cash dividend of $0.17 per share on the Company's common stock. Both dividends are payable May 31, 2024, to stockholders of record at the close of business May 17, 2024.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number DESCRIPTION 10.1 Helmerich & Payne, Inc. 2024 Omnibus Incentive Plan (incorporated herein by reference to Exhibit 99.1 of the Company's Registration Statement on Form S-8 filed on February 28, 2024, SEC File No. 001-04221). 104 Cover page Interactive Data File - the cover page XBRL tags are embedded within the inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HELMERICH & PAYNE, INC. By: /s/ William H. Gault Name: William H. Gault Title: Date: Corporate Secretary February 28, 2024