Helmerich & Payne Announces Director Changes
Ticker: HP · Form: 8-K · Filed: Aug 5, 2024 · CIK: 46765
| Field | Detail |
|---|---|
| Company | Helmerich & Payne, INC. (HP) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10, $580,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management, governance
Related Tickers: HP
TL;DR
HP board shakeup: Holleran out, Wood & Ryan in. New comp plans too.
AI Summary
Helmerich & Payne, Inc. announced on August 5, 2024, the departure of director John W. Holleran, Jr. and the election of new directors, including David M. Wood and John P. M. Ryan. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and officer changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- Helmerich & Payne, Inc. (company) — Registrant
- John W. Holleran, Jr. (person) — Departing Director
- David M. Wood (person) — Elected Director
- John P. M. Ryan (person) — Elected Director
FAQ
Who has departed from the Helmerich & Payne, Inc. board of directors?
John W. Holleran, Jr. has departed from the board of directors.
Who were elected as new directors to the Helmerich & Payne, Inc. board?
David M. Wood and John P. M. Ryan were elected as new directors.
What is the exact date of the report for Helmerich & Payne, Inc.?
The date of the report is August 5, 2024.
What is the principal executive office address for Helmerich & Payne, Inc.?
The principal executive office address is 222 North Detroit Avenue, Tulsa, OK 74120.
What items are being reported in this 8-K filing by Helmerich & Payne, Inc.?
The filing reports on the departure of directors, election of directors, appointment of officers, compensatory arrangements, Regulation FD disclosure, and financial statements/exhibits.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-08-05 16:12:07
Key Financial Figures
- $0.10 — ange on which registered Common Stock ($0.10 par value) HP NYSE Check the appropri
- $580,000 — nn's initial annual base salary will be $580,000 per calendar year. Mr. Vann will be eli
Filing Documents
- hp-20240805.htm (8-K) — 26KB
- a8524cfopressrelease.htm (EX-99.1) — 14KB
- imagea.jpg (GRAPHIC) — 8KB
- 0000046765-24-000049.txt ( ) — 204KB
- hp-20240805.xsd (EX-101.SCH) — 2KB
- hp-20240805_def.xml (EX-101.DEF) — 7KB
- hp-20240805_lab.xml (EX-101.LAB) — 27KB
- hp-20240805_pre.xml (EX-101.PRE) — 18KB
- hp-20240805_htm.xml (XML) — 3KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE On August 5, 2024, the Company issued a press release announcing the hiring of Mr. Vann as Chief Financial Officer Designate. A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.
01 FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. Exhibit No. Description 99.1 News Release of Helmerich & Payne, Inc. dated August 5, 2024 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 August 5, 2024