Helmerich & Payne Announces Executive Changes and Director Election
Ticker: HP · Form: 8-K · Filed: Sep 29, 2025 · CIK: 46765
Sentiment: neutral
Topics: executive-changes, board-of-directors, officer-appointments
Related Tickers: HP
TL;DR
HP announces new execs and a director, watch for strategy shifts.
AI Summary
Helmerich & Payne, Inc. announced on September 23, 2025, a series of executive changes. These include the departure of Director John W. Holleran, the election of new Director David M. Wood, and the appointment of new officers, including Michael J. Willis as Senior Vice President, Operations, and John R. Gremillion as Vice President, Controller. The company also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in key leadership roles and director appointments can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and director changes, while common, can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Helmerich & Payne, Inc. (company) — Registrant
- John W. Holleran (person) — Departing Director
- David M. Wood (person) — Newly Elected Director
- Michael J. Willis (person) — Appointed Senior Vice President, Operations
- John R. Gremillion (person) — Appointed Vice President, Controller
FAQ
Who has departed from the board of directors?
John W. Holleran has departed from the board of directors.
Who has been elected as a new director?
David M. Wood has been elected as a new director.
What is the effective date of the reported events?
The earliest event reported is dated September 23, 2025.
What are the new officer appointments?
Michael J. Willis has been appointed Senior Vice President, Operations, and John R. Gremillion has been appointed Vice President, Controller.
What is the company's principal executive office address?
The principal executive offices are located at 222 North Detroit Avenue, Tulsa, OK 74120.
Filing Stats: 851 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2025-09-29 16:08:50
Key Financial Figures
- $0.10 — ange on which registered Common Stock ($0.10 par value) HP NYSE Check the appropri
- $660,000 — annual base salary will be increased to $660,000, effective October 1, 2025. Mr. Adams w
- $560,000 — nual base salaries will be increased to $560,000, effective October 1, 2025. In addition
- $1 million — ber 1, 2025, with a grant date value of $1 million. Such awards will vest in full on the t
Filing Documents
- hp-20250923.htm (8-K) — 27KB
- a20250929leadershiprelease.htm (EX-99.1) — 12KB
- image.jpg (GRAPHIC) — 8KB
- 0000046765-25-000059.txt ( ) — 168KB
- hp-20250923.xsd (EX-101.SCH) — 2KB
- hp-20250923_lab.xml (EX-101.LAB) — 21KB
- hp-20250923_pre.xml (EX-101.PRE) — 12KB
- hp-20250923_htm.xml (XML) — 3KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE On September 29, 2025, the Company issued a press release announcing Mr. Adams' appointment to President and other leadership changes. 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 to be "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, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall 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 99.1 Helmerich & Payne, Inc. earnings release dated September 29, 202 5 . 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 September 29, 2025