Helmerich & Payne Files 2025 Proxy Statement

Ticker: HP · Form: DEF 14A · Filed: Jan 22, 2025 · CIK: 46765

Sentiment: neutral

Topics: proxy-statement, governance, annual-meeting

TL;DR

H&P proxy statement out - shareholders vote on directors & auditors soon.

AI Summary

Helmerich & Payne, Inc. filed its definitive proxy statement on January 22, 2025, for its annual meeting of shareholders. The filing outlines the company's governance, executive compensation, and proposals to be voted on by shareholders. Key items likely include the election of directors and ratification of the independent registered public accounting firm.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and policies, impacting the company's strategic direction and financial performance.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that outlines standard corporate governance and shareholder voting matters.

Key Players & Entities

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide shareholders with information for the annual meeting, including details on director nominations, executive compensation, and other matters requiring shareholder approval.

When was this definitive proxy statement filed?

This definitive proxy statement was filed on January 22, 2025.

What is the company's fiscal year end?

The company's fiscal year ends on September 30.

What is the Standard Industrial Classification code for Helmerich & Payne, Inc.?

The Standard Industrial Classification code is 1381, for Drilling Oil & Gas Wells.

Where is Helmerich & Payne, Inc. headquartered?

Helmerich & Payne, Inc. is headquartered in Tulsa, Oklahoma.

Filing Stats: 4,259 words · 17 min read · ~14 pages · Grade level 15.6 · Accepted 2025-01-22 16:15:21

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 76

SECURITY OWNERSHIP OF DIRECTORS AND MANAGEMENT

SECURITY OWNERSHIP OF DIRECTORS AND MANAGEMENT 77 GENERAL INFORMATION 78 TABLE OF CONTENTS 222 N. Detroit Ave. Tulsa, Oklahoma 74120 Proxy Statement 2025 Proxy Statement 1 TABLE OF CONTENTS Virtual Annual Meeting Information DATE AND TIME: VIRTUAL MEETING SITE RECORD DATE Tuesday, March 5, 2025 12:00 p.m., Central time www.virtualshareholdermeeting.com/HP2025 You may vote if you were a stockholder of record as of the close of business on January 6, 2025. Items of Business and Voting Recommendations Proposal Board Voting Recommendation 1 The election of the 10 nominees as Directors: FOR each nominee Delaney Bellinger Belgacem Chariag Kevin G. Cramton Randy A. Foutch Hans Helmerich Elizabeth R. Killinger John W. Lindsay Jos R. Mas Donald F. Robillard, Jr. John D. Zeglis 2 The ratification of the appointment of Ernst & Young LLP as our independent auditors for our fiscal year ending September 30, 2025 FOR 3 The advisory vote to approve the compensation of our named executive officers disclosed in this proxy statement FOR We will also consider any other business that properly comes before the Annual Meeting. Our Board of Directors recommends that you vote your shares FOR the 10 Director nominees identified under Proposal 1, and FOR Proposals 2 and 3. 2 2025 Proxy Statement TABLE OF CONTENTS Proxy Summary 2025 Proxy Statement 3 TABLE OF CONTENTS The H&P Way The H&P Way was created to define our purpose, core values, and the behaviors that drive our culture. OUR PURPOSE Improving lives through efficient and responsible energy. WHAT WE DO We safely provide performance-driven drilling solutions. OUR VALUES Our values reflect who we are and the way we interact with one another, our customers, partners, and shareholders Actively C.A.R.E.: We treat one another with respect. We care about each other. We are committed to Controlling and Removing Exposures for our

Executive Compensation

Executive Compensation Sound Design Our executive compensation program is designed to: align the interests of our leaders with those of our stockholders attract, retain, and motivate strong leadership link pay with performance and execution of strategy Pay for Performance significant portion of target compensation is performance-based and at risk short-term cash incentive compensation is tied to exacting financial objectives with payouts that vary based on our performance performance-based equity awards that comprise 50% of target annual equity award opportunities Fiscal 2024 Business Highlights In fiscal 2024, our management team orchestrated organizational dexterity to deliver results that outperformed the level of rig activity during the period. Increased our operational presence in the Middle East region significantly as we began operations in the Kingdom of Saudi Arabia Announced our intentions to acquire KCA Deutag, which transaction closed in January 2025 and firmly positions H&P as a global leader in onshore drilling Increased North America Solutions segment operating revenue on a per day basis by approximately 8% in fiscal 2024 compared to fiscal 2023 Returned approximately $220 million of capital to our stockholders through base and supplemental dividends and share repurchases Increased our U.S. market share of super-spec rigs by 1.2% compared to fiscal 2023 Increased revenue received from performance bonuses, recognized due to the achievement of performance targets, by approximately 20% in fiscal 2024 compared to fiscal 2023 and by approximately 46% compared to fiscal 2022 Sustainability and Human Capital Management As a 100+ year old company Helmerich & Payne believes in the importance of sustainability. Making prudent financial decisions and investments, endeavoring to operate in a safe and environmentally responsible manner, striving to minimize any potentially negative environmental impacts, reducing emissions and

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