Dril-Quip Appoints New CFO, Johnson Takes Helm
Ticker: INVX · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1042893
Sentiment: neutral
Topics: executive-appointment, cfo, leadership-change
TL;DR
Dril-Quip names new CFO, Johnson, replacing McConnaghy.
AI Summary
Dril-Quip, Inc. announced on July 8, 2024, the appointment of Jeffrey J. Johnson as its new Chief Financial Officer, effective immediately. Johnson previously served as the Interim CFO and brings extensive financial leadership experience to the role. The company also reported on the departure of its former CFO, Vincent E. McConnaghy.
Why It Matters
The appointment of a permanent CFO is a significant leadership change that can impact investor confidence and the company's financial strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategy and performance.
Key Players & Entities
- Dril-Quip, Inc. (company) — Registrant
- Jeffrey J. Johnson (person) — Appointed Chief Financial Officer
- Vincent E. McConnaghy (person) — Former Chief Financial Officer
- July 8, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Dril-Quip, Inc.?
Jeffrey J. Johnson has been appointed as the new Chief Financial Officer of Dril-Quip, Inc.
When was Jeffrey J. Johnson's appointment effective?
Jeffrey J. Johnson's appointment was effective as of July 8, 2024.
What was Jeffrey J. Johnson's previous role at Dril-Quip, Inc.?
Jeffrey J. Johnson previously served as the Interim Chief Financial Officer at Dril-Quip, Inc.
Who is the former Chief Financial Officer mentioned in the filing?
Vincent E. McConnaghy is the former Chief Financial Officer mentioned in the filing.
What is the principal executive office address for Dril-Quip, Inc.?
The principal executive offices of Dril-Quip, Inc. are located at 2050 West Sam Houston Parkway S., Suite 1100, Houston, Texas 77042.
Filing Stats: 889 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-07-09 16:53:52
Filing Documents
- d824482d8k.htm (8-K) — 28KB
- 0001193125-24-176793.txt ( ) — 148KB
- drq-20240708.xsd (EX-101.SCH) — 3KB
- drq-20240708_lab.xml (EX-101.LAB) — 18KB
- drq-20240708_pre.xml (EX-101.PRE) — 11KB
- d824482d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Form of Indemnification Agreement (incorporated herein by reference to the Company's Current Report on Form 8-K filed on October 17, 2005). 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, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DRIL-QUIP, INC. By: /s/ James C. Webster James C. Webster Vice President, General Counsel and Secretary Date: July 9, 2024