Nabors Industries Ltd. Files 8-K: Director/Officer Changes & Compensation Updates

TL;DR

Nabors Industries Ltd. 8-K: Board & exec changes, compensation updates filed Oct 1, 2025.

AI Summary

Nabors Industries Ltd. filed an 8-K on October 1, 2025, reporting changes in its board of directors and certain officers, along with updates to compensatory arrangements. The filing also includes financial statements and exhibits, indicating potential shifts in corporate governance and executive compensation structures.

Why It Matters

Changes in directors and officers, along with updates to compensation, can signal shifts in company strategy, leadership stability, and potential impacts on shareholder value.

Risk Assessment

Risk Level: medium — Changes in directorship and executive roles, coupled with compensation adjustments, can introduce uncertainty regarding future strategic direction and operational stability.

Key Players & Entities

• Nabors Industries Ltd. (company) — Registrant
• October 1, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $625,000 — z will receive an annual base salary of $625,000, and effective January 1, 2026, will be
• $200,000 — ceive (i) a cash bonus in the amount of $200,000, payable shortly following the effectiv
• $500,000 — tock award having a grant date value of $500,000, cliff-vesting on the fourth anniversar

Filing Documents

• tm2527660d1_8k.htm (8-K) — 36KB
• tm2527660d1_ex10-1.htm (EX-10.1) — 26KB
• tm2527660d1_ex10-2.htm (EX-10.2) — 61KB
• tm2527660d1_ex10-1img001.jpg (GRAPHIC) — 10KB
• 0001104659-25-095626.txt ( ) — 323KB
• nbr-20251001.xsd (EX-101.SCH) — 3KB
• nbr-20251001_lab.xml (EX-101.LAB) — 33KB
• nbr-20251001_pre.xml (EX-101.PRE) — 22KB
• tm2527660d1_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of Chief Financial Officer On October 1, 2025, Nabors Industries Ltd. ("Nabors"), announced that the Board of Directors of Nabors (the " Board ") has appointed Miguel Rodrigeuz as Chief Financial Officer, effective as October 1, 2025. Mr. Rodrigeuz succeeds William Restrepo, whose previously-announced retirement became effective as of September 30, 2025. Mr. Rodriguez will serve as Nabors' principal financial and accounting officer as of October 1, 2025, and Mr. Restrepo will step down from those positions effective as of September 30, 2025. Mr. Rodriguez, age 54, has over 25 years of finance experience, and has served as Senior Vice President – Operations Finance of Nabors since joining in February 2019. In this role, Mr. Rodriguez revamped and streamlined the Operations Finance function and also added Treasury and Tax functions to his area of responsibility. Prior to joining Nabors, Mr. Rodriguez spent more than 25 years in various finance roles of increasing responsibility at SLB Drilling Group. Mr. Rodriguez earned his bachelor's degree and CPA at UCAB in Venezuela. There are no arrangements or understandings between Mr. Rodriguez and any other person in connection with his appointment. Mr. Rodriguez does not have any family relationships with any director or other executive officer of Nabors, or any person nominated or chosen by Nabors to become a director or executive officer, and there are no transactions in which Mr. Rodriguez has an interest requiring disclosure under

(a) of Regulation S-K

Item 404(a) of Regulation S-K Offer Letter and Severance Agreement with Mr. Rodriguez In connection with Mr. Rodriguez's appointment as Chief Financial Officer, Nabors, Nabors Industries, a wholly owned subsidiary of Nabors, and Mr. Rodriguez entered into an offer letter with Mr. Rodriguez, effective October 1, 2025 (the "Rodriguez Offer Letter "), as well as an executive severance agreement, effective October 1, 2025 (the " Rodriguez Severance Agreement "). Pursuant to the Rodriguez Offer Letter, Mr. Rodriguez will receive an annual base salary of $625,000, and effective January 1, 2026, will be eligible to earn an annual cash bonus pursuant to the annual bonus program generally applicable to Nabors' other senior executives, with a target annual bonus equal to 100% of base salary. Effective January 1, 2026, Mr. Rodriguez will also be eligible to receive annual equity-based compensation awards under the Company's long-term incentive program, as determined by the Board in its discretion. Mr. Rodriguez will be eligible to participate in the other compensation/benefit programs provided to senior executives of Nabors generally. Under the terms of the Rodriguez Offer Letter, in connection with Mr. Rodriguez's appointment as Chief Financial Officer, Mr. Rodriguez will be eligible to receive (i) a cash bonus in the amount of $200,000, payable shortly following the effective date of Mr. Rodriguez's appointment, (ii) a restricted stock award having a grant date value of $200,000 that vests ratably over a three-year period, subject to continued employment, to be granted on October 1, 2025 and (iii) a restricted stock award having a grant date value of $500,000, cliff-vesting on the fourth anniversary of the grant date, subject to continued employment, to be granted on January 1, 2026. Under the terms of the Rodriguez Severance Agreement, in the event Mr. Rodriguez employment is terminated by Nabors without "Cause" (other than due to death or Disability) or by Mr. Rodrigu

Financial Statements and Exhibits

Financial Statements and Exhibits. ExhibitNo. Description 10.1 Offer Letter, effective October 1, 2025, among Nabors Industries Ltd., Nabors Industries, Inc. and Miguel Rodriguez. 10.2 Executive Severance Agreement, effective October 1, 2025, among Nabors Industries Ltd., Nabors Industries, Inc. and Miguel Rodriguez. 104 Cover Page Interactive Data File (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. Nabors Industries Ltd. Date: October 1, 2025 By: /s/ Mark D. Andrews Name: Mark D. Andrews Title: Vice President & Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR