NOV Inc. Reports Board Changes and Executive Compensation Updates
Ticker: NOV · Form: 8-K · Filed: Dec 16, 2024 · CIK: 1021860
| Field | Detail |
|---|---|
| Company | Nov Inc. (NOV) |
| Form Type | 8-K |
| Filed Date | Dec 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, board-of-directors
TL;DR
NOV Inc. board shakeup and exec pay changes filed. Watch for strategic shifts.
AI Summary
NOV Inc. announced on December 15, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty regarding future strategic direction and operational stability.
Key Numbers
- 1-12317 — SEC File Number (Identifies the company's filing with the SEC.)
- 76-0475815 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- NOV Inc. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- Houston, Texas (location) — Business Address
- NATIONAL OILWELL VARCO INC (company) — Former Company Name
- NATIONAL OILWELL INC (company) — Former Company Name
FAQ
What specific roles have seen departures or appointments?
The filing indicates departures of certain officers and the election of new directors, but does not specify the exact roles in this summary.
When were these changes effective?
The earliest event reported was on December 15, 2024.
What is the primary business of NOV Inc.?
NOV Inc. is in the OIL & GAS MACHINERY & EQUIPMENT industry.
Has NOV Inc. operated under different names previously?
Yes, it was formerly known as NATIONAL OILWELL VARCO INC and NATIONAL OILWELL INC.
What is the company's state of incorporation?
NOV Inc. is incorporated in Delaware.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 10 · Accepted 2024-12-16 10:35:02
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share NOV New York Stock Exchan
Filing Documents
- d865421d8k.htm (8-K) — 27KB
- d865421dex991.htm (EX-99.1) — 6KB
- g865421g1212235605699.jpg (GRAPHIC) — 2KB
- 0001193125-24-279206.txt ( ) — 155KB
- nov-20241215.xsd (EX-101.SCH) — 3KB
- nov-20241215_lab.xml (EX-101.LAB) — 17KB
- nov-20241215_pre.xml (EX-101.PRE) — 11KB
- d865421d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits The following exhibit is provided as part of the information furnished under Item 5.02 of this Current Report: 99.1 NOV Inc. press release dated December 16, 2024 announcing the appointment of Christian S. Kendall. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES 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. Date: December 16, 2024 NOV INC. /s/ Peter F. Vranderic Peter F. Vranderic Vice President