Newpark Resources, Inc. Announces 2024 Annual Meeting of Stockholders

Ticker: NPKI · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 71829

Newpark Resources Inc DEF 14A Filing Summary
FieldDetail
CompanyNewpark Resources Inc (NPKI)
Form TypeDEF 14A
Filed DateApr 4, 2024
Risk Level
Pages16
Reading Time19 min
Sentimentneutral

Sentiment: neutral

Topics: proxy statement, annual meeting, stockholders, corporate governance, executive compensation

TL;DR

<b>Newpark Resources, Inc. will hold its 2024 Annual Meeting of Stockholders on May 16, 2024.</b>

AI Summary

NEWPARK RESOURCES INC (NPKI) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. The 2024 Annual Meeting of Stockholders for Newpark Resources, Inc. will be held on May 16, 2024. The proxy statement is filed under Schedule 14A, indicating it's a solicitation of proxies. The filing date for this document is April 4, 2024. The company's fiscal year ends on December 31. Newpark Resources, Inc. is incorporated in Delaware and operates in the Oil & Gas Machinery & Equipment sector.

Why It Matters

For investors and stakeholders tracking NEWPARK RESOURCES INC, this filing contains several important signals. This DEF 14A filing provides essential information for stockholders to make informed voting decisions regarding company matters and executive compensation. The proxy statement details the agenda for the annual meeting, including proposals and director nominations, which directly impacts corporate governance and shareholder rights.

Risk Assessment

Risk Level: — NEWPARK RESOURCES INC shows moderate risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant operational updates, indicating a low level of immediate risk.

Analyst Insight

Stockholders should review the proxy statement to understand voting matters, director nominations, and executive compensation before the May 16, 2024, annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did NEWPARK RESOURCES INC file this DEF 14A?

NEWPARK RESOURCES INC filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by NEWPARK RESOURCES INC (NPKI).

Where can I read the original DEF 14A filing from NEWPARK RESOURCES INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NEWPARK RESOURCES INC.

What are the key takeaways from NEWPARK RESOURCES INC's DEF 14A?

NEWPARK RESOURCES INC filed this DEF 14A on April 4, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Newpark Resources, Inc. will be held on May 16, 2024.. The proxy statement is filed under Schedule 14A, indicating it's a solicitation of proxies.. The filing date for this document is April 4, 2024..

Is NEWPARK RESOURCES INC a risky investment based on this filing?

Based on this DEF 14A, NEWPARK RESOURCES INC presents a moderate-risk profile. The filing is a routine proxy statement (DEF 14A) and does not contain new financial results or significant operational updates, indicating a low level of immediate risk.

What should investors do after reading NEWPARK RESOURCES INC's DEF 14A?

Stockholders should review the proxy statement to understand voting matters, director nominations, and executive compensation before the May 16, 2024, annual meeting. The overall sentiment from this filing is neutral.

How does NEWPARK RESOURCES INC compare to its industry peers?

Newpark Resources, Inc. operates in the Oil & Gas Machinery & Equipment industry.

Are there regulatory concerns for NEWPARK RESOURCES INC?

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Newpark Resources, Inc. operates in the Oil & Gas Machinery & Equipment industry.

Regulatory Implications

The filing is made under Schedule 14A of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the full proxy statement for details on director nominees and voting proposals.
  2. Understand the executive compensation structure and any related proposals.
  3. Note the date and time of the Annual Meeting to participate or ensure proxy votes are cast.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement for an annual meeting. Specific comparative data from a previous filing is not detailed within this document excerpt.

Filing Stats: 4,720 words · 19 min read · ~16 pages · Grade level 15.4 · Accepted 2024-04-04 16:19:49

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 33 Summary Compensation Table 33 Grants of Plan-Based Awards 34 Outstanding Equity Awards at Fiscal Year End 36 Option Exercises and Stock Vested 37 Potential Payments upon Termination 37 CEO PAY RATIO 40 PAY VERSUS PERFORMANCE 42 EQUITY COMPENSATION PLAN INFORMATION 47 DIRECTOR COMPENSATION 48 PROPOSAL NO. 1 - ELECTION OF DIRECTORS 50 PROPOSAL NO. 2 - ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 57 PROPOSAL NO. 3 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 58 PROPOSAL NO. 4 - APPROVAL OF THE PROPOSED AMENDMENT TO THE COMPANY'S RESTATED CERTIFICATE OF INCORPORATION TO LIMIT THE LIABILITY OF OFFICERS AS PERMITTED BY LAW 61 STOCKHOLDER PROPOSALS 64 OTHER MATTERS 64 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS Date: MAY 16, 2024 Only stockholders of record at the close of business on the Record Date will be entitled to notice of and to vote at the Annual Meeting and any adjournment or postponement thereof. A list of stockholders entitled to vote at the Annual Meeting will be available for 10 days prior to the Annual Meeting during ordinary business hours at the Company's headquarters, located at 9320 Lakeside Boulevard, Suite 100, The Woodlands, Texas 77381. Time: 9:00 a.m. Central Daylight Time Place: 21920 Merchants Way Katy, Texas 77449 Record Date: March 22, 2024 MEETING AGENDA (1) The election of seven director nominees named in this Proxy Statement to our Board of Directors; (2) A non-binding advisory vote to approve our named executive officer compensation; (3) The ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year 2024; and (4) The approval of a proposed amendment to the Company's Restated Certificate of Incorporation to limit the liability of officers as permitted by law. Our stockholders may also transact such other business at the Annual Meeting

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION Our executive and director compensation programs reflect a number of best practices, including the following: Stock ownership guidelines for senior management and non-employee directors X No excise tax gross-ups Annual say-on-pay vote X No repricing options or SARs without stockholder approval Independent compensation consultant X No hedging or pledging Company shares by employees, officers, or directors Significant percentage of pay is "at risk" X No single-trigger change-in-control payments Multiple financial performance metrics in annual incentive program X No excessive perquisites Multiple performance metrics in long-term incentive program X No payments of dividends on unvested awards Robust Insider Trading Policy and Clawback Policy X No fixed term employment agreements Stock repurchase program in place to mitigate dilutive impact of management and director equity grants Our executive compensation program is designed to align pay for performance and we are pleased with the support our stockholders have provided regarding the program. At our 2023 Annual Meeting, our stockholders voted 99% in favor of our executive compensation. NEWPARK RESOURCES, INC. 9320 Lakeside Boulevard, Suite 100 The Woodlands, Texas 77381 PROXY STATEMENT April 4, 2024 GENERAL INFORMATION This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors of Newpark Resources, Inc. ("Newpark," "we" or the "Company") for the Annual Meeting to be held at the Newpark Technology Center located at 21920 Merchants Way, Katy, Texas 77449 on Thursday, May 16, 2024, at 9:00 a.m., Central Daylight Time, and any postponements or adjournments of the Annual Meeting. For safety and security reasons, no cameras, recording equipment or electronic devices will be permitted in the meeting. Mobile phones may be brought into the meeting, but the camera function is not permitted. Important Notice Regarding the Availabil

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