Oceaneering Appoints New CFO
Ticker: OII · Form: 8-K · Filed: Nov 21, 2024 · CIK: 73756
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Oceaneering names Bradley Hearn new CFO, starting Nov 25th. Salary $425k + bonus.
AI Summary
On November 21, 2024, Oceaneering International, Inc. announced a change in its executive team. The company appointed Bradley J. Hearn as Senior Vice President and Chief Financial Officer, effective November 25, 2024. Mr. Hearn will receive an annual base salary of $425,000 and is eligible for a discretionary annual bonus.
Why It Matters
A change in Chief Financial Officer can signal shifts in financial strategy or management priorities, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $425,000 — CFO Base Salary (Annual compensation for the newly appointed CFO, Bradley J. Hearn.)
Key Players & Entities
- Oceaneering International, Inc. (company) — Registrant
- Bradley J. Hearn (person) — Appointed Senior Vice President and Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- November 25, 2024 (date) — Effective date of appointment
- November 21, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer?
Bradley J. Hearn has been appointed as the new Senior Vice President and Chief Financial Officer.
When is the appointment of Bradley J. Hearn effective?
The appointment of Bradley J. Hearn is effective November 25, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Bradley J. Hearn, is $425,000.
Is the new CFO eligible for a bonus?
Yes, Bradley J. Hearn is eligible for a discretionary annual bonus.
What other items are reported in this 8-K filing?
This 8-K filing also reports on the election of directors and compensatory arrangements of certain officers, in addition to the CFO appointment.
Filing Stats: 646 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-11-21 16:31:17
Key Financial Figures
- $0.25 — ich registered Common stock, par value $0.25 per share OII New York Stock Exchange
Filing Documents
- oii-20241121.htm (8-K) — 26KB
- exhibit991officerchangesno.htm (EX-99.1) — 5KB
- oii-20241121_g1.jpg (GRAPHIC) — 20KB
- 0000073756-24-000168.txt ( ) — 244KB
- oii-20241121.xsd (EX-101.SCH) — 2KB
- oii-20241121_def.xml (EX-101.DEF) — 16KB
- oii-20241121_lab.xml (EX-101.LAB) — 28KB
- oii-20241121_pre.xml (EX-101.PRE) — 17KB
- oii-20241121_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release of Oceaneering International, Inc. issued November 2 1 , 2024 . 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. OCEANEERING INTERNATIONAL, INC. Date: November 21, 2024 By: /S/ JENNIFER F. SIMONS Jennifer F. Simons Senior Vice President, Chief Legal Officer and Secretary