Patterson-UTI Energy Reports Director Changes and Officer Compensation
Ticker: PTEN · Form: 8-K · Filed: Aug 7, 2025 · CIK: 889900
| Field | Detail |
|---|---|
| Company | Patterson Uti Energy INC (PTEN) |
| Form Type | 8-K |
| Filed Date | Aug 7, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-compensation, governance
Related Tickers: PTEN
TL;DR
Patterson-UTI swaps a director, names a new one, and updates exec pay.
AI Summary
Patterson-UTI Energy, Inc. filed an 8-K on August 7, 2025, reporting on the departure of director Michael J. McShane and the election of new director Michael J. McGovern, effective August 4, 2025. The filing also disclosed compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are closely watched by investors.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters and executive compensation, with no immediate financial implications.
Key Players & Entities
- Patterson-UTI Energy, Inc. (company) — Registrant
- Michael J. McShane (person) — Departing Director
- Michael J. McGovern (person) — Newly Elected Director
- August 4, 2025 (date) — Effective date of director changes
- August 7, 2025 (date) — Filing date of the 8-K
FAQ
Who is the new director elected to the board of Patterson-UTI Energy, Inc.?
Michael J. McGovern was elected as a new director, effective August 4, 2025.
Which director has departed from Patterson-UTI Energy, Inc.?
Michael J. McShane has departed from the board of directors.
What is the effective date for the director changes reported in the 8-K?
The changes, including the departure of Michael J. McShane and the election of Michael J. McGovern, were effective August 4, 2025.
What other information is disclosed in this 8-K filing besides director changes?
The filing also covers the appointment of certain officers and details compensatory arrangements for certain officers.
When was this 8-K filing submitted to the SEC?
This Form 8-K was filed on August 7, 2025.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2025-08-07 07:36:01
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value PTEN The Nasdaq Global Select
Filing Documents
- pten-20250804.htm (8-K) — 26KB
- 0000889900-25-000060.txt ( ) — 142KB
- pten-20250804.xsd (EX-101.SCH) — 2KB
- pten-20250804_lab.xml (EX-101.LAB) — 22KB
- pten-20250804_pre.xml (EX-101.PRE) — 13KB
- pten-20250804_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 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. Patterson-UTI Energy, Inc. August 7, 2025 By: /s/ C. Andrew Smith Name: C. Andrew Smith Title: Executive Vice President and Chief Financial Officer