Patterson-UTI Energy Inc. Announces Annual Stockholders' Meeting

Ticker: PTEN · Form: DEF 14A · Filed: Apr 11, 2024 · CIK: 889900

Patterson Uti Energy INC DEF 14A Filing Summary
FieldDetail
CompanyPatterson Uti Energy INC (PTEN)
Form TypeDEF 14A
Filed DateApr 11, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$9,500, $0.01
Sentimentneutral

Sentiment: neutral

Topics: Patterson-UTI Energy, PTEN, DEF 14A, Annual Meeting, Proxy Statement

Related Tickers: PTEN

TL;DR

<b>Patterson-UTI Energy, Inc. has scheduled its annual stockholders' meeting for June 6, 2024.</b>

AI Summary

PATTERSON UTI ENERGY INC (PTEN) filed a Proxy Statement (DEF 14A) with the SEC on April 11, 2024. The annual stockholders' meeting for Patterson-UTI Energy, Inc. is scheduled for Thursday, June 6, 2024, at 10:00 a.m. Central Time. The meeting will be held at the company's corporate headquarters. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 11, 2024. The company's principal executive offices are located at 10713 West Sam Houston Parkway North, Suite 800, Houston, Texas 77064. Patterson-UTI Energy, Inc. is incorporated in Delaware and operates in the Drilling Oil & Gas Wells industry.

Why It Matters

For investors and stakeholders tracking PATTERSON UTI ENERGY INC, this filing contains several important signals. This filing provides shareholders with essential information regarding the upcoming annual meeting, including the date, time, and location, enabling them to participate in corporate governance. As a DEF 14A filing, it details matters to be voted on by shareholders, which could include executive compensation, director elections, and other corporate actions, impacting shareholder rights and company direction.

Risk Assessment

Risk Level: low — PATTERSON UTI ENERGY INC shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Review the proxy statement for details on proposals, director nominees, and executive compensation to make informed voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did PATTERSON UTI ENERGY INC file this DEF 14A?

PATTERSON UTI ENERGY INC filed this Proxy Statement (DEF 14A) with the SEC on April 11, 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 PATTERSON UTI ENERGY INC (PTEN).

Where can I read the original DEF 14A filing from PATTERSON UTI ENERGY 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 PATTERSON UTI ENERGY INC.

What are the key takeaways from PATTERSON UTI ENERGY INC's DEF 14A?

PATTERSON UTI ENERGY INC filed this DEF 14A on April 11, 2024. Key takeaways: The annual stockholders' meeting for Patterson-UTI Energy, Inc. is scheduled for Thursday, June 6, 2024, at 10:00 a.m. Central Time.. The meeting will be held at the company's corporate headquarters.. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 11, 2024..

Is PATTERSON UTI ENERGY INC a risky investment based on this filing?

Based on this DEF 14A, PATTERSON UTI ENERGY INC presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

What should investors do after reading PATTERSON UTI ENERGY INC's DEF 14A?

Review the proxy statement for details on proposals, director nominees, and executive compensation to make informed voting decisions. The overall sentiment from this filing is neutral.

How does PATTERSON UTI ENERGY INC compare to its industry peers?

Patterson-UTI Energy operates in the oil and gas drilling sector, providing essential services for energy exploration and production.

Are there regulatory concerns for PATTERSON UTI ENERGY INC?

As a publicly traded company, Patterson-UTI Energy is subject to SEC regulations governing proxy solicitations and shareholder communications.

Industry Context

Patterson-UTI Energy operates in the oil and gas drilling sector, providing essential services for energy exploration and production.

Regulatory Implications

As a publicly traded company, Patterson-UTI Energy is subject to SEC regulations governing proxy solicitations and shareholder communications.

What Investors Should Do

  1. Review the full proxy statement for details on all proposals and resolutions.
  2. Note the date and time for the annual meeting to ensure participation.
  3. Understand the voting procedures and deadlines outlined in the proxy materials.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing for the annual meeting, providing information to shareholders. No comparative data from a previous filing is presented in this excerpt.

Filing Stats: 4,680 words · 19 min read · ~16 pages · Grade level 13.2 · Accepted 2024-04-11 06:47:19

Key Financial Figures

Filing Documents

: Gender Identity

Part I: Gender Identity Directors 5 5 1

: Demographic Background

Part II: Demographic Background African American or Black 1 0 Hispanic or Latinx 0 1 White 5 4 Two or More Races or Ethnicities 1 0 Did Not Disclose Demographic Background 1 5 The table below summarizes some of the skills and experience that the Board believes each director possesses and are relevant to such director's Board and committee service. This summary is not intended to be an exhaustive list of each of our directors' skills or contributions, and the lack of a checkmark for a particular item does not necessarily mean that the director does not possess that skill or experience. Beyer Cepak Drummond Halverson Hendricks Huff Jaime Judah Nelson Robertson Stewart SKILLS AND EXPERIENCE Accounting and Finance Understanding of finance and public company financial reporting Corporate Finance/Capital Markets Corporate finance, capital markets and/or merger and acquisition experience Corporate Governance Corporate governance principles and process Environmental and Safety Safety and environmental regulations Global Management and/or work experience with businesses operating outside of the United States Human Resource Management Human resource management and/or work experience Independent Satisfies the independence requirements of Nasdaq and the Securities and Exchange Commission Industry and Operations Operational and management experience in the oil and gas industry Leadership Business and strategic management experience from service in a leadership position, such as a CEO, COO, CFO or other senior leadership position of a significant operating unit Legal Background Practiced law and/or has law degree Prior Board Experience Service on public company boards Risk Oversight Understanding significant risks facing companies Technology Developing and investing in new technologies 6 When considering whether directors and nominees have the experience, qualifications

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