Weatherford International plc: Director Changes & Shareholder Votes
Ticker: WFRD · Form: 8-K · Filed: Jun 13, 2025 · CIK: 1603923
| Field | Detail |
|---|---|
| Company | Weatherford International PLC (WFRD) |
| Form Type | 8-K |
| Filed Date | Jun 13, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-changes, shareholder-vote
Related Tickers: WFT
TL;DR
Board shakeup at Weatherford: Cavnar out, Schanzer in. Shareholder votes and exec comp details filed.
AI Summary
Weatherford International plc announced on June 11, 2025, the departure of director Robert L. Cavnar and the election of new director David M. Schanzer. The company also reported on compensatory arrangements for certain officers and submitted matters to a vote of security holders. The filing includes financial statements and exhibits.
Why It Matters
Changes in board composition and shareholder votes can signal shifts in company strategy or governance, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as director changes and shareholder votes, with no immediate financial distress or significant operational shifts indicated.
Key Numbers
- 001-36504 — SEC File Number (Identifies the company's filing with the SEC.)
- 98-0606750 — EIN (Employer Identification Number for tax purposes.)
Key Players & Entities
- Weatherford International plc (company) — Registrant
- Robert L. Cavnar (person) — Departing Director
- David M. Schanzer (person) — Newly Elected Director
- Ireland (jurisdiction) — Place of incorporation
- Houston, Texas (location) — Principal executive offices
FAQ
Who has departed from Weatherford International plc's board of directors?
Robert L. Cavnar has departed from the board of directors.
Who has been elected as a new director to Weatherford International plc's board?
David M. Schanzer has been elected as a new director.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 11, 2025.
What are the principal executive offices of Weatherford International plc?
The principal executive offices are located at 2000 St. James Place, Houston, Texas 77056.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of directors, appointment of certain officers, compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 13, 2025 by Robert L. Cavnar regarding Weatherford International plc (WFRD).