NOV Inc. Reports Officer/Director Changes, Comp Arrangements

Ticker: NOV · Form: 8-K · Filed: 2024-01-17T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-changes, compensation

TL;DR

**NOV Inc. just filed an 8-K about executive changes and pay, keep an eye on leadership shifts.**

AI Summary

NOV Inc. filed an 8-K on January 17, 2024, to report the departure or election of directors or officers and changes to compensatory arrangements for certain officers. This filing also covers financial statements and exhibits. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or future performance, potentially impacting stock valuation.

Why It Matters

Changes in executive leadership and compensation can influence a company's strategic direction and operational efficiency, directly affecting investor confidence and stock performance.

Risk Assessment

Risk Level: low — This filing is primarily administrative, reporting standard corporate governance changes without indicating immediate financial distress or major operational risks.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the personnel changes and compensation arrangements, as these could provide clearer insights into future company direction and financial implications.

Key Players & Entities

FAQ

What is the primary purpose of NOV Inc.'s 8-K filing dated January 17, 2024?

The primary purpose of NOV Inc.'s 8-K filing dated January 17, 2024, is to report the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers,' as well as 'Financial Statements and Exhibits'.

What is the earliest event reported date in this 8-K filing?

The earliest event reported date in this 8-K filing is January 17, 2024.

Where are NOV Inc.'s principal executive offices located?

NOV Inc.'s principal executive offices are located at 10353 Richmond Ave., Houston, Texas 77042.

What is NOV Inc.'s telephone number?

NOV Inc.'s telephone number is 346-223-3000.

What is the trading symbol for NOV Inc.'s Common Stock?

The filing does not explicitly state the trading symbol for NOV Inc.'s Common Stock, only that it is registered pursuant to Section 12(b) of the Act.

From the Filing

0001193125-24-009316.txt : 20240117 0001193125-24-009316.hdr.sgml : 20240117 20240117171559 ACCESSION NUMBER: 0001193125-24-009316 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240117 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240117 DATE AS OF CHANGE: 20240117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOV Inc. CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 760475815 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 24539312 BUSINESS ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 346-223-3000 MAIL ADDRESS: STREET 1: 10353 RICHMOND AVE. CITY: HOUSTON STATE: TX ZIP: 77042 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL VARCO INC DATE OF NAME CHANGE: 20050311 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL OILWELL INC DATE OF NAME CHANGE: 19960829 8-K 1 d731298d8k.htm 8-K 8-K false 0001021860 0001021860 2024-01-17 2024-01-17     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 17, 2024     NOV INC. (Exact Name of Registrant as Specified in Charter)       Delaware   1-12317   76-0475815 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 10353 Richmond Ave. Houston , Texas   77042 (Address of Principal Executive Offices)   (Zip Code) Registrant’s Telephone Number, Including Area Code 346 - 223-3000 (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):     ☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   NOV   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Election of Director On January 17, 2024, the Board of Directors (the “Board”) of NOV Inc. (the “Company”) appointed Patricia B. Melcher as a director of the Company, effective Ja

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