Baker Hughes Adds Two Directors to Board

TL;DR

Baker Hughes adds ex-CEO Johnson & ex-Schlumberger exec Pesce to board.

AI Summary

On March 21, 2024, Baker Hughes Company announced the election of David M. Johnson and R. Scott Pesce to its Board of Directors, effective immediately. Johnson, former CEO of Baker Hughes, and Pesce, a former executive at Schlumberger, bring extensive industry experience to the board. This filing also disclosed compensatory arrangements for certain officers.

Why It Matters

The addition of experienced directors like former Baker Hughes CEO David M. Johnson and Schlumberger executive R. Scott Pesce could signal strategic shifts or enhanced governance for the company.

Risk Assessment

Risk Level: low — This filing primarily concerns board appointments and compensatory arrangements, which are routine corporate governance matters.

Key Players & Entities

• Baker Hughes Company (company) — Registrant
• David M. Johnson (person) — Newly elected Director
• R. Scott Pesce (person) — Newly elected Director
• March 21, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001193125-24-075449.txt : 20240322 0001193125-24-075449.hdr.sgml : 20240322 20240322171405 ACCESSION NUMBER: 0001193125-24-075449 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240321 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: 20240322 DATE AS OF CHANGE: 20240322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co CENTRAL INDEX KEY: 0001701605 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 06 Technology IRS NUMBER: 814403168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38143 FILM NUMBER: 24776182 BUSINESS ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 BUSINESS PHONE: 713-439-8600 MAIL ADDRESS: STREET 1: 575 NORTH DAIRY ASHFORD ROAD, SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77079-1121 FORMER COMPANY: FORMER CONFORMED NAME: Baker Hughes a GE Co DATE OF NAME CHANGE: 20170703 FORMER COMPANY: FORMER CONFORMED NAME: Bear Newco, Inc. DATE OF NAME CHANGE: 20170321 8-K 1 d32213d8k.htm 8-K 8-K Baker Hughes Co false 0001701605 0001701605 2024-03-21 2024-03-21     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): March 21, 2024     Baker Hughes Company (Exact name of registrant as specified in charter)       Delaware   1-38143   81-4403168 (State of Incorporation)   (Commission File No.)   (I.R.S. Employer Identification No.)   575 N. Dairy Ashford Road , Suite 100   Houston , Texas   77079-1121 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: (713) 439-8600 (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:   ☐ Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications 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   Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share   BKR   The Nasdaq Stock Market LLC 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 Arrangement of Certain Officers. (d) Departure of Director On March 21, 2024, Nelda J. Connors informed Baker Hughes Company (the “Company”) that she will not stand for re-election at the Company’s upcoming 2024