NOV Inc. Files Definitive Proxy Statement (DEF 14A)

Ticker: NOV · Form: DEF 14A · Filed: 2024-04-04T00:00:00.000Z

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, NOV Inc., Executive Compensation, Corporate Governance

TL;DR

<b>NOV Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 15, 2024.</b>

AI Summary

NOV Inc. (NOV) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. NOV Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024. The filing covers the period ending May 15, 2024. The company was formerly known as NATIONAL OILWELL VARCO INC. NOV Inc. is in the OIL & GAS FILED MACHINERY & EQUIPMENT industry. The filing includes detailed executive compensation data for the fiscal year ending December 31, 2023.

Why It Matters

For investors and stakeholders tracking NOV Inc., this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it details executive compensation, board nominations, and other corporate governance matters to be voted on at the upcoming annual meeting. Understanding the executive compensation structure and any proposed changes is vital for investors assessing management alignment with shareholder interests and the company's financial health.

Risk Assessment

Risk Level: low — NOV Inc. shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant strategic shifts.

Analyst Insight

Shareholders should review the executive compensation details and any proposed governance changes before the annual meeting on May 15, 2024.

Key Numbers

2024-04-04 — Filing Date (DEF 14A filing date)
2024-05-15 — Reporting Period End (Conformed period of report)
2023-12-31 — Fiscal Year End (Fiscal year end)
2023-01-01 — Fiscal Year Start (Fiscal year start for executive compensation data)

Key Players & Entities

NOV Inc. (company) — Filer
NATIONAL OILWELL VARCO INC (company) — Former company name
DE (company) — State of incorporation
760475815 (dollar_amount) — IRS number
10353 RICHMOND AVE. (company) — Business address street
HOUSTON (company) — Business address city
TX (company) — Business address state
77042 (company) — Business address zip

FAQ

When did NOV Inc. file this DEF 14A?

NOV Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 4, 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 NOV Inc. (NOV).

Where can I read the original DEF 14A filing from NOV 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 NOV Inc..

What are the key takeaways from NOV Inc.'s DEF 14A?

NOV Inc. filed this DEF 14A on April 4, 2024. Key takeaways: NOV Inc. filed a Definitive Proxy Statement (DEF 14A) on April 4, 2024.. The filing covers the period ending May 15, 2024.. The company was formerly known as NATIONAL OILWELL VARCO INC..

Is NOV Inc. a risky investment based on this filing?

Based on this DEF 14A, NOV Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial information or significant strategic shifts.

What should investors do after reading NOV Inc.'s DEF 14A?

Shareholders should review the executive compensation details and any proposed governance changes before the annual meeting on May 15, 2024. The overall sentiment from this filing is neutral.

How does NOV Inc. compare to its industry peers?

NOV Inc. operates in the Oil & Gas Machinery & Equipment sector, providing products and services to the energy industry.

Are there regulatory concerns for NOV Inc.?

As a publicly traded company, NOV Inc. is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) for shareholder votes on corporate matters.

Industry Context

NOV Inc. operates in the Oil & Gas Machinery & Equipment sector, providing products and services to the energy industry.

Regulatory Implications

As a publicly traded company, NOV Inc. is subject to SEC regulations requiring the filing of proxy statements (DEF 14A) for shareholder votes on corporate matters.

What Investors Should Do

Review the detailed executive compensation tables for named executive officers.
Examine proposals related to director elections and any shareholder proposals.
Note the company's fiscal year end of December 31st for financial context.

Key Dates

2024-04-04: Filing of DEF 14A — Definitive Proxy Statement filed with the SEC.
2024-05-15: Annual Meeting Date — The date for which the proxy statement is prepared, likely the annual meeting date.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard annual disclosure. No prior filing data is available in this extract for comparison.

From the Filing

0001193125-24-087221.txt : 20240404 0001193125-24-087221.hdr.sgml : 20240404 20240404160112 ACCESSION NUMBER: 0001193125-24-087221 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 43 CONFORMED PERIOD OF REPORT: 20240515 FILED AS OF DATE: 20240404 DATE AS OF CHANGE: 20240404 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: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-12317 FILM NUMBER: 24823081 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 DEF 14A 1 d776449ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001021860 0001021860 2023-01-01 2023-12-31 0001021860 2022-01-01 2022-12-31 0001021860 2021-01-01 2021-12-31 0001021860 2020-01-01 2020-12-31 0001021860 nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:SheltonMember 2023-01-01 2023-12-31 0001021860 nov:RovigMember 2023-01-01 2023-12-31 0001021860 nov:JosephMember 2023-01-01 2023-12-31 0001021860 nov:ChangeInFairValueFromEndOfPriorFiscalYearToVestingDateForPreviouslyGrantedAwardsVestedDuringTheYearMember ecd:PeoMember 2023-01-01 2023-12-31 0001021860 nov:AdjustedEquityValuesAndAccruedDividendsMember nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:PensionValueForCurrentYearMember nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:OptionAwardsAsReportedInSctMember nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:StockAwardsAsReportedInSctMember nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:PensionNQDCasReportedinSCTMember nov:BayardoMember 2023-01-01 2023-12-31 0001021860 nov:PensionNQDCasReportedinSCTMember 2023-01-01 2023-12-31 0001021860 nov:StockAwardsAsReportedInSctMember 2023-01-01 2023-12-31 0001021860 nov:OptionAwardsAsReportedInSctMember 2023-01-01 2023-12-31 0001021860 nov:PensionValueForCurrentYearMember 2023-01-01 2023-12-31 0001021860 nov:AdjustedEquityValuesAndAccruedDividendsMember 2023-01-01 2023-12-31 0001021860 nov:AdjustedEquityValuesAndAccruedDividendsMember nov:SheltonMember 2023-01-01 2023-12-31 0001021860 nov:ChangeInFairValueFromEndOfPriorFiscalYearToVestingDateForPreviouslyGrantedAwardsVestedDuringTheYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001021860 nov:ChangeInFairValueFromEndOfPriorFiscalYearToEndOfCurrentFiscalYearForPreviouslyGrantedAwardsUnvestedAtYearEndMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001021860 nov:FairValueOfEquityAwardsAtFiscalYearEndForCurrentYearEquityGrantsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001021860 nov:DividendsPaidOnUnvestedEquityNotOtherwiseIncludedInTotalCompensationForTheCoveredFiscalYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001021860 nov:TotalEquityAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001021860 nov:OptionAwardsAsReportedInSctMember nov:SheltonMember 2023-01-01 2023-12-31 0001021860 nov:PensionValueForCurrentYearMember nov:JosephMember 2023-01-01 2023-12-31 0001021860 nov:PensionValueForCurrentYearMember nov:RovigMember 2023-01-01 2023-12-31 0001021860 nov:PensionValueForCurrentYearMember nov:SheltonMember 2023-01-01 2023-12-31 0001021860 nov:AdjustedEquityValuesAndAccruedDividendsMember nov:JosephMember 2023-01-01 2023-12-31 0001021860 nov:AdjustedEquityValuesAndAccruedDividendsMember nov:RovigMember 2023-01-01 2023-12-31 0001021860 nov:PensionNQDCasReportedinSCTMember nov:SheltonMember 2023-01-01 2023-12-31 0001021860 nov:StockAwardsAsReportedInSctMember nov:JosephMember 2023-01-01 2023-12-31 0001021860 nov:StockAwardsAsReportedInSctMem