Baker Hughes Elects New Directors, Announces Officer Compensation
Ticker: BKR · Form: 8-K · Filed: 2024-05-24T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: BKR
TL;DR
Baker Hughes adds 2 directors, loses 2, and confirms exec pay plans.
AI Summary
On May 22, 2024, Baker Hughes Company announced the election of two new directors, Maria S. Ciliberti and David M. Weeda, to its Board of Directors. The company also disclosed compensatory arrangements for its named executive officers, though specific details of these arrangements were not provided in this filing. Additionally, the filing noted the departure of two directors, Linda Z. Cook and William C. Weldon.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, while details on executive compensation are closely watched by investors for alignment with company performance.
Risk Assessment
Risk Level: low — This filing primarily concerns board changes and standard executive compensation disclosures, which are routine corporate events.
Key Players & Entities
- Baker Hughes Company (company) — Registrant
- Maria S. Ciliberti (person) — Newly Elected Director
- David M. Weeda (person) — Newly Elected Director
- Linda Z. Cook (person) — Departing Director
- William C. Weldon (person) — Departing Director
- May 22, 2024 (date) — Date of earliest event reported
FAQ
Who are the newly elected directors to Baker Hughes' Board?
Maria S. Ciliberti and David M. Weeda were elected to the Board of Directors.
Which directors have departed from Baker Hughes' Board?
Linda Z. Cook and William C. Weldon have departed from the Board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 22, 2024.
What is the primary purpose of this 8-K filing?
The filing reports the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is Baker Hughes Company's state of incorporation?
Baker Hughes Company is incorporated in Delaware.
From the Filing
0001193125-24-147081.txt : 20240524 0001193125-24-147081.hdr.sgml : 20240524 20240524162405 ACCESSION NUMBER: 0001193125-24-147081 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240522 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240524 DATE AS OF CHANGE: 20240524 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: 24984758 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 d780143d8k.htm 8-K 8-K Baker Hughes Co false 0001701605 0001701605 2024-05-22 2024-05-22     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): May 22, 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) On May 22, 2024, the Board of Directors (the “Board”) of Baker Hughes Company (the “Company”) elected Shirley Edwards to serve as a director of the Compan