NOV Inc. Files 8-K: Agreements, Obligations, and Terminations

Ticker: NOV · Form: 8-K · Filed: 2024-09-12T00:00:00.000Z

Sentiment: neutral

Topics: material-definitive-agreement, financial-obligation, agreement-termination

TL;DR

NOV Inc. 8-K: New deals signed, old ones axed, and new debt/obligations created. Details TBD.

AI Summary

On September 12, 2024, NOV Inc. entered into a material definitive agreement and terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements, terminations, and financial obligations were not provided in this filing.

Why It Matters

This filing indicates significant changes in NOV Inc.'s contractual and financial arrangements, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and financial obligations, suggesting potential shifts in the company's financial structure and operational commitments.

Key Players & Entities

NOV Inc. (company) — Registrant
National Oilwell Varco Inc (company) — Former company name
National Oilwell Inc (company) — Former company name
September 12, 2024 (date) — Date of earliest event reported

FAQ

What was the nature of the material definitive agreement entered into by NOV Inc. on September 12, 2024?

The filing does not specify the details of the material definitive agreement entered into by NOV Inc. on September 12, 2024.

Which material definitive agreement was terminated by NOV Inc. on September 12, 2024?

The filing indicates the termination of a material definitive agreement but does not provide its specific name or terms.

What type of direct financial obligation or off-balance sheet arrangement was created by NOV Inc.?

The filing states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but the specifics are not detailed.

What is the primary business of NOV Inc. according to the filing?

NOV Inc. is primarily involved in the OIL & GAS MACHINERY & EQUIPMENT industry, with SIC code 3533.

When did NOV Inc. change its name from National Oilwell Varco Inc?

NOV Inc. changed its name from National Oilwell Varco Inc. on March 11, 2005.

From the Filing

0001193125-24-217980.txt : 20240912 0001193125-24-217980.hdr.sgml : 20240912 20240912160602 ACCESSION NUMBER: 0001193125-24-217980 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240912 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240912 DATE AS OF CHANGE: 20240912 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: 241294979 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 d861898d8k.htm 8-K 8-K false 0001021860 0001021860 2024-09-12 2024-09-12     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): September 12, 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 1.01 Entry into a Material Definitive Agreement On September 12, 2024, NOV Inc., a Delaware corporation (the “Company”), entered into a credit agreement evidencing a five year unsecured revolving credit facili