NOV Inc. Files 8-K on Officer/Director Changes & Compensation

Ticker: NOV · Form: 8-K · Filed: 2025-03-20T00:00:00.000Z

Sentiment: neutral

Topics: officer-changes, director-changes, compensation

TL;DR

NOV Inc. filed an 8-K detailing leadership changes and compensation plans.

AI Summary

NOV Inc. filed an 8-K on March 20, 2025, reporting events as of March 17, 2025. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and details about compensatory arrangements for these officers. It also includes financial statements and exhibits.

Why It Matters

This filing signals potential shifts in the leadership and governance structure of NOV Inc., which could impact strategic direction and operational oversight.

Risk Assessment

Risk Level: medium — Changes in directors and officers, along with details on their compensation, can indicate internal shifts that may affect company strategy and performance.

Key Numbers

Key Players & Entities

FAQ

Who specifically departed from their roles at NOV Inc.?

The filing indicates the departure of directors or certain officers, but the specific names are not detailed in the provided text.

Who were elected as new directors?

The filing mentions the election of directors, but the names of the newly elected directors are not specified in the provided text.

Which officers were appointed?

The filing notes the appointment of certain officers, but their specific identities are not provided in the excerpt.

What are the details of the compensatory arrangements for the officers?

The filing covers compensatory arrangements of certain officers, but the specific terms and amounts are not detailed in this excerpt.

What is the SIC code for NOV Inc.?

The Standard Industrial Classification (SIC) code for NOV Inc. is 3533, which corresponds to OIL & GAS MACHINERY & EQUIPMENT.

From the Filing

0001193125-25-058311.txt : 20250320 0001193125-25-058311.hdr.sgml : 20250320 20250320073020 ACCESSION NUMBER: 0001193125-25-058311 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250317 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: 20250320 DATE AS OF CHANGE: 20250320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOV Inc. CENTRAL INDEX KEY: 0001021860 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] ORGANIZATION NAME: 01 Energy & Transportation 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: 25754498 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 d842183d8k.htm 8-K 8-K false 0001021860 0001021860 2025-03-17 2025-03-17     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): March 17, 2025     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. Appointment of Officers On March 17, 2025, NOV Inc. (the “ Company ”) appointed Jose Bayardo as its President and Chief Operating Officer, effective March 17, 2025. Since

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