secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000046765-24-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helmerich & Payne CFO Mark W. Smith to retire August 2024; successor search underway
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- Mark W. Smith, Senior VP and CFO, will retire effective August 15, 2024 or earlier agreed date.
- He will remain as non-executive Senior Advisor through December 31, 2024, receiving base salary and vesting equity.
- Retirement not due to any disagreement with company on operations, policies, or practices.
- Company has commenced search for a successor CFO; Smith will assist in transition.
- Transition Agreement includes release of claims, non-competition, and non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000013/0000046765-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000013/hp-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000046765-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer