secwatch.observer — SEC 8-K summary
======================================

Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000046765-24-000049
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helmerich & Payne appoints J. Kevin Vann as CFO, succeeding retiring Smith on Aug 15
--------------------------------------------------------------------------------

- J. Kevin Vann named CFO Designate effective Aug 5, will become CFO on Aug 15, 2024 after Mark Smith's retirement.
- Vann previously served as CFO of WPX Energy (2014-2021) and as a director of Empire Petroleum since 2023.
- Initial base salary of $580,000; eligible for annual cash bonus target of 100% of base and long-term equity incentives.
- CEO cites Vann's M&A background as key for planned KCA Deutag acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000049/0000046765-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000049/hp-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000046765-24-000049

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