secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0000071829-21-000124
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newpark Resources CEO Paul Howes to retire Feb 2022; Matthew Lanigan named successor
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- CEO Paul Howes to retire as officer on Feb 28, 2022; Matthew Lanigan to succeed as President & CEO.
- Lanigan promoted to President & COO effective Sept 1, 2021; will report to Howes until retirement.
- Lori Briggs promoted to President of Newpark Industrial Solutions, replacing Lanigan, effective Sept 1.
- Lanigan receives $450k base salary, 100k RSUs (3-year vest); Briggs receives $350k base, 50k RSUs.
- Cash retention awards: $500k each to Gregg Piontek and David Paterson, $250k to Chipman Earle, vest Sept 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182921000124/0000071829-21-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182921000124/nr-20210817.htm
  HTML page:      https://secwatch.observer/filing/0000071829-21-000124

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