---
schema_version: "secwatch.filing_event.v1"
accession: "0000071829-21-000136"
form_type: "8-K"
ticker: "NPKI"
cik: "0000071829"
company_name: "NPK International Inc."
filed_at: "2021-11-02T23:59:59+00:00"
generated_at: "2026-06-28T15:24:45.629304+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Newpark Q3 2021 net loss $10.5M; CEO Paul Howes to retire Feb 2022, succeeded by Matthew Lanigan

## Summary
- Revenue $151.8M (+7% seq, +57% YoY); net loss $10.5M ($0.11/sh) vs $6.0M loss in Q2 2021.
- Fluids Systems rev $108.0M (+11% seq) but op loss $6.6M, including $4.0M charges from Hurricane Ida and restructuring.
- Industrial Solutions rev $43.8M (op income $8.1M, 18% margin), with seasonal T&D slowdown offset by site access sales.
- CEO Paul Howes to retire on Feb 28, 2022 and resign from board; President/COO Matthew Lanigan to become CEO and board member.
- Hurricane Ida and COVID impacted results; working capital consumed $14M cash; net capex $6M for mat rental fleet expansion.

## SEC filing metadata
- accession: 0000071829-21-000136
- form_type: 8-K
- ticker: NPKI
- cik: 0000071829
- company_name: NPK International Inc.
- filed_at: 2021-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/71829/000007182921000136/0000071829-21-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/71829/000007182921000136/nr-20211101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-21-000136
- JSON: https://secwatch.observer/filing/0000071829-21-000136.json
- Plain text: https://secwatch.observer/filing/0000071829-21-000136.txt

## Key facts
- Executive change
  Paul L. Howes departed as Chief Executive Officer at NPK International Inc..
  - Action: retire
  - Role: Chief Executive Officer
  source text: Paul L. Howes, Chief Executive Officer of the Company, intends to retire on February 28, 2022 (the “Retirement Date”) as an officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/71829/000007182921000136/0000071829-21-000136-index.htm
- Executive change
  Matthew Lanigan was appointed as President and Chief Executive Officer at NPK International Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Matthew Lanigan, who currently serves as President and Chief Operating Officer of the Company, will become President and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/71829/000007182921000136/0000071829-21-000136-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.