Newpark Resources promotes Matthew Lanigan to President and CEO effective March 1, 2022

NPK International Inc.

Matthew Lanigan succeeded Paul Howes as CEO on March 1, 2022, following planned succession.
Lanigan also appointed to the Board as non-independent director; will not serve on any committees.
Employment agreement: $725,000 base salary, annual bonus target 100% of base (0%-200% range).
Severance: if terminated without cause or for good reason, receives one year base salary plus target award.

item 5.02 item 9.01

Executive movements

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Role change

Matthew Lanigan

President and Chief Executive Officer

NPKI · NPK International Inc.

Effective: 2022-03-01
Filed: March 4, 2022, 6:59 PM ET

Matthew Lanigan, who had previously served as President and Chief Operating Officer of the Company, succeeded Mr. Howes and was promoted to the position of President and Chief Executive Officer effective March 1, 2022.

Departed

Paul L. Howes

Chief Executive Officer

NPKI · NPK International Inc.

Effective: 2022-02-28
Successor: Matthew Lanigan
Filed: March 4, 2022, 6:59 PM ET

effective February 28, 2022, Paul L. Howes retired as Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Lanigan changed role as President and Chief Executive Officer at NPK International Inc..

Action: promoted
Role: President and Chief Executive Officer

Exact text from the filing

Matthew Lanigan, who had previously served as President and Chief Operating Officer of the Company, succeeded Mr. Howes and was promoted to the position of President and Chief Executive Officer effective March 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul L. Howes retired as Chief Executive Officer at NPK International Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

effective February 28, 2022, Paul L. Howes retired as Chief Executive Officer of the Company.

View on SEC.gov

NPK International Inc. filing history →

Source: SEC EDGAR

accession 0000071829-22-000016

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