secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K/A
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0000071829-22-000016
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182922000016/0000071829-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182922000016/nr-20210817.htm
  HTML page:      https://secwatch.observer/filing/0000071829-22-000016

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