Newpark announces Chairman Tony Best to retire in May 2023; board cut, director pay down 15%

NPK International Inc.

Anthony J. Best, Chairman since 2018, to retire at May 2023 Annual Meeting after nine years on board.
Board size to decrease from eight to seven directors following Best's retirement.
Non-executive director total compensation reduced by approximately 15% effective January 1, 2023.
Retirement not due to any disagreement; Chairman succession plan not yet determined.

item 5.02 item 7.01 item 9.01 item 8.01

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Departed

Anthony J. Best

Chairman of the Board

NPKI · NPK International Inc.

Filed: December 2, 2022, 6:59 PM ET

Mr. Anthony J. Best informed the Corporate Secretary of Newpark on December 1, 2022 pursuant to Newpark’s Amended and Restated Bylaws that he does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders in May 2023 (the “Annual Meeting”) , but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony J. Best departed as Chairman of the Board at NPK International Inc..

Action: retire
Role: Chairman of the Board

Exact text from the filing

Mr. Anthony J. Best informed the Corporate Secretary of Newpark on December 1, 2022 pursuant to Newpark’s Amended and Restated Bylaws that he does not intend to stand for re-election at the Company's next Annual General Meeting of Stockholders in May 2023 (the “Annual Meeting”) , but instead intends to retire from the Board effective at the conclusion of the Annual Meeting.

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NPK International Inc. filing history →

Source: SEC EDGAR

accession 0000071829-22-000190

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