secwatch.observer — SEC 8-K summary
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Issuer:     NPK International Inc. (NPKI)
CIK:        0000071829
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0000071829-22-000190
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 7.01, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71829/000007182922000190/0000071829-22-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71829/000007182922000190/nr-20221201.htm
  HTML page:      https://secwatch.observer/filing/0000071829-22-000190

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