---
schema_version: "secwatch.filing_event.v1"
accession: "0000071829-22-000202"
form_type: "8-K"
ticker: "NPKI"
cik: "0000071829"
company_name: "NPK International Inc."
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:38:47.357206+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Newpark completes Gulf of Mexico exit transactions; repurchases 4.4M shares in Q4

## Summary
- Completed sale of completions fluids assets and 7-year sublease of Fourchon facility; received ~$6M in Q4, expects ~$25M from working capital wind-down.
- Repurchased 4.4M shares (4.7% of outstanding) for $17.6M in Q4 under existing share repurchase program.
- CEO: four divestitures should generate >$100M cash, including ~$80M in Q4, enabling debt reduction and shareholder returns.
- Plans to accelerate growth in utilities sector and continue returning excess cash to shareholders via additional buybacks.

## SEC filing metadata
- accession: 0000071829-22-000202
- form_type: 8-K
- ticker: NPKI
- cik: 0000071829
- company_name: NPK International Inc.
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/71829/000007182922000202/0000071829-22-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/71829/000007182922000202/nr-20221228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000071829-22-000202
- JSON: https://secwatch.observer/filing/0000071829-22-000202.json
- Plain text: https://secwatch.observer/filing/0000071829-22-000202.txt

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