secwatch.observer — SEC 8-K summary
======================================

Issuer:     OCEANEERING INTERNATIONAL INC (OII)
CIK:        0000073756
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0000073756-26-000063
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oceaneering amends CEO change of control pact and adopts ELT severance plan
---------------------------------------------------------------------------

- CEO change of control agreement amended; severance conditioned on release of claims and restrictive covenants; outplacement for 24 months.
- Change of Control Plan amended: prorated short-term incentive based on actual performance (personal goals at target); outplacement 12 months.
- Executive Leadership Team Severance Plan adopted: severance of 1x (execs) or 2x (CEO) base salary plus target STI, prorated STI, equity vesting, COBRA.
- All severance benefits require execution of release of claims and compliance with non-compete, non-solicitation, non-disparagement, and confidentiality covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000063/0000073756-26-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73756/000007375626000063/oii-20260317.htm
  HTML page:      https://secwatch.observer/filing/0000073756-26-000063

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