8-K
filed June 4, 2026, 4:58 PM ET
ticker PTEN
CIK 0000889900
other material
confidence high
sentiment neutral
materiality 0.70
Patterson-UTI redeems $482.5M of 3.95% notes, shareholders approve 28.9M share increase in LTIP
PATTERSON UTI ENERGY INC
- Redeemed all $482.5M of 3.95% Senior Notes due 2028 at par plus accrued interest.
- Redemption funded with proceeds from $500M of 6.050% Senior Notes due 2036 issued May 19, 2026.
- Stockholders approved amendment to 2021 LTIP, increasing share authorization by 28.9 million shares.
- All ten director nominees elected; PricewaterhouseCoopers ratified as auditor for FY 2026.
- Advisory say-on-pay passed with ~93% of votes cast in favor.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATTERSON UTI ENERGY INC shareholders approved Election of ten directors to the Company's Board of Directors at the 2026-06-04 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-06-04
Exact text from the filing
To elect ten directors to the Company’s Board of Directors to serve until the next annual meeting of the stockholders or until their respective successors are elected and qualified.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATTERSON UTI ENERGY INC shareholders approved To ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. at the 2026-06-04 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-06-04
Exact text from the filing
To ratify the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATTERSON UTI ENERGY INC shareholders approved To approve an amendment to the Patterson-UTI Energy, Inc. 2021 Long-Term Incentive Plan. at the 2026-06-04 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2026-06-04
Exact text from the filing
To approve an amendment to the Patterson-UTI Energy, Inc. 2021 Long-Term Incentive Plan.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATTERSON UTI ENERGY INC shareholders approved To cast a vote to approve, on an advisory basis, the Company’s compensation of its named executive officers as set forth in the proxy statement for the Annual Meeting. at the 2026-06-04 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2026-06-04
Exact text from the filing
To cast a vote to approve, on an advisory basis, the Company’s compensation of its named executive officers as set forth in the proxy statement for the Annual Meeting.
View on SEC.gov
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