secwatch.observer — SEC 8-K summary
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Issuer:     PATTERSON UTI ENERGY INC (PTEN)
CIK:        0000889900
Form:       8-K
Filed at:   2026-06-04T20:58:44+00:00
Accession:  0000889900-26-000044
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patterson-UTI redeems $482.5M of 3.95% notes, shareholders approve 28.9M share increase in LTIP
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889900/000088990026000044/0000889900-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889900/000088990026000044/pten-20260604.htm
  HTML page:      https://secwatch.observer/filing/0000889900-26-000044

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