Patterson-UTI names James Holcomb COO, promotes Mike Garvin to President of Drilling unit

PATTERSON UTI ENERGY INC

Holcomb appointed COO effective Jan 1, 2023; base salary $500K, 3-year employment agreement.
2023 long-term incentive target set at $1.5M; annual bonus target 100% of base salary.
Mike Garvin promoted to President of Patterson-UTI Drilling Company LLC.
Holcomb has over 35 years of drilling experience and previously served as President of Drilling unit.

item 5.02 item 7.01 item 9.01

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Appointed

James M. Holcomb

Chief Operating Officer

PTEN · PATTERSON UTI ENERGY INC

Effective: 2023-01-01
Filed: January 3, 2023, 6:59 PM ET

On January 1, 2023, Patterson-UTI Energy, Inc. (“Patterson-UTI”) appointed James M. Holcomb, 60, as the Chief Operating Officer of Patterson-UTI.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James M. Holcomb was appointed as Chief Operating Officer at PATTERSON UTI ENERGY INC.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On January 1, 2023, Patterson-UTI Energy, Inc. (“Patterson-UTI”) appointed James M. Holcomb, 60, as the Chief Operating Officer of Patterson-UTI.

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PATTERSON UTI ENERGY INC filing history →

Source: SEC EDGAR

accession 0000950170-23-000012

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