---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000012"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2023-01-03T23:59:59+00:00"
generated_at: "2026-06-20T21:11:27.569965+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-000012
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2023-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000095017023000012/0000950170-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000095017023000012/pten-20230101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000012
- JSON: https://secwatch.observer/filing/0000950170-23-000012.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000012.txt

## Key facts
- Executive change
  James M. Holcomb was appointed as Chief Operating Officer at PATTERSON UTI ENERGY INC.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On January 1, 2023, Patterson-UTI Energy, Inc. (“Patterson-UTI”) appointed James M. Holcomb, 60, as the Chief Operating Officer of Patterson-UTI.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889900/000095017023000012/0000950170-23-000012-index.htm

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