CFO James Spexarth to resign by Dec 31, 2024; receives ~$1.87M severance plus accelerated retention bonus

SUPERIOR ENERGY SERVICES INC

James Spexarth, EVP, CFO and Treasurer, intends to resign effective no later than December 31, 2024, to pursue other opportunities.
Departure is not related to any disagreements over financial disclosures, accounting matters, or other business issues.
Severance includes lump sum of ~$1.87M (two times salary plus target bonus) plus pro-rated target bonus, subject to waiver and release.
Spexarth receives acceleration of previously granted retention bonus of $772,481; will forfeit all unvested restricted stock units.

item 5.02

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Departed

James Spexarth

Executive Vice President, Chief Financial Officer and Treasurer

SUPERIOR ENERGY SERVICES INC

Effective: 2024-12-31
Filed: October 15, 2024, 7:59 PM ET

On October 15, 2024 Superior Energy Services, Inc. (the “ Company ”) announced that James Spexarth, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, intends to resign from all positions with the Company effective no later than December 31, 2024

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Executive change SEC 8-K Item 5.02 confidence 0.95

James Spexarth departed as Executive Vice President, Chief Financial Officer and Treasurer at SUPERIOR ENERGY SERVICES INC.

Action: resign
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On October 15, 2024 Superior Energy Services, Inc. (the “ Company ”) announced that James Spexarth, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, intends to resign from all positions with the Company effective no later than December 31, 2024

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Source: SEC EDGAR

accession 0000950170-24-114515

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