secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR ENERGY SERVICES INC (—)
CIK:        0000886835
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0000950170-24-114515
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886835/000095017024114515/0000950170-24-114515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886835/000095017024114515/spn-20241015.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-114515

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