secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2021-08-13T23:59:59+00:00
Accession:  0001193125-21-246057
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOW Inc. appoints Sonya Reed to board; Wayne Richards resigns
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- Sonya Reed, SVP HR/Comm at Phillips 66, elected independent director effective Aug 11, 2021.
- Reed received 15,094 restricted shares vesting in one year; board now 8 directors (7 independent).
- Wayne Richards resigned Aug 10, 2021 for personal reasons; no disagreement with company.
- Reed is Phillips 66 executive; $23M customer revenue in 2020 disclosed as not material.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312521246057/0001193125-21-246057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312521246057/d200266d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-246057

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