Dril-Quip names Jeffrey J. Bird CEO effective Jan 1, 2022; DeBerry steps down

Innovex International, Inc.

Blake DeBerry to resign as CEO and Board member effective Dec 31, 2021 after 10 years as CEO.
Jeffrey Bird (currently COO) appointed President and CEO, elected to Board effective Jan 1, 2022.
DeBerry receives $1.36M lump sum, continued benefits, accelerated vesting of restricted shares and performance units.
Non-compete covenant extended from 12 to 36 months post-termination; transition support through Dec 2023.
Bird's CEO compensation package to be determined in October 2021 by Compensation Committee.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Jeffrey J. Bird

President and Chief Executive Officer

INVX · Innovex International, Inc.

Effective: 2022-01-01
Filed: September 2, 2021, 7:59 PM ET

announced today that its Board of Directors has appointed Jeffrey J. Bird as its President and Chief Executive Officer, and elected him to its Board of Directors (the “Board”), both effective as of January 1, 2022 to succeed Blake T. DeBerry

Departed

Blake T. DeBerry

Chief Executive Officer

INVX · Innovex International, Inc.

Effective: 2021-12-31
Successor: Jeffrey J. Bird
Filed: September 2, 2021, 7:59 PM ET

Mr. DeBerry will continue to serve as Chief Executive Officer and as a member of the Board until December 31, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey J. Bird was appointed as President and Chief Executive Officer at Innovex International, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

announced today that its Board of Directors has appointed Jeffrey J. Bird as its President and Chief Executive Officer, and elected him to its Board of Directors (the “Board”), both effective as of January 1, 2022 to succeed Blake T. DeBerry

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Blake T. DeBerry departed as Chief Executive Officer at Innovex International, Inc..

Action: step down
Role: Chief Executive Officer

Exact text from the filing

Mr. DeBerry will continue to serve as Chief Executive Officer and as a member of the Board until December 31, 2021.

View on SEC.gov

Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-263447

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