secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2021-09-02T23:59:59+00:00
Accession:  0001193125-21-263447
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521263447/0001193125-21-263447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521263447/d184205d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-263447

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