Dril-Quip appoints Kyle McClure as CFO effective Jan 1, 2022

Innovex International, Inc.

Kyle McClure appointed VP & CFO effective Jan 1, 2022; previously CFO of Airswift and Frank's International.
Base salary of $400,000, sign-on bonus of $200,000, and initial equity grant of $1.7M (restricted stock & performance units).
James C. Webster (General Counsel) entered new employment agreement with base salary of $360,000, effective same date.
Both agreements provide severance multiples (1x salary without cause; 2x in change of control) with non-compete and non-solicit covenants.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Kyle F. McClure

Vice President and Chief Financial Officer

INVX · Innovex International, Inc.

Effective: 2022-01-01
Filed: December 3, 2021, 6:59 PM ET

Dril-Quip, Inc. (the “Company” or “Dril-Quip”) announced today that its Board of Directors (the “Board”) has appointed Kyle F. McClure as its Vice President and Chief Financial Officer, effective as of January 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kyle F. McClure was appointed as Vice President and Chief Financial Officer at Innovex International, Inc..

Action: appointed
Role: Vice President and Chief Financial Officer

Exact text from the filing

Dril-Quip, Inc. (the “Company” or “Dril-Quip”) announced today that its Board of Directors (the “Board”) has appointed Kyle F. McClure as its Vice President and Chief Financial Officer, effective as of January 1, 2022.

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Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-347934

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