secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001193125-21-347934
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 appoints Kyle McClure as CFO effective Jan 1, 2022
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521347934/0001193125-21-347934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521347934/d218298d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-347934

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