Dril-Quip appoints Jeffrey Bird CEO effective Jan 1, 2022; base salary $600K; term to Dec 2024

Innovex International, Inc.

Jeffrey Bird to become President and CEO effective Jan 1, 2022, succeeding Blake T. DeBerry.
Employment agreement provides base salary of $600,000, annual bonus eligibility, and standard benefits.
Severance: 2x salary without cause (non-COC); 3x salary plus bonus and equity vesting with COC.
Non-competition and non-solicitation covenants for 12 months post-termination.
Initial term through Dec 31, 2024, with automatic one-year renewals unless notice given.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeffrey Bird

Director

INVX · Innovex International, Inc.

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

the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey 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

Appointed

Jeffrey Bird

President and Chief Executive Officer

INVX · Innovex International, Inc.

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

the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey 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, who will step down at that time.

Departed

Blake T. DeBerry

President and Chief Executive Officer

INVX · Innovex International, Inc.

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

both effective as of January 1, 2022 to succeed Blake T. DeBerry, who will step down at that time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Bird was elected as Director at Innovex International, Inc..

Action: elected
Role: Director

Exact text from the filing

the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey 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

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey 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

the Board of Directors (the “Board”) of the Company approved the appointment of Jeffrey 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, who will step down at that time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: step down
Role: President and Chief Executive Officer

Exact text from the filing

both effective as of January 1, 2022 to succeed Blake T. DeBerry, who will step down at that time.

View on SEC.gov

Innovex International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-347935

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