secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K/A
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001193125-21-347935
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521347935/0001193125-21-347935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312521347935/d271301d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-347935

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