secwatch.observer — SEC 8-K summary
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Issuer:     NOV Inc. (NOV)
CIK:        0001021860
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001193125-25-058311
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

NOV promotes Bayardo to President & COO, Reed to CFO effective March 17
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- Jose Bayardo promoted from SVP & CFO to President & COO effective March 17, 2025.
- Rodney Reed promoted from President of Process Flow Technologies to SVP & CFO same date.
- Bayardo's base salary increased to $850,000, target bonus 100% of salary, plus $1.15M LTIP award.
- Reed's base salary increased to $575,000, target bonus 85% of salary, plus $1.15M LTIP award.
- Changes part of long-term succession planning; Chairman & CEO Clay Williams commented on readiness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/0001193125-25-058311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/d842183d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-058311

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