---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-288885"
form_type: "8-K"
ticker: "NOV"
cik: "0001021860"
company_name: "NOV Inc."
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T17:50:54.419278+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NOV CEO Clay Williams to retire Jan 1, 2026; Jose Bayardo to succeed as Chairman, President & CEO

## Summary
- Clay Williams steps down as Chairman and CEO effective Jan 1, 2026, remaining in advisory role until Feb 28, 2026.
- Jose Bayardo, currently President and COO, appointed Chairman, President, and CEO effective Jan 1, 2026.
- Bayardo's base salary increased to $950,000; target bonus raised to 125% of base salary effective Jan 1, 2026.
- Williams' retirement is not due to any disagreement with the Board or company operations.
- Bayardo previously served as CFO (2015-2025) and joined NOV from Continental Resources.

## SEC filing metadata
- accession: 0001193125-25-288885
- form_type: 8-K
- ticker: NOV
- cik: 0001021860
- company_name: NOV Inc.
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021860/000119312525288885/0001193125-25-288885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021860/000119312525288885/nov-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-288885
- JSON: https://secwatch.observer/filing/0001193125-25-288885.json
- Plain text: https://secwatch.observer/filing/0001193125-25-288885.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.