secwatch.observer — SEC 8-K summary
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Issuer:     HELIX ENERGY SOLUTIONS GROUP INC (HLX)
CIK:        0000866829
Form:       8-K
Filed at:   2026-09-04T20:21:50+00:00
Accession:  0001193125-26-383687
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hornbeck post-merger sets CEO comp: $875k salary, up to 1.5M PSUs
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- CEO Todd Hornbeck gets 5-yr deal: $875k base, 140% target bonus, $4.5M LTI, auto benefit.
- PSU grant up to 1.5M shares: 500k on $75M synergies by 2029, up to 1M on $14-$20 stock price.
- EVP agreements: $400k-$500k base, 100% target bonus, 5-yr terms; Giberga to May 2027.
- 2026 Inducement Plan reserves 1.5M shares, adopted without shareholder approval under NYSE Rule 303A.08.
- Director comp: $100k retainer, $175k RSUs; special $325k grants to Transier and Jindal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866829/000119312526383687/0001193125-26-383687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866829/000119312526383687/d117247d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-383687

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