{"schema_version":"secwatch.filing_event.v1","accession":"0001537028-23-000012","form_type":"8-K","ticker":null,"cik":"0001537028","company_name":"Independence Contract Drilling, Inc.","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.488043+00:00","generated_at":"2026-06-18T15:06:34.032364+00:00","sec_items":["5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Independence Contract Drilling increases CEO severance multiple to 3.0x; adopts amended bylaws","bullets":["CEO J. Anthony Gallegos severance multiple raised from 2.5x to 3.0x upon change of control.","Three other executives (Dalrymple, Keller, Kokenes) severance multiples increased from 1.0x to 1.5x.","Board adopted Third Amended and Restated Bylaws with enhanced stockholder nomination disclosure and virtual meeting provisions.","Bylaws also add lead director authority, officer scope defaults, and emergency provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001537028-23-000012","json":"https://secwatch.observer/filing/0001537028-23-000012.json","markdown":"https://secwatch.observer/filing/0001537028-23-000012.md","text":"https://secwatch.observer/filing/0001537028-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1537028/000153702823000012/0001537028-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1537028/000153702823000012/icd-20230228x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T15:06:34.032364+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5ba6821028591a8b9d66d5b0b8dff699583dc6a","claim":"Independence Contract Drilling, Inc.: Amended and restated bylaws to add requirements for stockholder director nominations, virtual meeting provisions, lead director authority, emergency bylaws, and other changes (effective 2023-02-28).","evidence_excerpt":"On February 28, 2023, the Board of the Company approved and adopted a Third Amended and Restated Bylaws (the “Amended and Restated Bylaws”), which became effective the same day. Among other things, the amendments effected by the Amended and Restated Bylaws: ● Add additional notice disclosure and other requirements with respect to other persons proposed by stockholders for nomination as a director; ​ ● Add additional notice disclosure and other requirements with respect to stockholders either proposing persons for nomination as a director or other business at an annual meeting of stockholders; ​ ● Add authorities in connection with the designation of a lead director, if applicable; ​ ● Add updates in connection with virtual meetings of stockholders permitted under applicable Delaware law; ​ ● Add default scopes of authorities of certain officers to be applicable in the absence of other board designations; and ​ ● Add emergency bylaw provisions to be operative in the event of an emergenc","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1537028/000153702823000012/0001537028-23-000012-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}