---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-22-000058"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2022-04-07T23:59:59+00:00"
generated_at: "2026-06-26T08:48:52.597440+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Conversant Capital buys ~958k Civeo shares from Torgerson affiliates; ROFR on escrow shares

## Summary
- Conversant Capital purchased 958,475 Civeo common shares from entities affiliated with Lance Torgerson under a Stock Purchase Agreement.
- Torgerson retains 750,000 escrow shares; 375,000 released June 2022 subject to right of first refusal by Civeo then Conversant until April 2023.
- Torgerson also holds 9,042 Class A preferred shares that mandatorily convert to ~2.5M common shares in April 2023, not subject to ROFR.
- Civeo waived certain transfer restrictions to facilitate the sale and welcomes Conversant as a new shareholder.
- Conversant's founder cited Civeo's capital allocation, debt repayment, and position in natural resources as investment rationale.

## SEC filing metadata
- accession: 0001590584-22-000058
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2022-04-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000058/0001590584-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000058/cveo-20220404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-22-000058
- JSON: https://secwatch.observer/filing/0001590584-22-000058.json
- Plain text: https://secwatch.observer/filing/0001590584-22-000058.txt

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