---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-22-000103"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2022-08-01T23:59:59+00:00"
generated_at: "2026-06-24T06:29:17.669441+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Civeo enters retention agreement with SVP Canada Allan Schoening through June 2024 with enhanced severance

## Summary
- Agreement provides lump sum base salary (CAD $510k) through June 30, 2024 if terminated without cause before that date.
- Also includes lump sum target bonuses (70% of base) for remaining periods and pro-rata 2024 bonus, plus accelerated equity vesting.
- Performance-based equity awards remain outstanding and vest based on actual performance over full period.
- If terminated after June 30, 2024, may enter consulting role; termination without cause triggers full equity acceleration.
- Letter cites 'strategic initiatives' and importance of Schoening's contributions in coming months.

## SEC filing metadata
- accession: 0001590584-22-000103
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2022-08-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000103/0001590584-22-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000103/cveo-20220726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-22-000103
- JSON: https://secwatch.observer/filing/0001590584-22-000103.json
- Plain text: https://secwatch.observer/filing/0001590584-22-000103.txt

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