secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001590584-23-000111
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo extends SVP Canada retention date to Dec 31, 2024; guarantees full 2024 bonus if terminated without cause
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- Retention Date extended from June 30, 2024 to December 31, 2024 for Allan D. Schoening, SVP Canada.
- Full non-prorated target bonus for 2024 period guaranteed if terminated without Cause before new Retention Date.
- Amendment to Retention Commitment Agreement dated July 26, 2022 entered into on October 5, 2023.
- No change to base salary, equity, or other compensation terms disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058423000111/0001590584-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058423000111/cveo-20231005.htm
  HTML page:      https://secwatch.observer/filing/0001590584-23-000111

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