Civeo CFO Carolyn Stone departs; receives $1.1M in cash severance and equity compensation

Civeo Corp

Cash severance of $690,467.32 plus supplemental $423,650 for forfeited phantom shares and performance awards.
COBRA medical/dental reimbursement for up to 12 months; outplacement services capped at $20,000.
Separation effective March 4, 2024; agreement includes release, confidentiality, non-solicitation, non-disparagement.

item 5.02

Executive movements

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Departed

Carolyn J. Stone

Senior Vice President, Chief Financial Officer and Treasurer

CVEO · Civeo Corp

Effective: 2024-03-04
Filed: March 13, 2024, 7:59 PM ET

that effective as of March 4, 2024 (the “Separation Date”), Carolyn J. Stone had departed the Company and was no longer serving as the Senior Vice President, Chief Financial Officer and Treasurer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Carolyn J. Stone departed as Senior Vice President, Chief Financial Officer and Treasurer at Civeo Corp.

Action: departed
Role: Senior Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

that effective as of March 4, 2024 (the “Separation Date”), Carolyn J. Stone had departed the Company and was no longer serving as the Senior Vice President, Chief Financial Officer and Treasurer of the Company.

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Civeo Corp filing history →

Source: SEC EDGAR

accession 0001590584-24-000051

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