Civeo appoints two directors, enters cooperation agreement with Engine Capital

Civeo Corp

Jeffrey B. Scofield (Class I) and Daniel B. Silvers (Class III) appointed to board effective Nov 26, 2025.
Board expands to 11 directors; two incumbents won't stand for reelection at 2026 AGM, reducing to 9.
Cooperation agreement with Engine Capital includes standstill, voting commitments, and expense reimbursement.
Each new director receives $75k annual retainer and initial restricted share award valued at $125k.
Scofield to serve on Audit and Finance & Investment Committees; Silvers on Compensation and ESG & Nominating.

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