{"schema_version":"secwatch.filing_event.v1","accession":"0001688476-23-000147","form_type":"8-K","ticker":null,"cik":"0001688476","company_name":"NEXTIER OILFIELD SOLUTIONS INC.","filed_at":"2023-09-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.859981+00:00","generated_at":"2026-06-11T00:32:58.350942+00:00","sec_items":["1.02","2.01","3.01","3.03","5.03","5.01","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NexTier completes merger with Patterson-UTI; stock converted at 0.7520 ratio","bullets":["Eligible shares converted into 0.7520 shares of Patterson-UTI common stock per share.","All outstanding ABL and Term Loan credit agreements terminated and repaid in full; liens released.","Company became wholly owned subsidiary of Patterson-UTI effective Sept 1, 2023.","NYSE listing withdrawn; shares ceased trading prior to market open on Sept 1, 2023.","All directors and named executive officers resigned; transaction bonus of $275,000 to Kevin McDonald with extended non-compete."],"urls":{"canonical":"https://secwatch.observer/filing/0001688476-23-000147","json":"https://secwatch.observer/filing/0001688476-23-000147.json","markdown":"https://secwatch.observer/filing/0001688476-23-000147.md","text":"https://secwatch.observer/filing/0001688476-23-000147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1688476/000168847623000147/0001688476-23-000147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1688476/000168847623000147/frac-20230901.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T00:32:58.350942+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b24bb71f1","claim":"Oladipo Iluyomade resigned as Principal Accounting Officer at NEXTIER OILFIELD SOLUTIONS INC..","evidence_excerpt":"ceased his respective service as an officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1688476/000168847623000147/0001688476-23-000147-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Principal Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"2e4c473418","claim":"Matthew R. 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}