Short answer
Helmerich & Payne, Inc. (HP) filed an 8-K current report with the SEC on March 16, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). CFO J. Kevin Vann retiring June 30, 2026; VP Corporate Finance & Treasurer Todd Scruggs, 50, named successor effective July 1, 2026.
Helmerich & Payne, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO J. Kevin Vann retiring June 30, 2026; VP Corporate Finance & Treasurer Todd Scruggs, 50, named successor effective July 1, 2026
- Scruggs' base salary set at $475,000 with 90% target bonus ($427,500) beginning July 1, 2026
- Vann stays as Senior Advisor through Dec 31, 2026 at $309,000 annual salary, plus one-time $750,000 transition bonus ($500K post-June 30, $250K upon final departure)
- Vann continues vesting outstanding equity awards during advisory period: no new equity grants expected
- Scruggs brings energy-sector finance depth: former Treasurer and VP Corp Dev at WPX Energy, VP Biz Dev at Devon Energy post-merger
Item 7.01 · Regulation FD Disclosure
- Reg FD disclosure via press release (Exhibit 99.1): full details require reviewing attached exhibit
- HP using Reg FD channel signals market-sensitive operational or financial update requiring broad simultaneous disclosure
- Investors should review Exhibit 99.1 directly for material specifics on the disclosed event
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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