Helmerich & Payne, Inc. (HP) 8-K Current Report: March 16, 2026
Filed: March 16, 2026
Energy
Drilling Oil & Gas WellsHelmerich & Payne, Inc. (HP) 8-K current report filed with SEC EDGAR on March 16, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.
Reported 8-K Items2 items
- Item 5.02: Departure/Election of Directors or Officers
- Item 7.01: Regulation FD Disclosure
Helmerich & Payne, Inc. 8-K Mar 16, 2026 Event Analysis
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
Other Helmerich & Payne, Inc. 8-K Filings
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