Short answer
OIL STATES INTERNATIONAL, INC (OIS) filed an 8-K current report with the SEC on July 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Lloyd Hajdik’s severance formula amended effective July 9, 2026.
OIL STATES INTERNATIONAL, INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Lloyd Hajdik’s severance formula amended effective July 9, 2026
- Change-of-control termination within 24 months triggers lump sum severance at 3.0× salary plus target AICP
- Company-initiated termination without Cause outside that period triggers severance at 1.5× salary plus target AICP
- Amendment increases potential cash obligations during a change-of-control transaction
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