Business Context and Reporting Period
This Form 8-K Current Report was filed by Oil States International, Inc. on December 10, 2013, covering events occurring on December 9, 2013. The filing primarily addresses executive leadership changes within the company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and departures rather than financial performance data.
Material Changes
- Appointment: Lloyd A. Hajdik was appointed Senior Vice President, Chief Financial Officer, and Treasurer, effective December 9, 2013.
- Resignation: Bradley Dodson resigned as Senior Vice President, Chief Financial Officer, and Treasurer, effective December 9, 2013.
- Transition Role: Mr. Dodson will serve as Executive Vice President, Accommodations until the completion of the proposed spin-off of the company's accommodations business. Upon completion, he is scheduled to become President and Chief Executive Officer of the new public company.
Management Commentary and Background
Mr. Hajdik brings significant industry experience, having previously served as CFO of GR Energy Services, LLC (September to November 2013) and Senior Vice President – Finance and Chief Accounting Officer of Helix Energy Solutions Group, Inc. (November 2008 to April 2013). His background includes roles at NL Industries, Compaq, Halliburton, Cliffs Drilling, Shell Oil, and Ernst & Young LLP. He is a Certified Public Accountant.
Investor Verification Checklist
- Verify the official press release (Exhibit 99.1) for details on the transition timeline.
- Monitor future filings regarding the status and expected completion date of the accommodations business spin-off.
- Confirm the specific start date for Mr. Dodson's role as CEO of the new public entity.