Business Context and Reporting Period
This Form 8-K Current Report was filed by Oil States International, Inc. on May 17, 2011. The filing addresses a corporate governance event regarding the composition of the Board of Directors' Audit Committee.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of an "Other Event" and contains no financial performance data.
Material Changes
On May 17, 2011, Douglas Swanson resigned from the Audit Committee of Oil States International, Inc. The Board of Directors elected not to fill the vacancy created by Mr. Swanson's resignation. The remaining members, James Nelson, Chris Seaver, and William Van Kleef (chairman), will continue to serve.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific event of the committee member's resignation.
Key Facts for Investor Verification
- Douglas Swanson resigned from the Audit Committee on May 17, 2011.
- The Board decided not to appoint a replacement for the vacancy.
- The Audit Committee will continue with three members: James Nelson, Chris Seaver, and William Van Kleef.
- No financial data or operational updates are included in this specific filing.