Business Context and Reporting Period
This Form 8-K Current Report from Oil States International, Inc. (OIS) covers events occurring on March 19, 2026, and March 20, 2026. The filing primarily addresses significant executive leadership changes, specifically the retirement of the Chief Executive Officer and the appointment of successors for both the CEO and Chief Financial Officer roles, effective May 1, 2026.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and personnel transitions rather than financial performance data.
Material Changes
- CEO Departure: Cindy B. Taylor notified the Board of her intention to retire as President and CEO, effective May 1, 2026. She will also resign from the Board on the same date.
- CEO Succession: Lloyd A. Hajdik, currently Executive Vice President, CFO, and Treasurer, was appointed to succeed Ms. Taylor as CEO, effective May 1, 2026. He will also join the Board.
- CFO Succession: Matthew E. Autenrieth, currently Vice President of Finance and Assistant Treasurer, was appointed to succeed Mr. Hajdik as Executive Vice President, CFO, and Treasurer, effective May 1, 2026.
- Consulting Role: Ms. Taylor is expected to remain with the Company in a consulting capacity through October 31, 2026.
Guidance, Outlook, and Risks
The filing states that Ms. Taylor's retirement is not the result of any disagreement with the Company regarding operations, policies, or practices. No changes to the compensation arrangements for Mr. Hajdik or Mr. Autenrieth have been made at this time. The Company will enter into a standard indemnification agreement with Mr. Autenrieth. No specific financial guidance, outlook, or new risk factors were disclosed in this report.
Investor Verification Checklist
- Verify the effective date of the leadership transition (May 1, 2026) and the interim management structure.
- Review the upcoming consulting agreement terms for the retiring CEO, Cindy B. Taylor.
- Monitor future filings for any updates to compensation arrangements for the newly appointed CEO and CFO.
- Confirm the strategic continuity of the company under the new leadership team, given the internal promotion of both successors.