Civeo Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Civeo Corp on October 27, 2016. The report addresses a specific corporate governance action regarding employee compensation plans rather than providing periodic financial results.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report on a specific event and does not contain financial statements.
Material Changes
On October 27, 2016, the Board of Directors approved the termination of the Civeo Corporation Deferred Compensation Plan (DCP). This action is effective as of the report date.
Outlook, Risks, and Unusual Items
In accordance with the DCP terms and Section 409A of the Internal Revenue Code, the Company will distribute all amounts previously deferred under the plan to participants. The distribution period is scheduled to begin on October 27, 2017, and end on October 27, 2018. No other risks, contingencies, or unusual items are disclosed in this filing.
Key Facts for Investor Verification
- The Deferred Compensation Plan was terminated effective October 27, 2016.
- All deferred amounts will be distributed to participants between October 27, 2017, and October 27, 2018.
- The filing contains no financial performance data for the period.