Business Context and Reporting Period
This Form 8-K Current Report was filed by Oil States International, Inc. on February 23, 2021. The report discloses a material corporate event regarding the departure of a senior executive officer.
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 changes and does not contain financial statement data.
Material Changes
The primary material change reported is the departure of Chris Cragg, Executive Vice President, Operations. His employment with the Company will end effective March 1, 2021.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors beyond the operational impact of the executive departure. The report includes a press release as an exhibit but does not detail the strategic implications within the text provided.
Investor Verification Checklist
- Verify the effective date of Chris Cragg's departure (March 1, 2021).
- Confirm if a successor for the Executive Vice President, Operations role has been appointed.
- Review the attached press release (Exhibit 99.1) for additional context on the transition plan.
- Check subsequent filings for any impact on operational strategy or financial performance.