Business Context and Reporting Period
This Form 8-K is a current report filed by Oil States International, Inc. on July 16, 2019, regarding events that occurred on July 12, 2019. The filing pertains to corporate governance changes rather than financial performance reporting.
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 the election of a new director and does not contain financial statement data.
Material Changes
The material change reported is the election of Hallie A. Vanderhider to the Board of Directors to fill a vacancy. She was appointed as a Class III Director with a term expiring in May 2022 and was appointed to the Audit Committee. The Board determined she qualifies as an independent director and a financial expert.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. Ms. Vanderhider will receive compensation consistent with other non-management directors as described in the 2019 Definitive Proxy Statement.
Investor Verification Checklist
- Verify the full biographical background of Hallie A. Vanderhider, including her roles at SFC Energy Partners, Catalyst Partners LLC, and Black Stone Minerals.
- Review the attached Press Release (Exhibit 99.1) for additional details on the Board's rationale.
- Consult the 2019 Definitive Proxy Statement to confirm the specific compensation structure for non-management directors.
- Confirm the independence and financial expert status determinations made by the Board.