Business Context and Reporting Period
Company: Oil States International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 9, 2026
Subject: Amendment to the Executive Agreement for President and CEO Lloyd A. Hajdik regarding severance benefits.
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing reports a material change to the compensation structure for the Chief Executive Officer, Lloyd A. Hajdik, effective July 9, 2026. The amendment restructures severance calculations for qualifying termination events:
- Post-Change of Control Termination: If terminated without "Cause" or resigns for "Good Reason" within 24 months following a "Change of Control," the severance is a lump sum equal to 3.0 times the sum of Termination Base Salary and Target AICP.
- Standard Termination: If terminated without "Cause" outside the 24-month post-Change of Control window, the severance is a lump sum equal to 1.5 times the sum of Termination Base Salary and Target AICP.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on business outlook, or discussion of general corporate risks. The primary contingency noted is the potential financial obligation triggered by specific termination events under the amended agreement.
Investor Verification Checklist
- Review the full text of the Amendment to Executive Agreement (Exhibit 10.1) for precise definitions of "Cause," "Good Reason," and "Change of Control."
- Verify the current values of Mr. Hajdik's Termination Base Salary and Target AICP to calculate potential severance liabilities.
- Confirm if this amendment impacts the company's total compensation expense or requires shareholder approval under existing bylaws.