Business Context and Reporting Period
This Form 8-K Current Report was filed by Oil States International, Inc. on November 2, 2009. The report addresses corporate governance changes within the company's Offshore Products division.
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 statements or performance data.
Material Changes
The primary material change reported is the departure of a senior executive and the appointment of a successor:
- Departure: Howard Hughes, Senior Vice President of Offshore Products, notified the company of his retirement effective December 31, 2009.
- Appointment: Charles Moses has been named President of the offshore products business, effective upon Mr. Hughes' retirement. It is expected Mr. Moses will also be appointed Senior Vice President, Offshore Products.
- Background: Mr. Moses has served the company for 37 years and was previously named Senior Vice President of the offshore products business in 1996.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, future outlook, management commentary on market conditions, or specific risk factors. The document contains no discussion of contingencies or unusual items beyond the executive transition.
Key Facts for Investor Verification
- Confirm the effective date of Howard Hughes' retirement (December 31, 2009).
- Verify the final title and compensation package for Charles Moses upon his appointment.
- Assess the impact of this leadership transition on the Offshore Products division's strategic direction.