0001121484-18-000061.txt : 20180604 0001121484-18-000061.hdr.sgml : 20180604 20180604172809 ACCESSION NUMBER: 0001121484-18-000061 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180604 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180604 DATE AS OF CHANGE: 20180604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OIL STATES INTERNATIONAL, INC CENTRAL INDEX KEY: 0001121484 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 760476605 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16337 FILM NUMBER: 18879222 BUSINESS ADDRESS: STREET 1: THREE ALLEN CENTER STREET 2: 333 CLAY STREET, SUITE 4620 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-652-0582 MAIL ADDRESS: STREET 1: THREE ALLEN CENTER STREET 2: 333 CLAY STREET, SUITE 4620 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: OIL STATES INTERNATIONAL INC DATE OF NAME CHANGE: 20000808 8-K 1 ois20180604_8-k.htm 8-K Document
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
 
Form 8-K
____________________
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): June 4, 2018 (May 31, 2018)
 
Oil States International, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
 
1-16337
 
76-0476605
(State or other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
Three Allen Center, 333 Clay Street, Suite 4620, Houston, Texas 77002
 
Registrant’s telephone number, including area code: (713) 652-0582
 
Not Applicable
(Former name or former address if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
[   ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[   ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[   ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[   ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company [   ]
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

 




Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 31, 2018, the board of directors (the “Board”) of Oil States International, Inc. (the “Company”) elected Joe Wright as a member of the Board. The Company released a press release announcing the election of Mr. Wright, which is attached hereto as Exhibit 99.1. The election of Mr. Wright will fill a vacancy created earlier this year. Mr. Wright will be a Class II Director with an initial term expiring at the Company’s annual meeting of stockholders in May 2021.
Mr. Wright serves as a Director, Executive Vice President and Chief Operating Officer of Concho Resources Inc. (“Concho”). He has been with Concho since its formation in 2004 and has served as a director of Concho since 2017.
Since joining Concho, Mr. Wright has held a variety of leadership positions, including Senior Vice President and Chief Operating Officer and Vice President of Engineering and Operations. As Executive Vice President and Chief Operating Officer, Mr. Wright oversees Concho’s drilling and completion programs, as well as its government, regulatory affairs and human resources functions.
Prior to Concho, Mr. Wright was Vice President of Operations and Engineering of Concho Oil & Gas Corp. from its formation in 2001 until its sale in 2004. From 1997 to 2001, Mr. Wright was Vice President of Operations of Concho Resources Inc., a predecessor company to Concho. Mr. Wright has also worked in several operations, engineering and capital markets positions at Mewbourne Oil Company.
Mr. Wright holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University.
The Board has determined that Mr. Wright qualifies as an independent director and meets the independence requirements under Section 303A.02 of the New York Stock Exchange Listed Company Manual.
There are no understandings or arrangements between Mr. Wright and any other person pursuant to which Mr. Wright was selected to serve as a director of the Board. There are no relationships between Mr. Wright and the Company or any of its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K.
Mr. Wright will receive compensation for his services as director consistent with that provided to other non-management directors, as described the Company’s Definitive Proxy Statement for the 2018 Annual Meeting of Stockholders.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.



SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
OIL STATES INTERNATIONAL, INC.
 
 
 
 
 
 
 
Date:
June 4, 2018
 
By:
/s/  LLOYD A. HAJDIK
 
 
 
 
 
Lloyd A. Hajdik
 
 
 
 
 
Executive Vice President, Chief Financial Officer & Treasurer
 

EX-99.1 2 ois20180604_ex991.htm EXHIBIT 99.1 Exhibit


EXHIBIT 99.1

Oil States Adds Joe Wright to its Board

HOUSTON, June 04, 2018 – Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors elected Joe Wright as a member of its Board of Directors. Mr. Wright fills a vacancy created earlier this year and will serve as a Class II Director with an initial term expiring in May 2021.

“I’d like to welcome Joe to his new role as a Director of Oil States and look forward to the leadership and the strategic insight that he will bring to our Board. Joe brings extensive energy industry experience to Oil States which will provide meaningful benefits to our Company as we continue to focus on our long-term growth and success," said Cindy B. Taylor, Oil States' President and Chief Executive Officer.

About Joe Wright
Joe Wright serves as a Director, Executive Vice President and Chief Operating Officer of Concho Resources Inc. (“Concho”). He has been with Concho since its formation in 2004 and has served as a director of Concho since 2017.

Since joining Concho, Joe has held a variety of leadership positions, including Senior Vice President and Chief Operating Officer and Vice President of Engineering and Operations. As Executive Vice President and Chief Operating Officer, Joe oversees Concho’s drilling and completion programs, as well as its government, regulatory affairs and human resources functions.

Prior to Concho, Joe was Vice President of Operations and Engineering of Concho Oil & Gas Corp. from its formation in 2001 until its sale in 2004. From 1997 to 2001, Joe was Vice President of Operations of Concho Resources Inc., a predecessor company to Concho. Joe has also worked in several operations, engineering and capital markets positions at Mewbourne Oil Company.

Joe holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University.

About Oil States
Oil States International, Inc. is a global oilfield products and services company serving the drilling, completion, subsea, production and infrastructure sectors of the oil and gas industry. The Company’s manufactured products include highly engineered capital equipment as well as products consumed in the drilling, well construction and production of oil and gas. Through its recent acquisition of GEODynamics, Inc., the Company is also a leading researcher, developer and manufacturer of engineered solutions to connect the wellbore with the formation in oil and gas well completions. Oil States is headquartered in Houston, Texas with manufacturing and service facilities strategically located across the globe. Oil States is publicly traded on the New York Stock Exchange under the symbol “OIS”.

For more information on the Company, please visit Oil States International, Inc.’s website at www.oilstatesintl.com.

Forward Looking Statements
The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks and uncertainties relating to Oil States' ability to retain GEODynamics' and Falcon's customers and employees, the ability to successfully integrate GEODynamics' and Falcon's operations, product lines, technology and employees into Oil States' operations, and the ability to achieve the expected synergies as well as accretion in earnings; risks associated with the general nature of the energy service industry; and other factors discussed in the “Business” and “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, Quarterly Reports on Form 10-Q and Periodic Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.




Company Contact:
Lloyd A. Hajdik
Oil States International, Inc.
Executive Vice President, Chief Financial Officer and Treasurer
713-652-0582

Patricia Gil
Oil States International, Inc.
Director, Investor Relations
713-470-4860