HELMERICHINC. (NYSE:HP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

Effective March1, 2017, the Board of Directors of Helmerich
Payne,Inc. (the Company), upon the recommendation of the
Nominating and Corporate Governance Committee of the Board of
Directors, appointed Kevin G. Cramton and Jos R. Mas as new
directors of the Company. Mr.Cramton has also been appointed to
serve on the Audit and Nominating and Corporate Governance
Committees of the Board of Directors. Mr.Mas has been appointed
to also serve on the Human Resources and Nominating and Corporate
Governance Committees of the Board of Directors.

As non-employee directors of the Company, Messrs.Cramton and Mas
will receive the same standard compensation provided to all
non-employee members of the Board of Directors. As such,
Messrs.Cramton and Mas will receive (a)an annual cash retainer
fee of $100,000, and (b)an annual award (under the Helmerich
Payne,Inc. 2016 Omnibus Incentive Plan) of restricted stock and
an option to purchase shares of our common stock with a combined
value of approximately $180,000 on the date of grant. Also, as a
member of the Audit Committee, Mr.Cramton will receive a
quarterly retainer of $1,250. In conjunction with their
appointment, Messrs.Cramton and Mas each received an initial
award of 1,312 restricted shares and an option to purchase 5,242
shares of our common stock at an exercise price of $69.91. The
equity grants vest one year from the date of grant.

Item 7.01 Regulation FD
Disclosure.

On March7, 2017, the Company issued a press release announcing
the appointment of Messrs.Cramton and Mas as new directors. The
press release is attached as Exhibit99.1 to this Current Report
on Form8-K.

This information is being furnished to Item7.01 of this Current
Report on Form8-K and shall not be deemed to be filed for the
purposes of Section18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that Section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.

Item 9.01 Financial Statements and
Exhibits.

(d) The following exhibit is furnished herewith:

About HELMERICH & PAYNE, INC. (NYSE:HP)

Helmerich & Payne, Inc. is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology. Its real estate investments are located within Tulsa, Oklahoma, and include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately one million leasable square feet and approximately 210 acres of undeveloped real estate. The Company provides drilling rigs, equipment, personnel and camps on a contract basis. The Company’s subsidiaries include Helmerich & Payne International Drilling Co. and Helmerich & Payne de Venezuela, C.A.

HELMERICH & PAYNE, INC. (NYSE:HP) Recent Trading Information

HELMERICH & PAYNE, INC. (NYSE:HP) closed its last trading session down -0.89 at 68.85 with 1,291,917 shares trading hands.