Oil States International, Inc. (NYSE:OIS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May31, 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 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 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.
OIL STATES INTERNATIONAL, INC ExhibitEX-99.1 2 ois20180604_ex991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Oil States Adds Joe Wright to its BoardHOUSTON,…To view the full exhibit click here
About Oil States International, Inc. (NYSE:OIS)
Oil States International, Inc., through its subsidiaries, is a provider of specialty products and services to oil and natural gas companies throughout the world. The Company’s segments include offshore products and well site services. It designs and manufactures a number of products for the offshore energy industry through Offshore Products segments. The well site services segment includes a range of products and services that are used to drill for, establish and maintain the flow of oil and natural gas from a well throughout its life cycle. It operates in active oil and natural gas producing regions, including onshore and offshore United States, Canada, West Africa, the North Sea, South America and Southeast and Central Asia. Its customers include national oil companies, independent oil and natural gas companies, onshore and offshore drilling companies, and other oilfield service companies. It serves over two primary markets with its drilling services business.