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 June7, 2018, the board of directors (the “Board”) of OilStates International, Inc. (the “Company”) (i) voted to increase the size of the Board from nine to ten members and (ii) elected Darrell E. Hollek as a member of the Board to fill the resulting vacancy. The Company released a press release announcing the election of Mr.Hollek, which is attached hereto as Exhibit99.1. Mr.Hollek will be a Class III Director with an initial term expiring at the Company’s annual meeting of stockholders in May2019.
Mr.Hollek is the retired Executive Vice President, Operations of Anadarko Petroleum Corporation (“Anadarko”), an independent oil and natural gas exploration and production company with operations onshore and offshore the United States, and internationally in Africa and South America. His responsibilities included U.S. onshore exploration, production and midstream activities along with Gulf of Mexico and international operations. During his 38 year career at Anadarko, Mr.Hollek held a number of senior leadership positions, including Executive Vice President, U.S. Onshore Exploration and Production, Senior Vice President, Deepwater Americas Operations and Vice President of Gulf of Mexico and Worldwide Deepwater Operations.
Mr.Hollek holds a Bachelor of Science degree in Mechanical Engineering from Texas A&M University.
The Board has determined that Mr.Hollek 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.Hollek and any other person to which Mr.Hollek was selected to serve as a director of the Board. There are no relationships between Mr.Hollek and the Company or any of its subsidiaries that would require disclosure to Item404(a) of RegulationS‑K.
Mr.Hollek 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 ois20180611_ex991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Oil States Adds Darrell E. Hollek 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.
