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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 12, 2019, the board of directors (the “Board”) of Oil States International, Inc. (the “Company”) elected Hallie A. Vanderhider as a member of the Board to fill a vacancy. Ms. Vanderhider has been appointed as a Class III Director with an initial term expiring at the Company’s annual meeting of stockholders in May 2022. The Company released a press release announcing the election of Ms. Vanderhider and appointment to the Company\’s Audit Committee, which is attached hereto as Exhibit 99.1.
Ms. Vanderhider is currently Managing Director with SFC Energy Partners, a private equity firm headquartered in Denver. Prior to joining SFC Energy Partners, Hallie served as Managing Partner of Catalyst Partners LLC, a merchant banking firm providing financial advisory and capital services to the energy and technology sectors. She served for ten years as President, Chief Operating Officer and member of the board of Black Stone Minerals Company, L.P., where prior to becoming President in 2007, she served as Executive Vice President and Chief Financial Officer. Prior to Black Stone, Hallie served as Chief Financial Officer for EnCap Investments. Before joining EnCap, Ms. Vanderhider served as Chief Accounting Officer of Damson Oil Corp. Ms. Vanderhider is presently a member of the Board of Directors of Noble Midstream Partners LP and EQT Corporation.
The Board has determined that Ms. Vanderhider qualifies as an independent director and meets the independence requirements under Section 303A.02 of the New York Stock Exchange Listed Company Manual. Additionally, the Board has determined that Ms. Vanderhider qualifies as a financial expert under the applicable Securities and Exchange Commission regulations, and satisfies NYSE requirements for accounting or related financial management expertise.
There are no understandings or arrangements between Ms. Vanderhider and any other person to which Ms. Vanderhider was selected to serve as a director of the Board. There are no relationships between Ms. Vanderhider and the Company or any of its subsidiaries that would require disclosure to Item 404(a) of Regulation S‑K or Rule 10A‑3 under the Securities Exchange Act of 1934, as amended.
Ms. Vanderhider will receive compensation for her services as director consistent with that provided to other non-management directors, as described the Company’s Definitive Proxy Statement for the 2019 Annual Meeting of Stockholders.
Item 9.01. Financial Statements and Exhibits.
99.1 Press Release dated as of July 16, 2019
OIL STATES INTERNATIONAL, INC Exhibit
EX-99.1 2 ois20190716_ex991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Oil States Adds Hallie A. Vanderhider to its BoardHOUSTON,…
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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.
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