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 July 26, 2017, the board of directors (the “Board”) of Oil States International, Inc. (the “Company”) elected Robert “Bob” L. Potter as a member of the Board. The Company released a press release announcing the election of Mr. Potter, which is attached hereto as Exhibit 99.1. The election of Mr. Potter will increase the size of the Board to nine members. Mr. Potter will be a Class III Director with an initialterm expiring at the Company’s annual meeting of stockholders in May 2019.
Mr. Potter is the retired President of FMC Technologies, Inc. (“FMC”), having held that position from August 2012 until his retirement in November 2013. Mr. Potter joined FMC in 1973 after his graduation from Rice University. He served in a number of sales, operations and management roles prior to his appointment in 2001 as Vice President of Energy Processing for FMC. He was appointed Senior Vice President of Energy Processing and Global Surface Wellhead in 2007 and Executive Vice President of Energy Systems in 2010.
Mr. Potter is a former chairman of the board for the Petroleum Equipment Suppliers Association (“PESA”) and a former member of the board of directors of the National Ocean Industries Association (“NOIA”). Mr. Potter is a current member of the Council of Overseers for the Jones Graduate School of Business at Rice University. Mr. Potter currently serves on the Board of Directors of Tidewater Inc.
Mr. Potter brings to the Board extensive experience in the energy and manufacturing industries.
The Board has determined that Mr. Potter qualifies as an independent director and meets the independence requirements under Section 303A.02 of the New York Stock Exchange Listed Company Manual. Mr. Potter has been appointed to serve on theAudit and Nominating & Corporate GovernanceCommittees.
There are no understandings or arrangements between Mr. Potter and any other person to which Mr.Potter was selected to serve as a director of the Board. There are no relationships between Mr. Potter and the Company or any of its subsidiaries that would require disclosure to Item 404(a)of Regulation S-K.
Mr. Potter 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 2017 Annual Meeting of Stockholders.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated as of July 26, 2017.
OIL STATES INTERNATIONAL, INC ExhibitEX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm Exhibit 99.1 July 26,…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.
