Tesco Corporation (NASDAQ:TESO) 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.
Resignation of Thomas B Sloan, Jr.
Thomas B Sloan, Jr., Vice President, Corporate Controller, and Principal Accounting Officer of Tesco Corporation (the "Company"), tendered his resignation on July 3, 2017 to be effective July 14, 2017. The resignation was not related to any disagreements with the Company on any matter relating to its operations, policies, practices or any issues regarding financial disclosures, accounting, or legal matters.
The Company intends to appoint a permanent Corporate Controller and Principal Accounting Officer as soon as practicable. Christopher L. Boone, the Company’s Senior Vice President and Chief Financial Officer, will fulfill the duties of the Corporate Controller and Principal Accounting Officer until a permanent officer is named.
About Tesco Corporation (NASDAQ:TESO)
Tesco Corporation is engaged in designing, assembly and service delivery of technology-based solutions for the upstream energy industry. The Company’s product and service offerings consist primarily of equipment sales and services to drilling contractors, and exploration and production companies around the world. The Company operates through four segments: Top Drives, Tubular Services, Research & Engineering, and Corporate and Other. The Company’s Top Drive segment includes top drive sales, top drive rentals and after-market sales and services. Its Tubular Services segment includes automated and conventional tubular services. Its Research and Engineering segment includes internal research and development activities related to its automated tubular services and top drive model development, as well as the Casing Drilling technology prior to the sale.
