8-K
Noble Corp plc (NE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): November 22, 2023
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NOBLE CORPORATION plc
(Exact name of registrant as specified in its charter)
| England and Wales | 001-41520 | 98-1644664 | ||||||
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| (State or other jurisdiction of incorporation) | (Commission file number) | (I.R.S. employer identification no.) | 13135 Dairy Ashford, | Suite 800, | Sugar Land, | Texas | 77478 | |
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| (Address of principal executive offices) | (Zip code) |
Registrant’s telephone number, including area code: 281 276-6100
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions | ||||
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||
| --- | --- | ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
|---|---|---|---|---|
| A Ordinary Shares, par value $0.00001 per share | NE | New York Stock Exchange | ||
| Tranche 1 Warrants of Noble Corporation plc | NE WS | New York Stock Exchange | ||
| Tranche 2 Warrants of Noble Corporation plc | NE WSA | New York Stock Exchange | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). | |
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Emerging growth company ☐
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | |||
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| Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |||
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| On November 22, 2023, Noble Corporation plc (the “Company”) increased the size of the board of directors of the Company (the "Board") from seven to eight members and appointed Mr. H. Keith Jennings as a director to fill the vacancy resulting from that increase. Mr. Jennings was also appointed as a member and the chair of the Audit Committee of the Board. | |||
| Mr. Jennings served as Executive Vice President and Chief Financial Officer of Weatherford International from September 2020 to August 2022, Executive Vice President and Chief Financial Officer of Calumet Specialty Products Partners from October 2019 to August 2020, Vice President, Finance of Eastman Chemical Company from 2018 to 2019, Vice President & Treasurer of Eastman Chemical Company from 2016 to 2018 and Vice President & Treasurer of Cameron International from 2009 to 2016. Mr. Jennings holds a Bachelor of Commerce from the University of Toronto and an MBA from Columbia University and is a Chartered Professional Accountant. He currently serves on the board of 5E Advanced Materials, Inc. | |||
| Mr. Jennings will receive the same compensation as other non-employee directors, which will be prorated for his service in 2023. The Company’s director compensation program is described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2023. | |||
| There are no material agreements, understandings or arrangements between Mr. Jennings and any other person pursuant to which Mr. Jennings was selected to serve as a director of the Company. There are no family relationships between Mr. Jennings and any director or officer of the Company or any person nominated or chosen by the Company to become a director or executive officer and there are no transactions in which Mr. Jennings has an interest that would require disclosure pursuant to Item 404(a) of Regulation S-K of the Securities Exchange Act of 1934, as amended. | Item 9.01. Financial Statements and Exhibits. | ||
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| (d) Exhibits | |||
| EXHIBIT | |||
| NUMBER | DESCRIPTION | ||
| Exhibit 99.1 | Press Release issued by Noble Corporation plc datedNovember 22, 2023 | ||
| Exhibit 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURES
| Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | |||
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| NOBLE CORPORATION plc | |||
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| Date: | November 22, 2023 | By: | /s/ Jennie Howard |
| Jennie Howard | |||
| Senior Vice President,<br><br>General Counsel and<br><br>Corporate Secretary |
Document
EXHIBIT 99.1
| PRESS RELEASE |
|---|
NOBLE Noble Corporation announces new director appointment
SUGAR LAND, TEXAS, November 22, 2023 – Noble Corporation plc ("Noble" or the “Company”) (CSE: NOBLE, NYSE: NE) today announced that the Company's Board of Directors has appointed H. Keith Jennings to serve as a director. Mr. Jennings was also appointed as the chair of the Audit Committee.
Charles M. Sledge, Chairman, on behalf of the Board of Directors, commented, "We are pleased to welcome Keith as a great addition to Noble's Board of Directors. Keith is a seasoned executive with extensive financial experience, who will bring valuable insight and perspective to Noble’s board. We look forward to working with Keith.”
Mr. Jennings served as Executive Vice President and Chief Financial Officer of Weatherford International from September 2020 to August 2022, Executive Vice President and Chief Financial Officer of Calumet Specialty Products Partners from October 2019 to August 2020, Vice President, Finance of Eastman Chemical Company from 2018 to 2019, Vice President & Treasurer of Eastman Chemical Company from 2016 to 2018 and Vice President & Treasurer of Cameron International from 2009 to 2016. He currently serves on the board of 5E Advanced Materials, Inc. Mr. Jennings holds a Bachelor of Commerce from the University of Toronto and an MBA from Columbia University and is a Chartered Professional Accountant.
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. For further information visit www.noblecorp.com or email investors@noblecorp.com.
Contact Noble Corporation plc
Ian Macpherson
Vice President - Investor Relations
+1 713-239-6507
imacpherson@noblecorp.com