Oceaneering International Inc 8-K, filed Jan 22, 2020
Oceaneering International Inc (OII)
8-K
2020-01-22
For: 2020-01-17
View Original
Added on
April 07, 2026
About this 8-K
Oceaneering International Inc filed this 8-K on January 22, 2020, reporting on events of January 17, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2020
OCEANEERING INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
(Address of principal executive offices) | (Zip Code) | |||
Registrant's telephone number, including area code: (713 ) 329-4500
(Former name or former address, if changed since last report)
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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2):
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. ☐
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 22, 2020, Oceaneering International, Inc. ("Oceaneering") announced that Stephen P. Barrett, Senior Vice President, Asset Integrity and Business Development, will retire from Oceaneering upon the appointment of his successors to both of those positions. A copy of the press release announcing Mr. Barrett's plan to retire and the appointment of his successor to the position of Senior Vice President, Business Development, is filed as Exhibit 99.1 to this report and incorporated into this Item 5.02 by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
Index to Exhibits
99.1 | |||||||||||
104 | Cover Page Interactive Data File (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.
OCEANEERING INTERNATIONAL, INC. | |||
Date: | January 22, 2020 | By: | /S/ DAVID K. LAWRENCE |
David K. Lawrence | |||
Senior Vice President, General Counsel and Secretary | |||
Exhibit 99.1
Oceaneering Appoints Earl Childress
to Succeed Steve Barrett as Senior Vice President, Business Development
HOUSTON, January 22, 2020 -- Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced the appointment of Earl Childress to succeed Steve Barrett as Senior Vice President, Business Development, effective upon Mr. Childress’ commencement of employment with Oceaneering, which is expected on or about March 2, 2020. Oceaneering intends that Mr. Childress will have worldwide business development responsibility for Oceaneering’s energy-related segments.
Mr. Childress has been an employee of Teledyne Technologies Incorporated since 2002, serving in roles of increasing responsibility. His most recent positions were Group Vice President/General Manager of Teledyne Seismic and Teledyne RD Instruments, a role held since July 2016, and Group Executive Vice President of Sales and Marketing for Marine Instrumentation, a role held since May 2015. Prior to his employment with Teledyne, Mr. Childress’ work experience included sales and management positions with several oceanographic instrumentation manufacturers.
Mr. Barrett, who joined Oceaneering in 2015, recently notified Oceaneering of his plan to retire from Oceaneering. He has agreed to continue to serve Oceaneering as Senior Vice President, Asset Integrity until a permanent appointment is made to lead that business.
Roderick A. Larson, Oceaneering’s President and Chief Executive Officer, stated: “I am very pleased to announce Earl’s appointment. Earl is a proven senior executive who has a track record of aligning financial objectives with business strategy. In addition, his previous experience in oil and gas instrumentation and familiarity with our customer base make him ideally suited to assume business development responsibilities for our diverse portfolio of energy businesses. I would also like to thank Steve for his leadership since coming to Oceaneering in 2015, and agreeing to continue leading our Asset Integrity segment while we search for a new leader for that business.”
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Oceaneering International, Inc. cautions that statements in this press release which are forward-looking involve risks, contingencies and uncertainties. The forward-looking statements in this press release concern expectations regarding Mr. Childress’ commencement date of employment and scope of responsibility, as well as Mr. Barrett's continued service. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering, but are subject to risks, contingencies and uncertainties including, among others, actions of the individual parties referred to in this press release. You should not place undue reliance on forward-looking statements. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward-looking statement.
Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.
Exhibit 99.1
For more information on Oceaneering, please visit www.oceaneering.com.
Contact:
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
investorrelations@oceaneering.com