Document
false0000046765 0000046765 2020-04-29 2020-04-29
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): April 29, 2020

HELMERICH & PAYNE, INC.
(Exact name of registrant as specified in its charter)

DE
 
1-4221
 
73-0679879
(State or other jurisdiction of
Incorporation)
 
(Commission File
Number)
 
(I.R.S. Employer
Identification No.)

1437 South Boulder Avenue, Suite 1400
Tulsa, OK 74119
(Address of principal executive offices and zip code)
(918) 742-5531
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock ($0.10 par value)
HP
NYSE

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 (see General Instruction A.2.):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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))

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).

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 April 29, 2020, Robert L. Stauder, notified Helmerich & Payne, Inc. (the “Company”) that he will retire effective June 1, 2020 from his position as Senior Vice President and Chief Engineer of Helmerich & Payne International Drilling Co., a wholly owned subsidiary of the Company. Mr. Stauder, age 57, joined the Company in 1984 and has held his current position since 2012. In connection with his retirement and subject to certain customary conditions, (i) Mr. Stauder will receive a payment of 1.47 times his base salary and a cash equivalent of 18 months of premiums for health insurance coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) and (ii) the vesting of his restricted share awards granted in 2019 will be accelerated.
 

 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
HELMERICH & PAYNE, INC.
 
 
 
By:
/s/ Debra R. Stockton
 
Name:
Debra R. Stockton
 
Title:
Corporate Secretary
 
Date:
May 5, 2020
 
 
 
 
 
 
 
 
 






v3.20.1
Cover Page
Apr. 29, 2020
Cover page.  
Document Type 8-K
Document Period End Date Apr. 29, 2020
Entity Registrant Name HELMERICH & PAYNE, INC.
Entity Central Index Key 0000046765
Amendment Flag false
Entity Incorporation, State or Country Code DE
Entity File Number 1-4221
Entity Tax Identification Number 73-0679879
Entity Address, Address Line One 1437 South Boulder Avenue, Suite 1400
Entity Address, City or Town Tulsa
Entity Address, State or Province OK
Entity Address, Postal Zip Code 74119
City Area Code 918
Local Phone Number 742-5531
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock ($0.10 par value)
Trading Symbol HP
Security Exchange Name NYSE
Entity Emerging Growth Company false