Hallibururton Co. Elects Lead Independent Director, $40K Retainer

What Happened Halliburton Company announced that on September 15, 2026 the company's independent directors elected Maurice S. Smith as Lead Independent Director, effective immediately. Mr. Smith will serve until the next annual election of the Lead Independent Director by the independent directors or until his earlier death, resignation, or removal. The company also noted that Robert A. Malone will remain a director and was thanked for his prior service as Lead Independent Director.

Key Details

• Election date: September 15, 2026 (announced in an 8-K filed Sept 16, 2026).
• New Lead Independent Director: Maurice S. Smith.
• Additional compensation: $40,000 annual retainer for Lead Independent Director duties, consistent with the company’s non‑management director compensation program described in the March 31, 2026 proxy.
• Robert A. Malone will continue as a director; the Board thanked him for his years of service as Lead Independent Director.

Why It Matters A change in the Lead Independent Director affects independent oversight of the board and can influence corporate governance dynamics. The disclosed $40,000 retainer is a routine, shareholder‑disclosed compensation adjustment and aligns with the firm's stated director pay practices in its proxy. This item is primarily governance reporting and does not directly change executive management or financial results.