OCEANEERING INTERNATIONAL INC 8-K

What Happened
Oceaneering International, Inc. (filed Form 8‑K on Dec 22, 2025, Item 5.02) announced two leadership moves effective Jan 1, 2026: the Board elected Roger Jenkins as an independent, non‑executive director (Class III), and Michael W. Sumruld was appointed Senior Vice President and Chief Financial Officer. The filing notes that current SVP & CFO Alan R. Curtis intends to retire at the end of 2025 and will support a transition through the Effective Date.

Key Details

• Roger Jenkins (age 64) — former President & CEO of Murphy Oil Corporation (Aug 2013–Dec 2024) — elected to Oceaneering’s Board; will receive the same annual nonemployee director retainer as other independent directors.
• Michael W. Sumruld — joined Oceaneering in Sept 2025 as SVP, Finance; appointed SVP & CFO effective Jan 1, 2026. Prior CFO at Parker Drilling (2017–2025).
• 2026 compensation for Sumruld: base salary $505,000; 20% of base credited to a notional account in the Supplemental Executive Retirement Plan; participation in the change‑of‑control plan; 2026 annual bonus target equal to 90% of his 2025 base salary; long‑term incentive award totaling $1,515,000 (300% of 2026 base salary).
• Oceaneering will enter indemnification agreements with both appointees on the same form used for other directors/officers. No related‑party transactions or family relationships requiring disclosure were reported.

Why It Matters
These appointments replace the outgoing CFO and add a director with extensive oil & gas operating and board experience. For investors, the CFO change is the most material: it establishes the company’s finance leadership going into 2026 and defines near‑term compensation and incentive alignment for the new CFO. The long‑term incentive and bonus targets indicate the company’s approach to rewarding and retaining its finance chief after the transition.