OIL STATES INTERNATIONAL, INC 8-K

What Happened

• Oil States International, Inc. filed a Form 8-K on July 9, 2026 announcing an amendment to the executive agreement of its President and CEO, Lloyd A. Hajdik (original agreement effective December 9, 2013). The amendment restructures how severance is calculated for certain qualifying terminations. All other terms of the executive agreement remain in effect.

Key Details

• Effective date of the amendment: July 9, 2026.
• If Mr. Hajdik is terminated without “Cause” or resigns for “Good Reason” within 24 months following a “Change of Control,” he will receive a lump-sum severance equal to 3.0× the sum of his Termination Base Salary and Target AICP.
• If terminated without “Cause” outside the 24-month post–Change of Control period, he will receive a lump-sum severance equal to 1.5× the sum of his Termination Base Salary and Target AICP.
• The amendment only modifies severance calculation; all other provisions of the executive agreement remain unchanged.

Why It Matters

• This amendment clarifies and increases the potential severance payout to the CEO in specified situations, particularly following a corporate Change of Control, which can affect expected cash obligations to management.
• Investors should note the higher potential liability (3.0× vs. 1.5×) within the 24‑month post–Change of Control window when assessing governance and potential transaction-related costs.