11/30/2021 | Press release | Distributed by Public on 11/30/2021 12:07
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): November 23, 2021
Superior Energy Services, Inc.
(Exact name of registrant as specified in its charter)
Delaware | 001-34037 | 75-2379388 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
1001 Louisiana Street, Suite 2900
Houston, Texas77002
(Address of principal executive offices) (Zip Code)
(713)654-2200
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-Kfiling is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12under the Exchange Act (17 CFR 240-14a-12) |
☐ |
Pre-commencementcommunications pursuant to Rule 14d-2(b) underthe Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencementcommunications pursuant to Rule 13e-4(c) underthe Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol |
Name of each exchange on which registered |
||
NONE | NONE | NONE |
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-2of the Securities Exchange Act of 1934 (§240.12b-2of 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 3.02 |
Unregistered sales of equity securities. |
The information set forth in Item 5.02 of this Current Report on Form 8-Kis incorporated into this Item 3.02 by reference.
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 23, 2021, the board of directors (the "Board") of Superior Energy Services, Inc. (the "Company") and the Compensation Committee of the Board (the "Committee") approved the form of restricted stock unit award agreement for employee participants (the "Employee Restricted Stock Unit Award Agreement"), a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.
On November 23, 2021, the Board and the Committee approved, pursuant to the form of Employee Restricted Stock Unit Award Agreement, the issuance of 50,596 restricted stock units (the "RSU Grants") under the Company's 2021 Management Incentive Plan (the "Incentive Plan") to certain employees of the Company, including 12,649 RSU Grants to James W. Spexarth, the Company's Executive Vice President, Chief Financial Officer and Treasurer. The RSU Grants will vest in 2023, subject to earlier vesting and forfeiture on terms and conditions set forth in the applicable award agreement. The issuance of the RSU Grants (and any shares of the Company's Class B common stock) pursuant to the Employee Restricted Stock Unit Award Agreements under the Incentive Plan is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Exhibit Description |
|
10.1 | Form of Employee Restricted Stock Unit Award Agreement | |
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.
Superior Energy Services, Inc. | |||||
Date: November 30, 2021 | By: |
/s/ James W. Spexarth |
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James W. Spexarth | |||||
Executive Vice President, Chief Financial Officer and Treasurer |