678026AH8 Filings — Oil States International, Inc - FilingSpy
678026AH8
Oil States International, Inc
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A maker of engineered equipment and services for offshore drilling, well completion, and downhole work, Oil States International supplies products like its FlexJoint® connectors and Tempress tools to energy, military, and industrial customers around the world. It began in 1942 as the Grand Prairie Rubber Company in Texas, started by "Slim" Bowerman with four employees making rubber parts for the oil patch. Its FlexJoint, introduced in 1976, was the critical seal used to cap the Macondo well after the 2010 Deepwater Horizon disaster.
Oil States amends CEO Lloyd Hajdik's severance terms, effective July 9, 2026
The amendment restructures severance calculation for qualifying termination events; all other terms remain unchanged.
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Oil States International, Inc. and CEO Lloyd A. Hajdik amended his Executive Agreement on July 9, 2026.
If terminated without Cause or resigns for Good Reason within 24 months after a Change of Control, Hajdik gets a lump sum equal to 3.0 times the sum of Termination Base Salary and Target AICP.
If terminated without Cause outside that 24-month window, he gets a lump sum equal to 1.5 times the same sum.
The amendment is filed as Exhibit 10.1 to the Form 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Oil States CEO Cindy Taylor to retire May 1, 2026; Lloyd Hajdik named successor
Matthew E. Autenrieth, current VP of Finance and Assistant Treasurer, will become EVP, CFO and Treasurer on May 1, 2026.
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Cindy B. Taylor will retire as President and CEO of Oil States International, effective May 1, 2026, and will resign from the Board the same date.
Lloyd A. Hajdik, current EVP, CFO and Treasurer, will succeed Taylor as CEO and join the Board on May 1, 2026.
Taylor will remain as a consultant through October 31, 2026, on terms to be agreed.
No changes have been made to Hajdik's or Autenrieth's compensation arrangements at this time.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Oil States International enters new $125M credit agreement replacing asset-based facility
Oil States International entered into an amended and restated Cash Flow Credit Agreement on January 28, 2026, with Wells Fargo as administrative agent.
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The new credit facilities total $125 million, comprising a $75 million revolving credit facility and a $50 million multi-draw term loan facility.
The facilities are available for draws through July 28, 2026, and mature on January 28, 2030.
The agreement replaces the existing $125 million asset-based revolving credit facility and is secured by substantially all U.S. assets and stock of certain foreign subsidiaries.
The company intends to use cash on hand and/or borrowings under the new agreement to extinguish the remaining $53 million of its 4.75% convertible senior notes due April 2026.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits