UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Superior Energy Services, Inc. (the “Company”) announced today its board of directors has appointed James Spexarth to serve as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, effective August 19, 2021. Mr. Spexarth has been serving as interim Chief Financial Officer since March 18, 2021 following the resignation of the previous Chief Financial Officer, Westervelt Ballard, as was reported in the Form 8-K Report filed by the Company on March 22, 2021, as amended on April 29, 2021 (the “Original 8-K”). Mr. Spexarth, 54, has been employed by the Company for 8 years and also served as the Company’s Chief Accounting Officer and previously served as vice president and corporate controller.
In connection with Mr. Spexarth being named Executive Vice President, Chief Financial Officer and Treasurer, the Company has, effective August 19, 2021, increased his annual cash base salary by $146,500, resulting in an annual cash base salary of $425,000.
A copy of Company’s news release announcing Mr. Spexarth’s appointment is being filed as Exhibit 99.1 to this Current Report on Form 8-K.
Additional disclosure regarding Mr. Spexarth’s positions with the Company, business experience and certain biographical and related information is set forth in the Original 8-K and the Company’s Form 10-K for the fiscal year ended December 31, 2020 filed on March 26, 2021, which information is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
Exhibit Description | |
99.1 | Press Release, dated August 24, 2021 | |
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: August 24, 2021 | By: | /s/ Blaine D. Edwards | ||||
Blaine D. Edwards | ||||||
Executive Vice President, General Counsel and Secretary |