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): February 24, 2017
NEWPARK RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-2960 | 72-1123385 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
9320 Lakeside Boulevard, Suite 100 The Woodlands, TX | 77381 | |||
(Address of principal executive offices) | (Zip Code) | |||
Registrant's telephone number, including area code: (281) 362-6800
_____________________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 24, 2017, Newpark Resources, Inc. (the "Company") announced in a press release an upcoming change in the leadership roles in the Fluids Systems segment. Bruce Smith, the current Executive Vice President and President, Fluids Systems, has accepted a new position with the Company as Chief Technology Officer - Fluids. Mr. Smith will assume his new role effective as of July 1, 2017, at which time Mr. Phillip Vollands, currently President, Western Hemisphere, will assume the role of Vice President of the Company and President, Fluids Systems.
A copy of the Company's press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description |
99.1 | Press Release, dated February 24, 2017. |
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.
NEWPARK RESOURCES, INC. | |||
Dated: | February 27, 2017 | By: | /s/ Gregg S. Piontek |
Gregg S. Piontek | |||
Vice President and Chief Financial Officer | |||
(Principal Financial Officer) | |||
EXHIBIT INDEX
Exhibit No. | Description |
99.1 | Press Release, dated February 24, 2017. |
Exhibit 99.1
 | NEWS RELEASE | ||
Contacts: | Brian Feldott Director, Investor Relations Newpark Resources, Inc. bfeldott@newpark.com 281-362-6800 | ||
FOR IMMEDIATE RELEASE | |||
NEWPARK ANNOUNCES LEADERSHIP TRANSITION IN FLUIDS SYSTEMS
EFFECTIVE JULY 2017, SMITH TO LEAD TECHNOLOGY DEVELOPMENT,
VOLLANDS NAMED SUCCESSOR
THE WOODLANDS, TX - FEBRUARY 24, 2017 - Newpark Resources, Inc. (NYSE: NR) today announced an upcoming leadership change in the Fluids Systems segment. Effective July 1, 2017, Bruce Smith, the current Executive Vice President and President of Fluids Systems, will step into the newly created role of Chief Technology Officer - Fluids, reporting directly to Paul Howes, Newpark’s President and Chief Executive Officer. In this new role, Mr. Smith will be responsible for driving excellence through technology, a key element of the Company’s Fluid Systems differentiation strategy.
Commenting on the transition, Mr. Howes, said, “I would like to personally thank Bruce for his outstanding leadership and significant contributions over the past 19 years to our Fluids Systems business. He was especially instrumental in transforming the business into a market leader and expanding our international footprint. Given his complete understanding of the global oil & gas industry, we expect Bruce will have the same success leading the innovative technology initiatives of the Fluids Systems business in this new, very important and strategic role.”
The Company also announced the promotion of Phillip Vollands, effective July 1, 2017, to the positon of Vice President, Newpark Resources, Inc. and President Fluids Systems, reporting directly to Mr. Howes. Prior to joining Newpark in October 2013 as President, North American Fluids Systems and most recently, President, Western Hemisphere, Phillip was Vice President, Tubular Running Services for Weatherford International. Before Weatherford, Mr. Vollands served in a variety of sales and operational roles of increasing responsibility for National Oilwell Varco. He holds a BA in Engineering Science and an MA (Oxon) from Oxford University.
Mr. Howes, continued. “Phillip brings over 25 years of global oilfield service experience that span multiple disciplines with a proven track record in running both domestic and international businesses. I am confident in Phillip’s abilities, and expect his contributions will play an important role in Newpark’s future.”
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets. For more information, visit our website at www.newpark.com.
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