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): April 2, 2018
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))
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-2 of the Securities Exchange Act of 1934 (§240.12b-2 of 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 2, 2018, Mark J. Airola informed Newpark Resources, Inc. (the “Company”) he plans to retire from his position as Senior Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary effective September 30, 2018. The Board of Directors has initiated a search process to identify Mr. Airola’s successor and has retained an executive search firm to assist with the process.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
Press Release of Newpark Resources, Inc. dated April 4, 2018. | ||
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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: | April 5, 2018 | By: | /s/ Gregg S. Piontek |
Gregg S. Piontek | |||
Senior Vice President and Chief Financial Officer | |||
(Principal Financial Officer) | |||
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EXHIBIT 99.1
 | NEWS RELEASE | ||
Contacts: | Gregg Piontek, SVP & CFO Newpark Resources, Inc. gpiontek@newpark.com 281-362-6800 | ||
FOR IMMEDIATE RELEASE | |||
NEWPARK RESOURCES ANNOUNCES PLANNED GENERAL COUNSEL SUCCESSION
EFFECTIVE SEPTEMBER 30, 2018, AIROLA TO RETIRE AFTER 12 YEARS WITH NEWPARK; COMPANY INITIATES SEARCH FOR SUCCESSOR
THE WOODLANDS, TX - April 4, 2018 - Newpark Resources, Inc. (NYSE: NR) today announced its succession plan for Mark Airola, the Company’s General Counsel, Chief Administrative Officer, Chief Compliance Officer and Secretary. Mr. Airola, a 12-year Newpark veteran who has been serving as the Company’s General Counsel, Chief Administrative Officer, and Secretary since 2006, plans to retire effective September 30, 2018. The Newpark Board has initiated a search process to identify Mr. Airola’s successor and has retained an executive search firm to assist with the process.
“On behalf of the Board, management team and employees, we would like to thank Mark for his countless contributions to Newpark over his tenure,” said Paul Howes, Newpark’s President and Chief Executive Officer. “Mark has served as a trusted advisor and exceptional leader, providing outstanding guidance for our executive team when we needed it most. In addition to his role leading Newpark’s legal group, he has been instrumental in helping build and implement our strategy, as well as strengthening the Company’s commitment to safety, quality and continuous improvement. We wish Mark the very best as he approaches his retirement.”
Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems, and composite matting systems used in oilfield and other commercial markets. For more information, visit our website at www.newpark.com.
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