Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
NBR > SEC Filings for NBR > Form 8-K on 25-Jul-2013All Recent SEC Filings

Show all filings for NABORS INDUSTRIES LTD



Change in Directors or Principal Officers, Financial Statements and Exhibit

Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 25, 2013, we issued a press release announcing that our Board of Directors voted to expand the Board to eight members from seven and subsequently appointed John P. Kotts, age 62, to fill the newly created vacancy. Mr. Kotts has also been appointed to serve on the Audit, Governance and Nominating, and Risk Oversight Committees of the Board.

A copy of the press release announcing Mr. Kotts's appointment is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Mr. Kotts will receive the same compensation as other members of the Board of Directors:

annual retainer of $100,000 (no additional amounts are paid for attendance at meetings);

any director may elect to receive immediately vested stock options, in lieu of any cash payments, valued at the amount of the payment; and

12,000 restricted shares upon initial appointment to the Board and 15,000 restricted shares annually, which vest over a three-year period.

Directors are also parties to an indemnification agreement with the Company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release

  Add NBR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for NBR - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.