Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Election of Director
On October 20, 2021, the Board of Directors (the "Board") of NOV Inc. (the
"Company") appointed Robert S. Welborn as a director of the Company, effective
October 20, 2021, with a term of office expiring at the next annual meeting of
stockholders. Mr. Welborn will serve on the Board's Audit Committee. As
compensation for his service on the Board, Mr. Welborn will receive the
Company's standard compensation for non-employee directors, which is described
under the heading "Director Compensation" in the Company's definitive proxy
statement relating to the Company's annual meeting of stockholders in 2021,
filed with the Securities and Exchange Commission on April 9, 2021. In addition,
there are no transactions in which Mr. Welborn has an interest that would
require disclosure under Item 404(a) of Regulation S-K.
Mr. Welborn, age 48, is the Head of Programs Data Science, Small Business Group
for Facebook, Inc. Mr. Welborn received a Bachelor of Science in Engineering
from Texas A&M University and a Master of Business Administration from the
University of California, San Diego.
With the appointment of Mr. Welborn, the Board is now composed of ten directors,
nine of which are independent members.
On October 20, 2021, the Company announced the appointment of Mr. Welborn to the
Board. A copy of the press release is attached as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is provided as part of the information furnished under
Item 5.02 of this Current Report:
99.1 NOV Inc. press release dated October 20, 2021 announcing the appointment
of Robert S. Welborn.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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