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Executive ChangeItem 5.02 · 8-KHIGH RiskNeutral

NOV Inc.

A senior executive or director joined, left, or changed roles. An 8-K is the notice a US public company must file within four business days of a major event.

www.nov.com
Filed: Nov 20, 2025Houston, TexasCIK: 0001021860Energy
Full company profileView on SEC.gov

2 executive changes at NOV in the last 90 days. Clusters like this usually mean more senior seats open over the next few months.

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AI Executive Summary

AI-powered analysis of 8-K filing content

NOV Inc. Chairman and CEO Clay C. Williams will resign from the Board effective January 1, 2026, and retire February 28, 2026. President and COO Jose A. Bayardo will succeed him as Chairman, President, and CEO effective January 1, 2026, with a base salary increase to $950,000 and a target bonus raised to 125% of salary. The planned internal succession provides continuity in top leadership.

Key Takeaways

Clay C. Williams will step down from the Board effective January 1, 2026, and retire from the Company effective February 28, 2026, and will serve as an advisor until retirement.

Jose A. Bayardo, currently President and COO (since March 2025) and formerly SVP and CFO (August 2015 to March 2025), will become Chairman, President, and CEO effective January 1, 2026.

3 more takeaways

Related Filings (4)

4 more filings from NOV Inc. in the last 90 days

Filing Overview

Form Type8-K
Filing DateNov 20, 2025
Item5.02
CategoryExecutive Change
CIK0001021860
Accession #0001193125-25-288885
Risk LevelHIGH
SentimentNeutral
Signalneutral
Topics
leadership transitionboard changeexecutive departure

What This Means

A senior executive (CEO, CFO, etc.) has joined, departed, or changed roles. Leadership changes can significantly impact strategy.
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NOV Inc. filed with the SEC. Fundz turns 8-K material events into an alert with the right executive attached.

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