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AI brief of an SEC Form 8-K · Helmerich & Payne (HP)

Helmerich & Payne names Trey Adams President, effective October 1, 2025

Neutral Impact 3 of 5 leadership Written later

Helmerich & Payne appointed Senior Vice President Trey Adams as President effective October 1, 2025, while John Lindsay remains Chief Executive Officer. Mike Lennox and John Bell were also promoted to Executive Vice President roles, and the filing describes a new leadership structure with Adams leading all revenue-generating business units. The filing does not report financial results, but it sets out a reorganized senior team and related pay changes for shareholders to monitor.

Key points

  • Trey Adams, 40, becomes President effective October 1, 2025, succeeding John Lindsay in that role; Lindsay stays as CEO.
  • Adams' base salary rises to $660,000, with a target bonus of 100% of base salary for fiscal 2026.
  • Michael Lennox and John Bell become Executive Vice Presidents effective October 1, 2025, with base salaries of $560,000 each and restricted stock awards with a grant date value of $1 million each.
  • The company says Adams will be only the 5th President in its 105-year history.

The filing

CompanyHelmerich & Payne (HP)
Form8-K, current report
Filed with the SECSep 29, 2025, 4:08 PM ET
Accession number0000046765-25-000059

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.