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

Helmerich & Payne CEO John Lindsay to retire; Trey Adams named successor

Neutral Impact 4 of 5 leadership Written later

Helmerich & Payne CEO John Lindsay will retire as CEO and director after the March 4, 2026 Annual Meeting, and the Board has appointed President Raymond John "Trey" Adams III to succeed him. The filing says the retirement is not the result of any disagreement with the company on operations, policies or practices, and Lindsay will serve as a senior advisor through December 31, 2026 to support the transition.

Key points

  • Lindsay retires as CEO and director after the Annual Meeting on March 4, 2026.
  • Adams, 40, has been President since October 2025 and has worked at the company since 2008; the Board has nominated him for election to the Board at the Annual Meeting.
  • Lindsay will receive his base salary, a short-term cash incentive of 50% of his fiscal 2025 award for the first five months of fiscal 2026, and 77,818 restricted shares with a 1-year vesting period.

The filing

CompanyHelmerich & Payne (HP)
Form8-K, current report
Filed with the SECDec 11, 2025, 4:18 PM ET
Accession number0000046765-25-000077

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 December 11, 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.