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

Helmerich & Payne names Todd Scruggs CFO as Kevin Vann retires June 30

Neutral Impact 4 of 5 leadership Written later

Helmerich & Payne said CFO Kevin Vann will retire effective June 30, 2026, and its board appointed Todd Scruggs, the company's Vice President, Corporate Finance and Treasurer, to succeed him as Senior Vice President and Chief Financial Officer effective July 1, 2026. The change follows the appointment of Trey Adams as President and CEO on March 4, 2026, and the filing says Vann's retirement is not the result of any disagreement with the company.

Key points

  • Kevin Vann informed the company on March 10, 2026 that he will retire as SVP and CFO effective June 30, 2026.
  • Todd Scruggs, who has been VP, Corporate Finance and Treasurer since November 2024, becomes SVP and CFO on July 1, 2026, with an annual base salary of $475,000 and a 90% target bonus for calendar 2026.
  • Vann will serve as a non-executive Senior Advisor from July 1 through December 31, 2026, at a $309,000 annual base salary, and receives a one-time $750,000 bonus payable in two parts.

The filing

CompanyHelmerich & Payne (HP)
Form8-K, current report
Filed with the SECMar 16, 2026, 4:50 PM ET
Accession number0000046765-26-000020

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 March 16, 2026.

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.