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AI brief of an SEC Form 8-K · Oceaneering International (OII)

Oceaneering amends CEO change-of-control agreement and adopts executive severance plan

Neutral Impact 3 of 5 leadership Written later

On March 17, 2026, Oceaneering's compensation committee amended the change-of-control agreement with CEO Roderick A. Larson and the company's change-of-control plan, and adopted an Executive Leadership Team Severance Plan. The changes tie severance to a release of claims and restrictive covenants, and set out the severance terms for executives, including a two-times salary-plus-target-bonus payment for the CEO.

Key points

  • CEO Roderick A. Larson's severance is conditioned on a release of claims and compliance with restrictive covenants, with outplacement services for 24 months.
  • The amended change-of-control plan provides a prorated short-term incentive for the year of termination based on actual performance, and outplacement for 12 months.
  • The new ELT Severance Plan pays the CEO two times base salary plus target short-term incentive over 24 months, versus one times for other executives over 12 months.
  • Filing is dated March 20, 2026; exhibits 10.1 to 10.3 contain the full agreement and plans.

The filing

CompanyOceaneering International (OII)
Form8-K, current report
Filed with the SECMar 20, 2026, 5:01 PM ET
Accession number0000073756-26-000063

Items reported: 5.02 Director / Officer Change

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 20, 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.