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AI brief of an SEC Form 8-K · Patterson-UTI Energy (PTEN)

Patterson-UTI stockholders approve 28.9 million share increase to incentive plan

Neutral Impact 3 of 5 shareholder Written later

At its June 4, 2026 annual meeting, Patterson-UTI stockholders approved an amendment adding 28.9 million shares to the 2021 Long-Term Incentive Plan and elected all ten director nominees. The same day, the company completed the redemption of all approximately $482.5 million of its 3.95% Senior Notes due 2028, funded in part by a $500 million offering of 6.050% Senior Notes due 2036. The share increase expands the pool available for equity awards under the plan.

Key points

  • Amendment approved with 319,700,114 votes for and 7,391,767 against, plus 18,069,100 broker non-votes.
  • All ten director nominees elected; Julie J. Robertson had the most votes withheld, at 9,622,050.
  • On June 4, 2026, the company redeemed all approximately $482.5 million of its 3.95% Senior Notes due 2028 at 100% of principal, plus accrued interest.
  • The redemption was partly funded by $500 million of 6.050% Senior Notes due 2036, which closed May 19, 2026.

The filing

CompanyPatterson-UTI Energy (PTEN)
Form8-K, current report
Filed with the SECJun 4, 2026, 4:58 PM ET
Accession number0000889900-26-000044

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 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 June 04, 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.