01—Abstract
Summary
Summary of the 8-K filed January 8, 2025. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company (HAL) filed this Form 8-K on January 8, 2025 under Item 5.02 (Departure of Directors or Certain Officers).
The filing reports that on January 6, 2025, Bhavesh (Bob) V. Patel notified the Board of Directors that he will not stand for re-election as a Director and will retire early from the Board to pursue other opportunities. Mr. Patel will continue to serve as a Director until his term ends immediately prior to the annual meeting of shareholders scheduled for May 21, 2025.
The company states that his decision was not the result of any disagreement with Halliburton on any matter relating to its operations, policies, or practices. For investors, this is a board-level governance change with no reported financial figures, compensation terms, or operational impact disclosed in the filing. The filing describes an orderly, voluntary departure with a defined end date for his service.
02—Key points
Key Highlights
- Bhavesh (Bob) V. Patel notified the Board on January 6, 2025 of his decision to leave the Board early.
- He will not stand for re-election as a Director and will retire early to pursue other opportunities.
- Mr. Patel will remain a Director until his term ends immediately prior to the annual meeting of shareholders on May 21, 2025.
- The filing states his decision was not the result of any disagreement with Halliburton regarding its operations, policies, or practices.
- The filing discloses no financial figures, compensation arrangements, or replacement director information.
03—Questions
Frequently Asked Questions
Why is Bhavesh Patel leaving the Halliburton Board?
According to the filing, Mr. Patel decided not to stand for re-election and to retire early from the Board to pursue other opportunities.
Did Mr. Patel's departure result from a disagreement with the company?
No. The filing states that his decision was not the result of any disagreement with Halliburton on any matter relating to its operations, policies, or practices.
When will Mr. Patel's Board service end?
He will continue as a Director until his term ends immediately prior to the annual meeting of shareholders on May 21, 2025.
Does this filing disclose a replacement director or any financial impact?
The filing does not name a replacement director or disclose any financial impact, compensation terms, or other arrangements related to this change.
04—Continue