01—Abstract
Summary
Summary of the 8-K filed July 14, 2025. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company (NYSE: HAL) announced a leadership change in its finance organization.
Charles E. Geer, Jr., Senior Vice President and Chief Accounting Officer, gave notice on July 8, 2025 that he is resigning to pursue another opportunity outside the energy services industry. His resignation is effective July 16, 2025 as Chief Accounting Officer and July 31, 2025 as Senior Vice President.
The filing states that the departure did not result from any disagreement with Halliburton on its operations, policies or practices. On July 9, 2025, the Board of Directors appointed Stephanie Holzhauser as Senior Vice President and Chief Accounting Officer, effective July 16, 2025, and she will serve as principal accounting officer. Ms. Holzhauser, age 45, has more than 20 years at Halliburton and most recently served as Vice President of Operations Finance since April 2023.
Halliburton entered into an Executive Agreement with her effective July 16, 2025, which provides for a minimum annual base salary of $450,000a and participation in the company's annual performance pay, performance unit and stock incentive programs, along with severance consistent with other executive officers. The filing also discloses that Ms. Holzhauser's brother, Phillip Spoelker, is a non-executive employee of Halliburton who received total compensation of approximately $240,000 from January 1, 2024 through June 30, 2025, which the company says is commensurate with his peers. The leadership change was announced in a press release dated July 14, 2025, in which CFO Eric Carre praised Ms. Holzhauser's contributions and described the change as part of the company's succession management process.
02—Key points
Key Highlights
- Charles E. Geer, Jr. is resigning as Senior Vice President and Chief Accounting Officer, effective July 16, 2025 for the CAO role and July 31, 2025 for the SVP role, to pursue an opportunity outside the energy services industry.
- The filing states Mr. Geer's resignation was not due to any disagreement with Halliburton on operations, policies or practices.
- Stephanie Holzhauser, previously Vice President of Operations Finance since April 2023, was appointed SVP and Chief Accounting Officer effective July 16, 2025 and will serve as principal accounting officer.
- Ms. Holzhauser's Executive Agreement provides a minimum annual base salary of $450,000, participation in the Annual Performance Pay Plan, Performance Unit Program and Stock and Incentive Plan, and severance consistent with other executive officers.
- Her brother, Phillip Spoelker, is a non-executive employee who received total compensation of approximately $240,000 from January 1, 2024 through June 30, 2025, which the company states is commensurate with peers.
- Halliburton will also enter into an indemnification agreement with Ms. Holzhauser effective July 16, 2025, in the form generally provided to executive officers.
- The leadership change was announced in a July 14, 2025 press release, furnished as Exhibit 99.1 under Regulation FD.
03—Questions
Frequently Asked Questions
Why is the Chief Accounting Officer leaving Halliburton?
Charles E. Geer, Jr. is resigning to pursue another opportunity outside the energy services industry. The filing states his resignation was not the result of any disagreement with Halliburton on its operations, policies or practices.
Who is replacing Mr. Geer and when does the change take effect?
Stephanie Holzhauser was appointed Senior Vice President and Chief Accounting Officer by the Board on July 9, 2025, effective July 16, 2025. She will serve as principal accounting officer. Mr. Geer's SVP role ends July 31, 2025.
What is Ms. Holzhauser's background?
She is 45 and has spent more than 20 years at Halliburton in Finance and Accounting roles. She was Vice President of Operations Finance from April 2023, Vice President of Finance, Western Hemisphere from September 2021 to April 2023, and Senior Director of Finance Global Business Lines from 2016 to September 2021. She holds bachelor's and master's degrees in accounting from Louisiana State University.
What compensation does Ms. Holzhauser receive under her new agreement?
Her Executive Agreement, effective July 16, 2025, provides for a minimum annual base salary of $450,000, participation in Halliburton's annual performance pay, performance unit and stock incentive plans, severance consistent with other executive officers, and benefit plans on the same basis as other executive officers. The full agreement is filed as Exhibit 10.1.
Are there any related-party considerations in the appointment?
The filing discloses that Ms. Holzhauser's brother, Phillip Spoelker, is employed by Halliburton in a non-executive officer position and received total compensation of approximately $240,000 from January 1, 2024 through June 30, 2025. The company states his pay was set under its standard practices and is commensurate with peers in similar positions.
04—Continue