01—Abstract
Summary
Summary of the 8-K filed December 4, 2025. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company (NYSE: HAL) reported in a Form 8-K filed December 4, 2025 that its Board of Directors appointed Jeffrey Shannon Slocum as Executive Vice President and Chief Operating Officer, effective January 1, 2026.
The Board also increased its size from 12 to 13 directors and appointed Mr. Slocum as a management director, with his term running until the 2026 Annual Meeting of Shareholders. Mr. Slocum, age 53, most recently served as president, Eastern Hemisphere. His Executive Agreement provides for a minimum annual base salary of $1,000,000,a plus participation in the Annual Performance Pay Plan, the Performance Unit Program, and the Stock and Incentive Plan.
In a related change, Rami Yassine, age 46, was appointed President – Eastern Hemisphere effective January 1, 2026, succeeding Mr. Slocum. Mr. Yassine most recently served as senior vice president, Middle East North Africa region. His Executive Agreement provides for a minimum annual base salary of $800,000,b with the same plan participation as Mr. Slocum.
According to the press release furnished as Exhibit 99.1, Chairman, President and CEO Jeff Miller said the transfer of operations to Mr. Slocum allows him to focus on the company's long-term strategic advancement and execution. Mr. Slocum will be responsible for global operations, business development, health, safety and environment, and global technology, reporting to Mr. Miller.
02—Key points
Key Highlights
- Jeffrey Shannon Slocum appointed Executive Vice President and Chief Operating Officer, effective January 1, 2026
- Board expanded from 12 to 13 directors; Mr. Slocum joins as a management director with a term ending at the 2026 Annual Meeting of Shareholders
- Mr. Slocum's Executive Agreement provides a minimum annual base salary of $1,000,000
- Rami Yassine appointed President – Eastern Hemisphere, succeeding Mr. Slocum, effective January 1, 2026
- Mr. Yassine's Executive Agreement provides a minimum annual base salary of $800,000
- Mr. Slocum will oversee global operations, business development, health, safety and environment, and global technology, reporting to Chairman, President and CEO Jeff Miller
- Both executive agreements replace any previously signed employment agreements
03—Questions
Frequently Asked Questions
Who is the new Chief Operating Officer at Halliburton and when does the role take effect?
Jeffrey Shannon Slocum, age 53, was appointed Executive Vice President and Chief Operating Officer effective January 1, 2026. He previously served as president, Eastern Hemisphere, and joined Halliburton in 2005.
Is Mr. Slocum joining the Board of Directors?
Yes. Effective January 1, 2026, the Board increased its size from 12 to 13 directors and appointed Mr. Slocum as a management director. His initial term runs until the 2026 Annual Meeting of Shareholders or until a successor is elected and qualified. He will not serve on any Board committees.
What compensation terms apply to the new executives?
Mr. Slocum's Executive Agreement provides a minimum annual base salary of $1,000,000, and Mr. Yassine's provides a minimum annual base salary of $800,000. Both agreements include participation in the Annual Performance Pay Plan, the Performance Unit Program, and the Stock and Incentive Plan, along with severance consistent with similarly situated executive officers. Details are in the 2025 proxy statement's Compensation Discussion and Analysis.
Who replaces Mr. Slocum as president of the Eastern Hemisphere?
Rami Yassine, age 46, was appointed President – Eastern Hemisphere effective January 1, 2026. He most recently served as senior vice president, Middle East North Africa region, and has been with Halliburton for over 20 years.
What reason did management give for the leadership change?
In the press release furnished as Exhibit 99.1, Chairman, President and CEO Jeff Miller said that transferring operations to Mr. Slocum allows him to focus on the company's long-term strategic advancement and execution, and that Mr. Slocum's global operations experience strengthens the company's ability to maximize asset value for customers.
04—Continue