01—Abstract
Summary
Summary of the 8-K filed January 14, 2026. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company (HAL) filed this Form 8-K on January 14, 2026 to report a senior leadership appointment in its North America business.
On January 13, 2026, the Board of Directors appointed Michael Casey Maxwell as President, Western Hemisphere, effective February 1, 2026. Maxwell, age 44, most recently served as Senior Vice President, North America Land since July 2024, and has about 20 years of experience at Halliburton, including prior roles as Vice President, Argentina and Vice President, Permian Basin. He succeeds Mark Richard, who will serve as senior advisor to Chairman, President and CEO Jeff Miller.
Under his Executive Agreement, effective February 1, 2026, Maxwell receives a minimum annual base salary of $800,000a and participates in the Halliburton Annual Performance Pay Plan, the Performance Unit Program, and the Stock and Incentive Plan, along with severance terms consistent with other similarly situated executive officers. The agreement replaces any previously signed employment agreements. Halliburton also states it will enter into an indemnification agreement with him on the same standard form used for executive officers.
The filing reports no family relationships with directors or executive officers, no Item 404(a) related-person transactions, and no arrangements under which he was selected. The filing does not disclose any financial results or guidance. The leadership change is the principal disclosure, and the Regulation FD press release announcing it is furnished rather than filed.
02—Key points
Key Highlights
- Michael Casey Maxwell appointed President, Western Hemisphere, effective February 1, 2026, by the Board on January 13, 2026
- Maxwell, age 44, previously served as Senior Vice President, North America Land (since July 2024)
- Prior roles include Vice President, Argentina (July 2023 to June 2024) and Vice President, Permian Basin (January 2019 to June 2023)
- Mark Richard, the predecessor in the role, will serve as senior advisor to Chairman, President and CEO Jeff Miller
- Employment Agreement provides a minimum annual base salary of $800,000 with participation in annual performance pay, performance unit, and stock incentive programs
- Agreement replaces any previously signed employment agreements; indemnification agreement to follow on the standard executive form
- Press release announcing the appointment was issued January 14, 2026 and furnished as Exhibit 99.1
03—Questions
Frequently Asked Questions
Who is taking over the Western Hemisphere business and when does it take effect?
Michael Casey Maxwell, currently Senior Vice President, North America Land, becomes President, Western Hemisphere effective February 1, 2026. He succeeds Mark Richard, who will move to a senior advisor role to Chairman, President and CEO Jeff Miller.
What compensation does the new Western Hemisphere President receive?
The Executive Agreement provides a minimum annual base salary of $800,000, participation in the Halliburton Annual Performance Pay Plan, the Performance Unit Program and the Stock and Incentive Plan, severance consistent with similarly situated executive officers, and other benefit plans on the same basis as other executive officers. Details are described in the 2025 proxy statement's Compensation Discussion and Analysis.
What is Maxwell's background at Halliburton?
Maxwell has about 20 years at Halliburton, advancing through field sales, technical sales, business development and area leadership. He served as Vice President, Argentina from July 2023 to June 2024 and as Vice President, Permian Basin from January 2019 to June 2023, before becoming Senior Vice President, North America Land in July 2024. He holds a bachelor's degree in architecture and an MBA from Texas Tech University.
Are there any related-party or family ties tied to the appointment?
The filing states there are no family relationships between Maxwell and any director or executive officer, no transactions requiring disclosure under Item 404(a) of Regulation S-K, and no arrangements or understandings under which he was selected for the role.
04—Continue