01—Abstract
Summary
Summary of the 8-K filed October 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Halliburton Company (HAL) reported on Form 8-K that its Board of Directors appointed David C.
Hernandez as a director on October 15, 2026, filling a vacancy and leaving the Board size at 12 directors. Mr. Hernandez is President and Director of Hunt Consolidated, Inc., and brings experience in corporate strategy, capital allocation, financial oversight, enterprise risk management, regulatory compliance, and governance. He was appointed to the Audit Committee and the Health, Safety and Environment Committee, and the Board determined he is independent and designated him an audit committee financial expert.
In connection with his committee assignments, Timothy A. Leach moved from the Audit Committee to the Compensation Committee. Hernandez will receive an initial restricted stock unit award of 961 RSUs under the non-management director compensation program, which provides an annual equity award of $200,000a on a prorated basis.
He also entered into an indemnification agreement with Halliburton on October 15, 2026. The filing states that he has no transactions requiring disclosure under Item 404(a) of Regulation S-K.
The company also issued a press release on October 15, 2026, announcing the appointment, which the filing furnishes as Exhibit 99.1. The release states Mr. Hernandez will serve until the 2027 Annual Meeting of Shareholders, subject to annual election thereafter, and quotes Chairman, President and CEO Jeff Miller describing the appointment as part of ongoing board succession and refreshment.
02—Key points
Key Highlights
- David C. Hernandez, President and Director of Hunt Consolidated, Inc., was appointed to the Board on October 15, 2026 to fill a vacancy; the Board size remains at 12 directors.
- Hernandez was appointed to the Audit Committee and the Health, Safety and Environment Committee and designated an audit committee financial expert; the Board determined he is independent.
- Timothy A. Leach moved from the Audit Committee to the Compensation Committee.
- Hernandez will receive an initial award of 961 restricted stock units, prorated from the annual non-management director equity award of $200,000.
- Halliburton entered into an indemnification agreement with Hernandez on October 15, 2026, with the form incorporated by reference as Exhibit 10.1.
- The filing states there are no Item 404(a) related-person transactions involving Hernandez.
- A press release dated October 15, 2026 announcing the appointment is furnished as Exhibit 99.1; it states Hernandez will serve until the 2027 Annual Meeting.
03—Questions
Frequently Asked Questions
Who is David C. Hernandez and what is his background?
Hernandez is President of Hunt Consolidated, Inc., a role he has held since 2025, and he also served as President during 2019-2022 and as Chairman and Managing Director during 2023-2024. Before Hunt Consolidated, he was Vice President of Tax for Electronic Data Systems. He holds a J.D. from The University of Chicago and a Bachelor of Science in Finance from the University of Virginia McIntire School of Commerce.
How is Hernandez compensated as a director?
He will participate in the non-management director compensation arrangements described in Halliburton's 2026 proxy statement and receive an initial RSU award of 961 shares, calculated by prorating the $200,000 annual equity award based on months of service and dividing by the average closing price of the common stock for the prior full calendar month.
What committee changes accompany the appointment?
Hernandez joins the Audit Committee and the Health, Safety and Environment Committee. To make room, the Board moved Timothy A. Leach from the Audit Committee to the Compensation Committee.
Does Hernandez have an indemnification agreement with the company?
Yes. Halliburton entered into an indemnification agreement with him on October 15, 2026, under which it will indemnify and advance certain expenses to the fullest extent permitted by applicable law, subject to listed exceptions and limitations. The form is incorporated by reference as Exhibit 10.1.
04—Continue