Current Report Filing (8-k)
January 30 2017 - 4:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 26, 2017
DRIL-QUIP, INC.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-13439
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74-2162088
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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6401 N. Eldridge Parkway
Houston, Texas
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77041
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (713)
939-7711
Check the
appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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On January 26, 2017, each executive officer of Dril-Quip, Inc. (the Company)
voluntarily agreed to a ten percent reduction in his base salary effective January 30, 2017 (the Salary Reduction) based upon a proposal of the Chief Executive Officer of the Company, which was approved by the Compensation Committee
of the Board of Directors of the Company (the Board) and the Board. The following table sets forth, for each executive officer, his base salary prior to the Salary Reduction (the Original Base Salary) and his reduced base
salary (the Reduced Base Salary).
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Executive Officer/Title
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Original Base Salary
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Reduced Base Salary
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Blake T. DeBerry, President and Chief Executive Officer
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$
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680,000
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$
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612,000
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James A. Gariepy, Senior Vice President and Chief Operating Officer
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$
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625,000
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$
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562,500
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Jerry M. Brooks, Vice PresidentFinance and Chief Financial Officer
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$
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395,000
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$
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355,500
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James C. Webster, Vice PresidentGeneral Counsel and Secretary
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$
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355,000
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$
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319,500
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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DRIL-QUIP, INC.
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By:
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/s/ James C. Webster
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James C. Webster
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Vice President General Counsel and Secretary
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Date: January 30, 2017
3
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