We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Independence Contract Drilling Inc | NYSE:ICD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -2.16% | 1.81 | 1.87 | 1.81 | 1.83 | 18,119 | 21:00:02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delaware
|
|
001-36590
|
|
37-1653648
|
|
|
|
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20475 State Highway 249, Suite 300
Houston, TX 77070 |
|
|
||||
|
|
|
(Address of principal executive offices)
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
(281) 598-1230
|
|
|
|
|
|
|
|
(Registrant’s telephone number, including area code)
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
N/A
|
|
|
|
|
|
|
(Former name or former address, if changed since last report)
|
|
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
|
|
|
|
Emerging growth company o
|
|
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
|
Securities registered pursuant to Section 12(b) of the Act:
|
||||
Title of each class
|
|
Trading symbol(s)
|
|
Name of each exchange where registered
|
Common Stock, $0.01 par value per share
|
|
ICD
|
|
New York Stock Exchange
|
Item 5.02
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
NEO
|
Time-Based Awards(1)
|
Performance-Based Awards
|
|||||
TSR(2)
|
ROIC(3)
|
Total Performance Award Units
|
|||||
|
|
|
|
|
|
||
Share Settle Units
|
Cash Settle Units
|
Total Time-Based Units
|
Share Settle Units
|
Cash Settle Units
|
Cash Settle Units
|
||
J. Anthony Gallegos, Jr.
|
442,564
|
221,282
|
663,846
|
221,282
|
110,641
|
331,923
|
663,846
|
President & Chief Executive Officer
|
|||||||
Philip A. Choyce
|
164,564
|
82,282
|
246,846
|
82,282
|
41,141
|
123,423
|
246,846
|
Executive Vice President & Chief Financial Officer
|
|||||||
Christopher K. Menefee
|
92,615
|
46,308
|
138,923
|
46,307
|
23,155
|
69,462
|
138,924
|
Senior Vice President - Business Development
|
|||||||
Non-Employee Directors (five individuals)
|
51,282
|
25,641
|
76,923
|
—
|
—
|
—
|
—
|
(1)
|
Executive Time-Based Awards are subject to continued employment and vest in 1/3 increments on each of the first, second and third anniversary of the date of grant. Director Time-Based Awards issued to non-employee directors are subject to a one-year vesting requirement.
|
(2)
|
TSR Award share numbers represent target amounts. TSR Awards vest on the third anniversary of the date of grant, at a rate of 0 to 200% of the target share award dependent upon the Company’s relative total shareholder return compared to a peer group of 8 companies. For 2020 awards, the Peer Group of companies included: Helmerich & Payne; Nabors Industries, Ltd; Patterson-UTI, Inc.; Precision Drilling Corporation; Ensign Energy Services Inc; RPC, Inc.; Superior Energy Services, Inc.; and Basic Energy Services, Inc.
|
(3)
|
ROIC Award share numbers represent target amounts. ROIC Awards vest on the third anniversary of the date of grant, at a rate of 0 to 200% of the target share award dependent upon the Company’s return on invested capital compared to predetermined measures during each of the three calendar years ending during the three-year performance period.
|
Item 9.01
|
Financial Statements and Exhibits.
|
Exhibit Number
|
Description of the Exhibits
|
|
|
|
|
|
|
|
|
|
|
|
Independence Contract Drilling, Inc.
|
||
|
|
|
|
|||
Date: February 13, 2020
|
|
|
|
By:
|
|
/s/ Philip A. Choyce
|
|
|
|
|
Name:
|
|
Philip A. Choyce
|
|
|
|
|
Title:
|
|
Executive Vice President, Chief Financial Officer, Treasurer and Secretary
|
1 Year Independence Contract Dr... Chart |
1 Month Independence Contract Dr... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions