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8-KThe WireRoutine

Reg FD Disclosure · Company Update

Filed Sep 6, 2023 · 2y ago · Accession 0000046765-23-000049

Plain English

Material event — a significant development the company must disclose promptly.

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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): September 6, 2023 HELMERICH & PAYNE, INC. (Exact name of registrant as specified in its charter) DE 1-4221 73-0679879 (State or other jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 1437 South Boulder Avenue, Suite 1400 Tulsa , OK 74119 (Address of principal executive offices and zip code) ( 918 ) 742-5531 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock ($0.10 par value) HP NYSE 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.): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ 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 ☐ 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. ☐ ITEM 7.01 REGULATION FD DISCLOSURE The Directors of Helmerich & Payne, Inc. (the “ Company ”), at a Board of Directors meeting held on September 6, 2023, declared a quarterly cash dividend of $0.25 per share on the Company's common stock, payable on December 4, 2023, to stockholders of record at the close of business November 20, 2023 (the “ Base Dividend ”). The Company is in the process of developing its fiscal 2024 capital budget. When completed, the budget will serve as a basis for determining any shareholder return plans for fiscal 2024, taking into consideration various factors, which may be similar to or different from those used to establish the fiscal 2023 plan. The Company expects to announce its fiscal 2024 capital budget and shareholder return plans, inclusive of any supplemental dividends, in the first quarter of fiscal 2024. This information is being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. ITEM 8.01 OTHER EVENTS The information set forth in Item 7.01 of this Current Report on Form 8-K with respect to the Base Dividend is incorporated into this Item 8.01 by reference. Forward Looking Statements This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the registrant’s budget planning and development, supplemental shareholder return plans and amounts of any future dividends are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections and other disclosure in the Company’s SEC filings, including but not limited to its annual report on Form 10‑K and quarterly reports on Form 10‑Q. As a result of these factors, the Company’s actual results may differ materially from those indicated or implied by such forward-looking statements. Investors are cautioned not to put undue reliance on such statements. We undertake no duty to publicly update or revise any forward-looking statements, whether as a result of new information changes in internal estimates, expectations or otherwise, except as required under applicable securities laws. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       HELMERICH & PAYNE, INC.     By: /s/ William H. Gault   Name: William H. Gault   Title: Date: Corporate Secretary September 6, 2023
Filing details
Ticker
HP
CIK
46765
Form type
8-K
Filing date
Sep 6, 2023
Report date
Sep 6, 2023
Document
hp-20230906.htm
Size
148 KB