KLX Energy Services Holdings, Inc. (KLXE): director John Collins resigned

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 29, 2026, at the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the “Board”) of KLX Energy Services Holdings, Inc. (the “Company”), the Board appointed Franklin S. Edmonds, Jr. and E. Dirk Hallen to the Board as independent directors, effective immediately. The Board designated Mr. Edmonds as a Class II Director to serve until the Company’s 2029 Annual Meeting of Stockholders or his earlier resignation, retirement or other termination of service. The Board designated Mr. Hallen as a Class III Director to serve until the Company’s 2027 Annual Meeting of Stockholders or his earlier resignation, retirement or other termination of service. Based upon information requested from and provided by Messrs. Edmonds and Hallen concerning their background, employment and affiliations, including family relationships, the Board determined that Messrs. Edmonds and Hallen do not have any relationships that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that Messrs. Edmonds and Hallen are “independent” as that term is defined under the applicable rules and regulations of the Securities and Exchange Commission and the listing requirements of the Nasdaq Stock Market. There are no family relationships between Messrs. Edmonds and Hallen and any director or executive officer of the Company, and there are no arrangements or understandings between Messrs. Edmonds and Hallen and any other persons pursuant to which they were appointed as directors of the Company.
Messrs. Edmonds and Hallen have been appointed as members of the Nominating and Corporate Governance Committee, effective as of October 29, 2026. Mr. Edmonds has also been appointed as member of the Audit Committee, and Mr. Hallen has also been appointed as member of the Compensation Committee.
Messrs. Edmonds and Hallen will receive the standard non-employee director compensation for their service as directors. For a full description of the compensation program for the Company’s non-employee directors, please see the Company’s Definitive Proxy Statement filed on March 26, 2026.
On October 29, 2026, John Collins and Tom McCaffrey announced to the board of directors (the “Board”) of the Company their intention to resign with immediate effect. Messrs. Collins and McCaffrey’s departure from the Board was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.