UNITED STATES
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 14, 2024, Diamond Offshore Drilling, Inc. (the “Company”) appointed Jon L. Richards as Senior Vice President and Chief Operating Officer of the Company, effective immediately.
Mr. Richards, age 50, has served as the Company’s Senior Vice President, Worldwide Operations since April 2020. From 2012 through 2020, he served as the Company’s Vice President, Operations. Mr. Richards joined the Company in 1997 and has worked in a wide variety of operational roles, including leadership positions of increasing responsibility and global scope.
In connection with this appointment, Mr. Richards will receive an increase in his annual base salary from $428,000 to $475,000. Mr. Richards will continue to report to Bernie Wolford, Jr., President and Chief Executive Officer.
There are no arrangements or understandings between Mr. Richards and any other persons pursuant to which Mr. Richards was appointed as Senior Vice President and Chief Operating Officer. Mr. Richards does not have any family relationship with any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. Other than his employment relationship with the Company as disclosed herein, and his compensation and benefits in connection with such employment relationship, there are no transactions in which Mr. Richards has an interest requiring disclosure under Item 404(a) of Regulation S-K.
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SIGNATURES
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.
| Date: March 15, 2024 | DIAMOND OFFSHORE DRILLING, INC. | |||||
| By: | /s/ David L. Roland | |||||
| David L. Roland | ||||||
| Senior Vice President, General Counsel and Secretary | ||||||
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