KLX Energy Services Holdings, Inc. — Form 10-Q
Filed August 11, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
KLX amended and restated the employment agreement of Christopher J. Baker, President and CEO, effective August 11, 2026. Baker's base compensation is $715,000 annually with a target bonus of 110% of base salary. Severance for termination without Cause or Good Reason is 2x base plus 2x target bonus plus 18 months COBRA; upon Change in Control within 24 months, severance rises to 3x base plus 3x target bonus. The original employment agreement from July 28, 2020 is superseded and replaced entirely.
Why this rating
Routine CEO contract renewal at micro-cap firm; $715K base is ~2.5% of $29M market cap; no material financial change or operational impact disclosed.
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