UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
Change in Reasons for Departure of Christina Ibrahim
Weatherford International plc (the “Company”) previously reported on June 8, 2020 that Christina M. Ibrahim, its former Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary, had left the Company and was entitled to certain termination without “cause” benefits and compensation under the Company’s pre-existing compensation plans and applicable policies and related agreements.
On December 15, 2020, following an investigation by outside counsel, the Board of Directors of the Company determined that Ms. Ibrahim was terminated “for cause”. As a result, Ms. Ibrahim is not entitled to certain termination without “cause” benefits and compensation under the Company’s pre-existing compensation plans and applicable policies and related agreements. Ms. Ibrahim’s departure was not the result of any dispute or disagreement with the Company on any matter relating to the Company’s accounting practices or financial statements.
SIGNATURE
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: December 15, 2020 | Weatherford International plc | ||
| By: | /s/ Scott C. Weatherholt | ||
Scott C. Weatherholt |
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Executive Vice President, General Counsel and Chief Compliance Officer |
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