Drilling Tools International (DTI) director Thomas “Roe” Patterson not seeking reelection
Rhea-AI Filing Summary
Drilling Tools International Corporation reported that board member Thomas M. “Roe” Patterson has decided to end his tenure as a director. He informed the Board on December 16, 2025 that he will not seek reelection, and his service will conclude at the Company’s next annual meeting of stockholders. The Company states that Mr. Patterson’s decision is not due to any disagreement with Drilling Tools International on its operations, policies, or practices. This indicates an orderly and planned board transition rather than a conflict-driven departure.
Positive
- None.
Negative
- None.
FAQ
What board change did Drilling Tools International (DTI) disclose?
Drilling Tools International Corporation disclosed that director Thomas M. “Roe” Patterson has decided to end his tenure on the Board, effective at the Company’s next annual meeting of stockholders.
When will Thomas M. “Roe” Patterson leave the Drilling Tools International (DTI) board?
Mr. Patterson’s service as a director will end concurrently with Drilling Tools International’s next annual meeting of stockholders.
Did Thomas M. “Roe” Patterson resign from DTI’s board because of a disagreement?
No. The Company states that Mr. Patterson’s decision to not seek reelection is not the result of any disagreement with Drilling Tools International on its operations, policies, or practices.
What type of SEC filing did Drilling Tools International use to report this board change?
The change was reported in a Form 8-K under the item covering departures of directors and certain officers, elections of directors, and appointments of certain officers.
Who signed the report for Drilling Tools International (DTI)?
The report was signed on behalf of Drilling Tools International Corporation by David R. Johnson, the Company’s Chief Financial Officer and principal financial and accounting officer.
Does the 8-K mention any changes to Drilling Tools International’s operations or strategy?
No. The disclosure is limited to Mr. Patterson’s decision regarding his Board tenure, and explicitly notes it is not due to disagreements over operations, policies, or practices.