Halliburton elects Maurice Smith lead independent director
Halliburton Company (HAL) announced that on September 15, 2026, the independent directors of its Board of Directors elected Maurice S. Smith as Lead Independent Director, effective immediately.
Rhea-AI Filing Summary
Halliburton Company (HAL) announced that on September 15, 2026, the independent directors of its Board of Directors elected Maurice S. Smith as Lead Independent Director, effective immediately. He will serve until the next annual election of the Lead Independent Director by the independent directors, or until his earlier death, resignation, or removal.
In connection with this role, Mr. Smith will receive an additional $40,000 annual retainer under the non-management director compensation program described in Halliburton’s March 31, 2026 proxy statement. Robert A. Malone will continue to serve as a director of the company, and the Board expressed appreciation for his service as Lead Independent Director.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Additional annual retainer for Lead Independent Director: $40,000
Effective date of Lead Independent Director election: September 15, 2026
Par value of common stock: $2.50 per share
+1 more
4 metrics
Additional annual retainer for Lead Independent Director
$40,000
Annual retainer for Maurice S. Smith’s service as Lead Independent Director
Effective date of Lead Independent Director election
September 15, 2026
Date Maurice S. Smith was elected Lead Independent Director
Par value of common stock
$2.50 per share
Halliburton common stock registered under Section 12(b)
Proxy statement reference date
March 31, 2026
Date of proxy statement describing non-management director compensation program
Key Terms
Lead Independent Director, independent directors, non-management director compensation program, par value
4 terms
Lead Independent Director regulatory
"elected Mr. Maurice S. Smith as Lead Independent Director, effective immediately"
A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.
independent directors regulatory
"the independent directors of the Board of Directors elected Mr. Maurice S. Smith"
Members of a company’s board who do not have significant business, family, or financial ties to the company and are not part of its management; they are chosen to provide impartial oversight of strategy, financial reporting, executive pay and risk. They matter to investors because independent directors act like an objective referee, helping ensure decisions favor shareholders’ long-term interests rather than insiders, which can strengthen trust and reduce the chance of mismanagement or conflicts of interest.
non-management director compensation program financial
"consistent with the non-management director compensation program described in the Company’s"
par value financial
"Common Stock, par value $2.50 per share | HAL | New York Stock Exchange"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Board change did HALLIBURTON CO (HAL) announce on September 15, 2026?
Halliburton reported that on September 15, 2026, its independent directors elected Maurice S. Smith as Lead Independent Director, effective immediately, to serve until the next annual election of the Lead Independent Director or his earlier death, resignation, or removal.
What additional compensation will the new Lead Independent Director of HAL receive?
Maurice S. Smith will receive an additional $40,000 annual retainer for serving as Lead Independent Director, consistent with Halliburton’s non-management director compensation program described in its proxy statement filed on March 31, 2026.
How long will Maurice S. Smith serve as Lead Independent Director at HAL?
Maurice S. Smith will serve as Lead Independent Director until the next annual election of the Lead Independent Director by the independent directors, or until the earlier of his death, resignation, or removal.
Does Robert A. Malone remain on the Board of HALLIBURTON CO (HAL)?
Yes. The filing states that Robert A. Malone will continue to serve as a director of Halliburton Company, and the Board and the company thanked him for his years of service as Lead Independent Director.
What is the trading symbol and listing venue for Halliburton’s common stock?
Halliburton’s common stock, par value $2.50 per share, trades under the symbol HAL on the New York Stock Exchange and NYSE Texas, Inc., as indicated in the securities registration section.
AI-generated analysis. How Rhea-AI works. Not financial advice.
