Hornbeck director Amy Nelson resigns from board
A board director resigned effective September 1, 2026, ending her Section 16 reporting obligations for HLX-related equity transactions.
Rhea-AI Filing Summary
HELIX ENERGY SOLUTIONS GROUP INC (HLX), whose issuer entity in this context is Hornbeck Offshore Services, Inc. as renamed, reports that director Amy H. Nelson resigned from the board of directors effective September 1, 2026. Following this resignation, she is no longer subject to Section 16 reporting for transactions in the Issuer’s equity securities.
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Key Figures
Resignation notice date: August 31, 2026
Resignation effective date: September 1, 2026
Section 16 status: No longer subject after September 1, 2026
3 metrics
Resignation notice date
August 31, 2026
Date the director gave notice of resignation to the issuer
Resignation effective date
September 1, 2026
Date the resignation from the board became effective
Section 16 status
No longer subject after September 1, 2026
Director’s obligation to report transactions in issuer equity securities
Key Terms
Section 16, equity securities, Form 4, Form 5
4 terms
Section 16 regulatory
"is no longer subject to Section 16 in connection with her transactions"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
equity securities financial
"her transactions in the equity securities of the Issuer"
Equity securities are financial instruments that represent ownership shares in a company, like owning a slice of a pie that gives you a claim on its assets and future profits. They matter to investors because ownership can provide returns through price appreciation and occasional profit distributions, and may include voting power to influence company decisions, so their value reflects the firm’s performance and investor expectations.
Form 4 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 5 regulatory
"will no longer report any such transactions on Form 4 or Form 5"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
FAQ
What board change does this Form 4 report for HLX?
It reports that Amy H. Nelson resigned from the board of directors of the issuer, Hornbeck Offshore Services, Inc. (formerly Helix Energy Solutions Group, Inc.), effective September 1, 2026.
When did the HLX director submit her resignation notice?
Amy H. Nelson gave notice of her resignation to the issuer on August 31, 2026. The resignation became effective on September 1, 2026.
Is the former HLX director still subject to Section 16 reporting?
No. After her resignation became effective on September 1, 2026, Amy H. Nelson is no longer subject to Section 16 in connection with her transactions in the issuer’s equity securities.
Will Amy H. Nelson file future Forms 4 or 5 for HLX?
No. The filing states she will no longer report any transactions in the issuer’s equity securities on Form 4 or Form 5 following her resignation.
AI-generated analysis. How Rhea-AI works. Not financial advice.