[8-K] Nabors Industries Ltd. Reports Material Event

Rhea-AI Filing Summary

Nabors Industries Ltd. (NYSE: NBR) filed an 8-K to announce that on 24 Jul 2025 the Board appointed David J. Tudor, 66, as a director. He will serve on both the Audit Committee and the Risk Oversight Committee, reinforcing the company’s financial and operational governance.

Compensation follows standard Board practice: quarterly cash retainers, prorated from his start date, with an option to take immediately-vested stock options instead of cash. Mr. Tudor also received a pro-rated portion of the $250,000 annual restricted-stock award; this grant vests 100 % on 24 Jul 2026.

The filing states there are no related-party transactions under Reg S-K 404(a) and no family relationships with existing directors or officers, underscoring his independence. A press release (Exhibit 99.1) accompanies the report. No other material events, financial data, or strategic announcements were disclosed.

Positive

• Independence reinforced: Appointment of David J. Tudor, free of related-party ties, bolsters audit and risk oversight.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Neutral; board adds experienced director, limited immediate financial impact.

The 8-K is routine governance disclosure. Adding David Tudor, who joins the Audit and Risk committees, marginally strengthens oversight but does not alter Nabors’ strategic direction or capital structure. Compensation aligns with existing Board policy and is immaterial to overall expense. Absence of related-party ties supports independence. Investors should view the event as governance housekeeping rather than a catalyst for valuation change.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 25, 2025

NABORS INDUSTRIES LTD.

(Exact name of registrant as specified in its charter)

Bermuda		001-32657		98-0363970
(State or Other Jurisdiction of Incorporation or Organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

Crown House 4 Par-la-Ville Road Second Floor Hamilton, HM08 Bermuda		N/A
(Address of principal executive offices)		(Zip Code)

(441) 292-1510

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Common shares		NBR		NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 24, 2025, David J. Tudor, age 66, was appointed to the Board of Directors (the “Board”) of Nabors Industries Ltd. (the “Company”). Mr. Tudor was not appointed to the Board pursuant to any arrangement or understanding between him and any other person. Mr. Tudor will serve as a member of each of the Audit and the Risk Oversight Committees of the Board. In 2025, Mr. Tudor will be entitled to receive retainers for his service on the Board and the Committees consistent with the Company’s practices. All such cash retainers are paid quarterly in arrears and will be pro-rated for Mr. Tudor from the date of his commencement of service. Mr. Tudor may elect to receive immediately vested stock options in lieu of any cash compensation. On July 24, 2025, Mr. Tudor received a pro rata portion of the $250,000 annual restricted stock entitlement granted to the Board members following the 2025 Annual General Meeting. The restricted stock award will vest 100% on July 24, 2026. Finally, Mr. Tudor is entitled to indemnity for his service as a director, in accordance with the Company’s Bye-Laws. Other than as set forth above with respect to his service as a director, there have been no transactions since the Company’s last fiscal year, and no such transactions are proposed, in which the Company is a participant and in which Mr. Tudor had or will have a direct or indirect material interest such that disclosure would be required under Item 404(a) of Regulation S-K. Furthermore, there are no family relationships between Mr. Tudor and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company within the meaning of Item 401(d) of Regulation S-K.

A press release announcing the appointment of Mr. Tudor to the Company’s Board is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

	NABORS INDUSTRIES LTD.
Date: July 25, 2025	By:	/s/ Mark D. Andrews
		Mark D. Andrews
		Corporate Secretary

FAQ

Who did Nabors Industries (NBR) appoint to its Board?

David J. Tudor, age 66, joined the Board on 24 Jul 2025.

Which committees will David Tudor serve on at Nabors?

He will sit on the Audit Committee and the Risk Oversight Committee.

What compensation will the new Nabors director receive?

Prorated quarterly cash retainers (or stock options in lieu) plus a $250,000 restricted-stock award vesting 24 Jul 2026.

Are there any related-party transactions involving the new director?

No. The 8-K states no transactions requiring disclosure under Reg S-K 404(a).

When will David Tudor's restricted stock vest?

The grant will vest 100 % on 24 Jul 2026.