National Energy Services (OTC: NESR) appoints Maen Razouqi to its board
Rhea-AI Filing Summary
National Energy Services Reunited Corp. appointed Maen Razouqi as an additional independent member of its board of directors on July 15, 2026, with the appointment effective August 1, 2026. The company is incorporated in the British Virgin Islands and its ordinary shares trade on the Nasdaq Capital Market under the symbol NESR.
Razouqi will serve as a non-management director and be compensated under the director program described in the definitive proxy statement dated March 24, 2026. The company states there are no arrangements underlying his selection and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Positive
- None.
Negative
- None.
Filing Explained
The filing does not yet identify which Board committees Maen Razouqi will join, leaving his specific committee responsibilities unresolved as of the July 15 appointment.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Commission File Number: 001-38091
Appointment date: July 15, 2026
Effective date: August 1, 2026
+2 more
5 metrics
Commission File Number
001-38091
SEC registration identifier for National Energy Services Reunited Corp.
Appointment date
July 15, 2026
Date the board appointed Maen Razouqi as an additional independent director
Effective date
August 1, 2026
Date Maen Razouqi’s service on the board becomes effective
Proxy statement date
March 24, 2026
Date of definitive proxy statement describing director compensation
Trading Symbol
NESR
Ordinary shares listed on The Nasdaq Capital Market
Key Terms
independent member of the Board, definitive proxy statement, Item 404(a) of Regulation S-K, Emerging growth company
4 terms
independent member of the Board regulatory
"appointed Maen Razouqi as an additional independent member of the Board"
definitive proxy statement regulatory
"compensated as described in the Company’s definitive proxy statement"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Item 404(a) of Regulation S-K regulatory
"required to be disclosed pursuant to Item 404(a) of Regulation S-K"
Emerging growth company regulatory
"Emerging growth company Item 5.02 Departure of Directors"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did NESR announce on July 15, 2026?
National Energy Services Reunited Corp. appointed Maen Razouqi as an additional independent member of its board of directors. The appointment was approved on July 15, 2026 and adds another non-management director to support the company’s corporate governance structure.
When does Maen Razouqi’s appointment to NESR’s board become effective?
Maen Razouqi’s appointment becomes effective on August 1, 2026. He was appointed by the board on July 15, 2026, with his service as an independent, non-management director beginning as of that effective date, subject to the usual corporate governance processes.
How will NESR compensate new director Maen Razouqi?
Maen Razouqi will be compensated as a non-management director under NESR’s director compensation program described in its definitive proxy statement filed on March 24, 2026. His pay will follow the same structure applicable to the company’s other non-management directors.
Is Maen Razouqi considered an independent or management director at NESR?
The board has appointed Maen Razouqi as an independent, non-management director. This means he is not part of the company’s executive management team and is expected to provide independent oversight within the board’s governance role and committee structure once assignments are made.