NOV (NYSE: NOV) appoints Kennametal CEO Sanjay Chowbey to its board

Rhea-AI Filing Summary

NOV Inc. filed a current report announcing that its Board of Directors appointed Sanjay K. Chowbey as a director, effective March 17, 2026, with his term expiring at the next annual meeting of stockholders. He will serve on the Board’s Audit Committee and receive the company’s standard compensation for non-employee directors as described in its 2025 proxy statement. Chowbey is President and Chief Executive Officer of Kennametal Inc. and serves on its board, bringing more than 20 years of experience leading global manufacturing and industrial technology businesses. With his appointment, NOV’s Board now has nine directors, eight of whom are independent members.

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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): March 17, 2026

NOV INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			1-12317	76-0475815
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
10353 Richmond Ave.
Houston, Texas				77042
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 346 223-3000

(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 each exchange on which registered
Common Stock, par value $0.01 per share		NOV		New York Stock Exchange

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.

Election of Director

On March 17, 2026, the Board of Directors (the “Board”) of NOV Inc. (the “Company”) appointed Sanjay K. Chowbey as a director of the Company, with a term of office expiring at the next annual meeting of stockholders. Mr. Chowbey will serve on the Board’s Audit Committee. As compensation for his service on the Board, Mr. Chowbey will receive the Company’s standard compensation for non-employee directors, which is described under the heading “Director Compensation” in the Company’s definitive proxy statement relating to the Company’s annual meeting of stockholders in 2025, filed with the Securities and Exchange Commission on April 9, 2025, as such compensation may be updated from time to time. In addition, there are no transactions in which Mr. Chowbey has an interest that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Chowbey, age 58, has more than 20 years of experience leading global manufacturing and industrial technology businesses, including in his current role as the President and Chief Executive Officer of Kennametal Inc. (NYSE: KMT), a global manufacturer of advanced tooling, wear-resistant materials, and engineered components. Mr. Chowbey also serves on Kennametal Inc.’s board of directors.

Mr. Chowbey earned a Bachelor of Science in Mechanical Engineering from B.I.T. in Sindri, India, a Master of Science in Mechanical Engineering from the Tennessee Technological University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

With the appointment of Mr. Chowbey, the Board is composed of nine directors, eight of whom are independent members.

Item 7.01. Regulation FD Disclosure.

On March 17, 2026, the Company issued a press release announcing the appointment of Sanjay K. Chowbey to the Board. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor incorporated by reference into any filing under the Securities Act or Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are provided as part of the information furnished under Item 7.01 of this Current Report on Form 8-K:

99.1		NOV Inc. press release dated March 17, 2026 announcing appointment of Sanjay K. Chowbey.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

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.

			NOV INC.
Date:	March 18, 2026	By:	/s/ Peter F. Vranderic
			Peter F. Vranderic Vice President

Exhibit 99.1

NEWS Contact: Amie D'Ambrosio (713) 375-3826

NOV Appoints Sanjay Chowbey, President & CEO of Kennametal Inc., to the Board of Directors

HOUSTON, TX, March 17, 2026 – NOV Inc. (NYSE: NOV) announced today that Sanjay Chowbey has been appointed to the Company’s Board of Directors (the “Board”), effective March 17, 2026.

“We are pleased to welcome Sanjay Chowbey to our board of directors,” said Jose Bayardo, Chairman, President, and Chief Executive Officer. “Sanjay brings a successful track record of leading high-quality global industrial companies and extensive experience driving manufacturing and operational excellence. We are confident that Sanjay’s expertise will help drive additional value for NOV’s shareholders.”

Mr. Chowbey has more than 20 years of experience leading global manufacturing and industrial technology businesses, including in his current role as the President and Chief Executive Officer of Kennametal Inc. (NYSE: KMT), a global manufacturer of advanced tooling, wear-resistant materials, and engineered components. Mr. Chowbey also serves on Kennametal Inc.’s board of directors. Prior to his current role, Mr. Chowbey served as the President of Kennametal Inc.’s Metal Cutting segment.

Before his time at Kennametal Inc., Mr. Chowbey served in various roles of increasing seniority across several prominent global industrial companies, including as the President of Flowserve Corporation’s (NYSE: FLS) Services and Solutions business, as well as roles with Danaher Corporation and Arvin Meritor, Inc. Mr. Chowbey is also a member of the Board of Directors for the National Association of Manufacturers (NAM).

Mr. Chowbey earned a Bachelor of Science in Mechanical Engineering from B.I.T. in Sindri, India, a Master of Science in Mechanical Engineering from the Tennessee Technological University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

Mr. Chowbey will serve on NOV Inc.’s Audit Committee upon his appointment to the Board.

With the appointment of Mr. Chowbey, the Board is composed of nine directors, eight of whom are independent members.

About NOV

NOV (NYSE: NOV) delivers technology-driven solutions to empower the global energy industry. For more than 160 years, NOV has pioneered innovations that enable its customers to safely and efficiently produce abundant energy while minimizing environmental impact. NOV powers the industry that powers the world.

Visit www.nov.com for more information.

Source: NOV Inc.

CONTACT:

Amie D’Ambrosio

Director, Investor Relations

(713) 375-3826

amie.dambrosio@nov.com

FAQ

What board change did NOV (NOV) announce in this 8-K filing?

NOV announced the appointment of Sanjay K. Chowbey to its Board of Directors, effective March 17, 2026. He will serve until the next annual stockholder meeting and also join the Audit Committee, expanding the Board to nine members in total.

Who is Sanjay K. Chowbey, the new director at NOV (NOV)?

Sanjay K. Chowbey is President and Chief Executive Officer of Kennametal Inc., a global manufacturer of advanced tooling and wear-resistant materials. He has over 20 years of experience leading industrial technology businesses and also serves on Kennametal’s board of directors and the National Association of Manufacturers.

What committee will Sanjay K. Chowbey join on NOV’s (NOV) board?

Sanjay K. Chowbey will serve on NOV’s Audit Committee upon his appointment to the Board. The Audit Committee oversees financial reporting and internal controls, so his extensive manufacturing and operational background supports NOV’s governance and oversight of accounting and audit matters.

How does Sanjay K. Chowbey’s appointment change NOV (NOV)’s board composition?

With Sanjay K. Chowbey’s appointment, NOV’s Board now consists of nine directors, eight of whom are independent members. This maintains a predominantly independent board structure while adding a director with deep experience in global industrial and manufacturing operations.

How will NOV (NOV) compensate Sanjay K. Chowbey for his board service?

Sanjay K. Chowbey will receive NOV’s standard compensation for non-employee directors, as described under “Director Compensation” in the company’s 2025 definitive proxy statement. That compensation framework may be updated from time to time according to NOV’s board-approved policies.

Did NOV (NOV) disclose any related-party transactions involving Sanjay K. Chowbey?

NOV stated there are no transactions involving Sanjay K. Chowbey that would require disclosure under Item 404(a) of Regulation S-K. This indicates the company does not identify material related-party transactions between Chowbey and NOV under current regulatory standards.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 12.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.3 KB