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    Amendment: SEC Form 10-K/A filed by DNOW Inc.

    2/18/25 4:31:56 PM ET
    $DNOW
    Metal Fabrications
    Industrials
    Get the next $DNOW alert in real time by email
    10-K/A
    FY0001599617true00015996172025-02-0700015996172024-06-2800015996172024-01-012024-12-31xbrli:sharesiso4217:USD

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 10-K/A

    (Amendment No. 1)

     

    (Mark one)

     

    ☒

    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    FOR THE YEAR ENDED DECEMBER 31, 2024

    OR

     

    ☐

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    Commission file number 001-36325

     

    DNOW INC.

    (Exact name of registrant as specified in its charter)

     

     

    img71577786_0.jpg

    Delaware

    46-4191184

    (State of Incorporation)

    (IRS Identification No.)

     

    7402 North Eldridge Parkway, Houston, Texas 77041

    (281) 823-4700

    (Address of principal executive offices)

    (Registrant’s telephone number, including area code)

    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

     

    DNOW

    New York Stock Exchange

     

    Securities registered pursuant to Section 12(g) of the Act: None

     

    Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐

    Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the Act. Yes ☐ No ☒

    Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

    Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

    Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

     

    ☒

    Large accelerated filer

     

    ☐

    Accelerated filer

     

    ☐

    Smaller reporting company

    ☐

    Non-accelerated filer

     

     

     

     

    ☐

    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. ☐

    Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒

    If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

    Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

    Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

    The aggregate market value of common stock held by non-affiliates of the registrant as of June 28, 2024 was $1.5 billion. As of February 7, 2025, there were 105,687,410 shares of the Company’s common stock (excluding 2,316,154 unvested restricted shares) outstanding.

    Documents Incorporated by Reference

    Portions of the Proxy Statement in connection with the 2025 Annual Meeting of Stockholders are incorporated in Part III of this report.

     

     


    EXPLANATORY NOTE

    DNOW Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment”) to amend the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Original Filing”), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 18, 2025 (the “Original Filing Date”). The sole purpose of this Amendment is to supplement the Exhibits contained in Item 15(a)(3) of Part IV of the Original Filing to include our Insider Trading Policies as Exhibits 19, which were inadvertently omitted in the Original Filing.

    This Amendment is an exhibit-only filing. Except as described above, no changes have been made to the Original Filing and this Amendment does not modify, amend, or update in any way any of the financial or other information contained in the Original Filing. This Amendment does not reflect events that may have occurred subsequent to the Original Filing Date. Accordingly, this Amendment should be read in conjunction with the Original Filing and the Company’s other filings with the SEC.

    Pursuant to Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), currently dated certifications are filed herewith as exhibits to this Amendment pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act under Item 15 of Part IV hereof. Because no financial statements have been included in this Amendment and this Amendment does not contain any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Similarly, because no financial statements have been included in this Amendment, certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.

    2


    PART IV

    ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

    Item 15 is hereby supplemented to added Exhibit 19 Insider Trading Policy and to include two certifications as Exhibits 31.3 and 31.4.

    (3) Exhibits

    19.1

     

    Policy on Insider Trading (1)

     

     

     

    19.2

     

    Policy regarding Special Insider Trading Procedures (1)

     

     

     

    31.3

     

    Certification of Chief Executive Officer pursuant to Rule 13a-14a and Rule 15d-14(a) of the Securities and Exchange Act, as amended (1)

     

     

     

    31.4

     

    Certification of Chief Financial Officer pursuant to Rule 13a-14a and Rule 15d-14(a) of the Securities and Exchange Act, as amended (1)

     

     

     

    101.INS

     

    Inline XBRL Instance Document – The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document

     

     

     

    101.SCH

     

    Inline XBRL Taxonomy Extension Schema Document

     

     

     

    101.CAL

     

    Inline XBRL Taxonomy Extension Calculation Linkbase Document

     

     

     

    101.DEF

     

    Inline XBRL Taxonomy Extension Definition Linkbase Document

     

     

     

    101.LAB

     

    Inline XBRL Taxonomy Extension Label Linkbase Document

     

     

     

    101.PRE

     

    Inline XBRL Taxonomy Extension Presentation Linkbase Document

     

     

     

    104

     

    Cover Page Interactive Data File (embedded within the Inline XBRL document)

    _________________________________________

    (1)
    Filed herewith.

    3


    SIGNATURES

    Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused Amendment No. 1 to this report to be signed on its behalf by the undersigned, thereunto duly authorized.

    DNOW Inc.

    Date: February 18, 2025

    By:

     

    /s/ David A. Cherechinsky

    David A. Cherechinsky

    President, Chief Executive Officer and Director

     

     

    4


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