UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 8, 2024, Innovex International, Inc. (the “Company”) entered into letter agreement with Kyle McClure, the former Vice President and Chief Financial Officer of the Company, pursuant to which Mr. McClure will provide specified services as independent contractor to the Company related to a financial settlement of amounts due to the Company from a counterparty (the “McClure Letter Agreement”). Pursuant to the McClure Letter Agreement, the Company will pay Mr. McClure a fixed rate of $10,000 per month, payable within 10 days of Mr. McClure’s submission, and the Company’s approval, of monthly invoices submitted to the Company by Mr. McClure. The McClure Letter Agreement provides for an additional fixed fee of $10,000 for any out of country trip performed at the request of the Company. The McClure Letter Agreement may be terminated by the Company or Mr. McClure upon written notice to other party and the Company will pay Mr. McClure any fees then due and payable for services completed up to and including the date of termination.
The foregoing description is qualified in its entirety by the full text of the McClure Letter Agreement, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Exhibits. |
(d) Exhibits:
| 10.1 | Letter Agreement between Innovex International, Inc. and Kyle McClure, dated as of September 8, 2024. | |
| 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.
| INNOVEX INTERNATIONAL, INC. | ||
| By: | /s/ Adam Anderson | |
| Adam Anderson | ||
| Chief Executive Officer | ||
Date: September 12, 2024