Helmerich Payne (HP) Director Rooney Resigns

September 8, 2016 2:56 PM EDT

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Helmerich Payne (NYSE: HP) disclosed the following in a U.S. SEC filing on Thursday:

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

(b) On September 7, 2016, Ambassador Francis Rooney informed Helmerich & Payne, Inc. (the “Company”) of his decision to resign from the Company’s Board in order to continue his run for a Florida congressional seat. The Company appreciates Ambassador Rooney’s distinguished service on the Board since June of 2008. The effective date of the resignation was September 7, 2016. As a consequence of Mr. Rooney’s resignation, Board membership will decrease from nine to eight Directors.

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