Item 9A. Controls and Procedures
Item 9A. Controls and Procedures
Disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. This information is collected and communicated to management, including our Chief Executive Officer (“CEO”) and the Chief Financial Officer (“CFO”), as appropriate, to allow timely decisions regarding required disclosures. Our management, under the supervision of and with the participation of our CEO and CFO, evaluated the effectiveness of the design and operation of our disclosure controls and procedures at December 31, 2021. Based on that evaluation, our CEO and CFO concluded that our disclosure controls and procedures were effective as of December 31, 2021.
Management’s Annual Report on Internal Control Over Financial Reporting
Management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting as such term is defined in Rules 13a-15(f) of the Exchange Act. The Company’s internal controls are designed to provide reasonable, but not absolute, assurance as to the reliability of its financial reporting and the preparation of financial statements for external purposes in accordance with U.S. GAAP.
Our management, including our CEO and CFO, does not expect that our internal control over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the benefits of controls must be considered relative to their costs. Because of the inherent limitations in a system of internal control over financial reporting, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any control system is also based, in part, upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.
Management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2021 using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control – An Integrated Framework (2013). As a result of this assessment, management concluded that as of December 31, 2021, our internal control over financial reporting was effective based on these criteria.
KPMG LLP has issued an attestation report dated February 17, 2022, on our internal control over financial reporting, which is contained in this Annual Report on Form 10-K.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting, that occurred during the fourth quarter ended December 31, 2021, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Item 9B. Other Information
None.
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Table of Contents Item 10 | Directors, Executive Officers and Corporate Governance
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Not applicable.
PART III
Item 10. Directors, Executive Officers and Corporate Governance
See “Item 1. – Business – Executive Officers of Weatherford” of this report for Item 10 information regarding executive officers of Weatherford. Pursuant to General Instructions G(3), information on our directors and corporate governance matters is incorporated by reference from our Proxy Statement for the 2022 Annual General Meeting of Shareholders.
We have adopted a code of ethics entitled “Code of Business Conduct,” which applies to all our employees, officers and directors. Copies of these codes can also be found at www.weatherford.com.
We intend to satisfy the requirement under Item 5.05 of Form 8-K to disclose any amendments to our Code of Business Conduct and any waiver from any provision of our Code of Business Conduct by posting such information on our website at www.weatherford.com.
Item 11. Executive Compensation
Information on executive compensation is incorporated by reference from our Proxy Statement for the 2022 Annual General Meeting of Shareholders.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Information on security ownership of certain beneficial owners and management and related shareholder matters is incorporated by reference from our Proxy Statement for the 2022 Annual General Meeting of Shareholders.
Item 12(d). Securities Authorized for Issuance under Equity Compensation Plan Information
The following table provides information as of December 31, 2021, about the number of shares to be issued upon vesting or exercise of equity awards as well as the number of shares remaining available for issuance under our equity compensation plans.
Equity Compensation Plan Information
Plan Category
(Shares in thousands, except share prices)
Numbers of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)
Weighted Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities Available for Future Issuance Under Equity Compensation Plans (b)
Equity compensation plans approved by shareholders (c)
5,197 $ — 3,145
(a) Including shares that could potentially be issued if maximum performance metrics were achieved.
(b) Excluding shares reflected in the first column of this table.
(c) Includes our 2019 Plan, which was approved in connection with our emergence from bankruptcy in December of 2019 and last amended and restated in 2020.
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Table of Contents Item 15 | Exhibits
Item 13. Certain Relationships and Related Transactions, and Director Independence
Information on certain relationships and related transactions and director independence is incorporated by reference from our Proxy Statement for the 2022 Annual General Meeting of Shareholders.
Item 14. Principal Accounting Fees and Services
Information on principal accounting fees and services is incorporated by reference from our Proxy Statement for the 2022 Annual General Meeting of Shareholders.
PART IV
Item 15. Exhibits, Financial Statement Schedules
(a) The following documents are filed as part of this report or incorporated by reference:
1. The Consolidated Financial Statements of the Company listed on page 41 of this report.
2. The financial statement schedule on page 95 of this report.
3. The exhibits of the Company listed below under Item 15(b); all exhibits are incorporated herein by reference to a prior filing as indicated, unless designated by a dagger (†) or double dagger (††).
(b) Exhibits:
Exhibit Number Description Original Filed Exhibit File Number
3.1 Amended and Restated Memorandum and Articles of Association of Weatherford International public limited company.
Exhibit 3.1 of the
Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
†4.1 Description of the Securities.
4.2 Indenture, dated December 13, 2019, by and among Weatherford International Ltd., as issuer, the guarantors thereto and Deutsche Bank Trust Company Americas, as trustee.
Exhibit 4.1 of the Company’s Current
Report on Form 8-K
filed December 18, 2019 File No. 1-36504
4.3 Form of Senior Note (included in Exhibit 4.2).
Included in Exhibit 4.1 of the Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
4.4 Form of Warrant Certificate (included in Exhibit 10.3 2 ).
Included in Exhibit 10.4 of the Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
4.5 Indenture, dated August 28, 2020, by and among Weatherford International Ltd., as issuer, the guarantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent.
Exhibit 4.1 of the
Company’s Current
Report on Form 8-K
filed August 28, 2020
File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
4.6 Form of Senior Note (included in Exhibit 4.5).
Included in Exhibit 4.1 of
the Company’s Current
Report on Form 8-K
filed August 28, 2020
File No. 1-36504
4.7 Indenture, dated September 30, 2021, by and among Weatherford International Ltd., as issuer, the guarantors party thereto and Wilmington Trust, National Association, as trustee and collateral agent.
Exhibit 4.1 of the Company’s Current Report on Form 8-K filed September 30, 2021 File No. 1-36504
4.8 Form of Note (included in Exhibit 4.7).
Included in Exhibit 4.1 of the Company’s Current Report on Form 8-K filed September 30, 2021 File No. 1-36504
4.9 Indenture, dated October 27, 2021, by and among Weatherford International Ltd., as issuer, the guarantors party thereto and Deutsche Bank Trust Company Americas, as trustee.
Exhibit 4.1 of the Company’s Current Report on Form 8-K filed October 27, 2021 File No. 1-36504
4.10 Form of Note (included in Exhibit 4.9).
Included in Exhibit 4.1 of the Company’s Current Report on Form 8-K filed October 27, 2021 File No. 1-36504
*10.1 Letter Agreement with Karl Blanchard dated June 10, 2020.
Exhibit 10.6 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 filed August 14, 2020 File No. 1-36504
*10.2 Offer Letter to H. Keith Jennings dated August 6, 2020.
Exhibit 10.4 of the
Company’s Quarterly
Report on Form 10-Q
for the quarter ended
September 30, 2020
filed November 4, 2020
File No. 1-36504
*10.3 Offer Letter to Girishchandra K. Saligram dated September 9, 2020.
Exhibit 10.5 of the
Company’s Quarterly
Report on Form 10-Q
for the third quarter ended
September 30, 2020
filed November 4, 2020
File No. 1-36504
*10.4 Offer Letter to Scott C. Weatherholt, dated July 8, 2020.
Exhibit 10.36 of the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2020 filed March 18, 2021 File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
*10.5 Offer Letter to Desmond Mills, dated February 24, 2021.
Exhibit 10.7 of the
Company’s Quarterly
Report on Form 10-Q
for the first quarter ended
March 31, 2021
filed May 6, 2021
File No. 1-36504
*10.6 Offer Letter to Joseph Mongrain, dated March 11, 2021.
Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the period ending June 30, 2021 filed on July 29, 2021 File No. 1-36504
*10.7 Form of Deed of Indemnity of Weatherford International plc entered into by each director of Weatherford International plc and each of the following executive officers of Weatherford International plc: Karl Blanchard (August 21, 2017), Scott C. Weatherholt (July 23, 2020), H. Keith Jennings (September 18, 2020) and Girish K. Saligram (October 12, 2020).
Exhibit 10.11 of the
Company’s Current
Report on Form 8-K12B
filed June 17, 2014 File No. 1-36504
*10.8 Form of Deed of Indemnity of Weatherford International Ltd entered into by each director of Weatherford International plc and each of the following executive officers of Weatherford International plc: Scott C. Weatherholt (July 23, 2020), H. Keith Jennings (September 18, 2020) and Girishchandra K. Saligram (October 12, 2020).
Exhibit 10.12 of the
Company’s Current
Report on Form 8-K12B
filed June 17, 2014 File No. 1-36504
*10.9 Form of Change in Control Agreement entered into by each of the following executive officers of Weatherford International plc: Karl Blanchard (August 21, 2017) and Stuart Fraser (April 15, 2018)
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on December 15, 2016 File No. 1-36504
*10.10 Form of Change in Control Agreement entered into by each of the following executive officers of Weatherford International plc: Karl Blanchard (August 21, 2017) and Stuart Fraser (April 15, 2018)
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed December 15, 2016 File No. 1-36504
*10.11 Second Amended and Restated Weatherford International PLC Change in Control Severance Plan
Exhibit 10.4 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2021 filed November 2, 2021 File No. 1-36504
*10.12 2019 Executive Bonus Plan.
Exhibit 99.1 of the
Company’s Current
Report on Form 8-K
filed April 2, 2019
File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
*10.13 Weatherford International plc Executive Severance Plan
Exhibit 10.5 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2021 filed November 2, 2021 File No. 1-36504
*10.14 Weatherford International plc Nonqualified Deferred Compensation Plan
Exhibit 10.6 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2021 filed November 2, 2021 File No. 1-36504
*10.15 Form of Retention Award.
Exhibit 99.2 of the Company’s Form 8-K filed April 2, 2019
File No. 1-36504
*10.16 Executive Non-Equity Incentive Compensation Plan (as Amended and Restated)
Exhibit 10.2 of the
Company’s Current
Report on Form 8-K
filed April 15, 2020
File No. 1-36504
*10.17 Weatherford International plc Second Amended and Restated 2019 Equity Incentive Plan.
Exhibit 10.6 of the
Company’s Quarterly
Report on Form 10-Q
for the quarter ended
September 30, 2020 filed
November 4, 2020
File No. 1-36504
*10.18 Form of Restricted Share Unit Award Agreement .
Exhibit 10.3 of the
Company’s Current
Report on Form 8-K
filed November 20, 2020
File No. 1-36504
*10.19 Form of Performance Share Unit Award Agreement .
Exhibit 10.4 of the
Company’s Current
Report on Form 8-K
filed November 20, 2020
File No. 1-36504
*10.20 Form of Restricted Share Unit Award Agreement .
Exhibit 10.2 of the
Company’s Current
Report on Form 8-K
filed January 8, 2021
File No. 1-36504
*10.21 Form of Performance Share Unit Award Agreement .
Exhibit 10.3 of the
Company’s Current
Report on Form 8-K
filed January 8, 2021
File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
*10.22 Form of Phantom Share Unit Award Agreement .
Exhibit 10.4 of the
Company’s Current
Report on Form 8-K
filed January 8, 2021
File No. 1-36504
*10.23 Amended and Restated Performance Share Unit Award Agreement - Girish K. Saligram (February 17, 2021)
Exhibit 10.24 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed February 19, 2021 File No. 1-36504
*10.24 Form of Restricted Share Unit Award Agreement
Exhibit 10.7 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30. 2021 filed November 2, 2021 File 1-36504
*10.25 Form of Performance Share Unit Award Agreement
Exhibit 10.8 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30. 2021 filed November 2, 2021 File No. 1-36504
*10.26 Form of Executive Officer Restricted Share Unit Award Agreement
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed January 20, 2022
File No. 1-36504
*10.27 Form of Executive Officer Performance Share Unit Award Agreement
Exhibit 10.2 of the Company’s Current Report on Form 8-K filed January 20, 2022
File No. 1-36504
*10.28 Form of Non-Executive Director Restricted Share Unit Award Agreement
Exhibit 10.3 of the Company’s Current Report on Form 8-K filed January 20, 2022 File No. 1-36504
*10.29 Weatherford International plc Short-Term Incentive Plan.
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed January 8, 2021
File No. 1-36504
*10.30 Weatherford International plc 2020 Long-Term Cash Incentive Plan
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed April 24, 2020 File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
*10.31 Form of Long-Term Cash Incentive Plan Award Agreement .
Exhibit 10.2 of the
Company’s Current
Report on Form 8-K
filed April 24, 2020
File No. 1-36504
*10.32 Form of Long-Term Cash Incentive Plan Award Agreement.
Exhibit 10.2 of the Company’s Current Report on Form 8-K filed November 20, 2020
*10.33 LTCIP Amended Award Agreement, adopted March 17, 2021.
Exhibit 10.37 of the Company’s Annual Report on the Form 10-K/A for the year ended December 31, 2020 filed March 18, 2021 File No. 1-36504
10.34 LC Credit Agreement, dated December 13, 2019 (as amended by Amendment No.1, dated August 28, 2020), by and among Weatherford International Ltd., Weatherford International plc, Weatherford International LLC, Deutsche Bank Trust Company Americas and the lenders party thereto from time to time (included in Exhibit 10.29).
Exhibit 10.2 of the
Company’s Current
Report on Form 8-K
filed December 18, 2019 File No. 1-36504
10.35 Amendment No. 1 to LC Credit Agreement and Amendment No. 1. To U.S. Security Agreement, dated August 28, 2020, by and among Weatherford International Ltd., Weatherford International plc, Weatherford International LLC, the other guarantors of the LC Credit Agreement, Deutsche Bank Trust Company Americas and the lenders under the LC Credit Agreement .
Exhibit 10.1 of the
Company’s Current
Report on Form 8-K
filed August 28, 2020
File No. 1-36504
10.36 Amendment No. 2 to LC Credit Agreement dated September 20, 2021, by and among Weatherford International Ltd., Weatherford International plc, Weatherford International LLC, the other guarantors party thereto, Deutsche Bank Trust Company Americas, BTA Institutional Services Australia Limited and the lenders under the LC Credit Agreement.
Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on September 20, 2021 File No. 1-36504
10.37 Intercreditor Agreement by and between Wells Fargo Bank, N.A., Deutsche Bank Trust Company Americas, Weatherford International plc and the grantors party there to from time to time, dated December 13, 2019.
Exhibit 10.3 of the
Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
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Table of Contents
Exhibit Number Description Original Filed Exhibit File Number
10.38 Intercreditor Agreement, dated August 28, 2020, by and among Deutsche Bank Trust Company Americas, Wilmington Trust National Association, BTA Institutional Services Australia Limited, Weatherford International plc and the grantors parties there to from time to time .
Exhibit 10.3 of the
Company’s Current
Report on Form 8-K
filed August 28, 2020
File No. 1-36504
10.39 Warrant Agreement by and between Weatherford International plc and American Stock Transfer & Trust Company, LLC, dated December 13, 2019.
Exhibit 10.4 of the
Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
10.40 Purchase Agreement dated September 21, 2021, by and among Weatherford International Ltd., as issuer, the guarantors party thereto, the initial purchasers party thereto and Deutsche Bank Securities Inc., as representative of the initial purchasers.
Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30. 2021 filed November 2, 2021 File No. 1-36504
10.41 Backstop Agreement dated September 20, 2021, by and among Weatherford International Ltd., as issuer, the guarantors party thereto and certain funds managed by Franklin Advisers, Inc., as commitment parties thereto.
Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the period ending September 30. 2021 filed November 2, 2021 File No. 1-36504
10.42 Registration Rights Agreement by and among Weatherford International plc and certain stockholders thereto, dated December 13, 2019. *
Exhibit 10.5 of the
Company’s Current
Report on Form 8-K
filed December 18, 2019
File No. 1-36504
†21.1 Subsidiaries of Weatherford International plc
†23.1 Consent of KPMG LLP
†31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
†31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
††32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
††32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
†101.INS 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 XBRL Taxonomy Extension Schema Document
†101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
†101.DEF XBRL Taxonomy Extension Definition Linkbase Document
†101.LAB XBRL Taxonomy Extension Label Linkbase Document
†101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
* Management contract or compensatory plan or arrangement.
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Table of Contents
** Submitted pursuant to Rule 405 and 406T of Regulation S-T.
† Filed herewith.
†† Furnished herewith.
As permitted by Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed with this Annual Report on Form 10-K certain instruments defining the rights of holders of long-term debt of the Company and its subsidiaries because the total amount of securities authorized under any of such instruments does not exceed 10% of the total assets of the Company and its subsidiaries on a consolidated basis. We will furnish a copy of any of such instruments to the Securities and Exchange Commission upon request. We will furnish to any requesting shareholder a copy of any of the above named exhibits upon the payment of our reasonable expenses of obtaining, duplicating and mailing the requested exhibits. All requests for copies of exhibits should be made in writing to our U.S. Investor Relations Department at 2000 St James Place, Houston, TX 77056.
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Table of Contents Valuation and Qualifying Accounts
Financial Statement Schedules
1. Valuation and qualifying accounts and allowances.
SCHEDULE II - WEATHERFORD INTERNATIONAL PLC AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES
FOR THE SUCCESSOR PERIODS ENDED DECEMBER 31, 2021, 2020 AND 2019
AND PREDECESSOR PERIOD ENDED DECEMBER 13, 2019
Balance at Balance at
Beginning End of
(Dollars in millions)
of Period Expense Recoveries (c)
Other (b)
Period
Year Ended December 31, 2021 (Successor):
Allowance for Credit Losses on Accounts Receivable $ 32 30 ( 26 ) ( 5 ) $ 31
Valuation Allowance on Deferred Tax Assets $ 1,499 — ( 29 ) ( 44 ) $ 1,426
Excess and Obsolete Inventory Reserve $ 119 55 ( 10 ) ( 5 ) $ 159
Year Ended December 31, 2020 (Successor):
Allowance for Credit Losses on Accounts Receivable $ — $ 32 $ — $ — $ 32
Valuation Allowance on Deferred Tax Assets $ 1,166 $ 330 $ — $ 3 $ 1,499
Excess and Obsolete Inventory Reserve $ — $ 210 $ — $ ( 91 ) $ 119
Year Ended December 31, 2019 (Successor):
Allowance for Credit Losses on Accounts Receivable $ — $ — $ — $ — $ —
Valuation Allowance on Deferred Tax Assets $ 1,222 $ — $ ( 56 ) $ — $ 1,166
Excess and Obsolete Inventory Reserve $ — $ — $ — $ — $ —
Year Ended December 13, 2019 (Predecessor):
Current Allowance for Uncollectible Accounts Receivable $ 123 $ 4 $ ( 3 ) $ ( 124 ) $ —
Long-term Allowance for Uncollectible Accounts Receivable (a)
171 — ( 3 ) ( 168 ) —
Total Allowance for Uncollectible Accounts Receivable
$ 294 $ 4 $ ( 6 ) $ ( 292 ) $ —
Valuation Allowance on Deferred Tax Assets $ 1,702 $ — $ ( 480 ) $ — $ 1,222
Excess and Obsolete Inventory Reserve $ 305 $ 163 $ ( 4 ) $ ( 464 ) $ —
(a) The long-term allowance was related to our primary customer in Venezuela. Upon emergence from bankruptcy on December 13, 2019, the allowance for uncollectible accounts receivable related to our primary customer in Venezuela was nil.
(b) Other in 2019 almost entirely represents our Fresh Start Accounting adjustments to record our reserves at fair value at December 13, 2019. Generally, other within the allowance for credit losses on accounts receivable includes reductions to allowance for currency translation, reclassification to other accounts or the write-off of the related allowance. Other within the excess and obsolete inventory reserve includes reductions of reserve for currency translation and the removal of scrapped inventory that had been previously reserved. Other within the allowance on deferred tax assets includes reductions for currency translation and other balance sheet only adjustments.
(c) Recoveries in the 2021 and 2019 Successor Periods for deferred tax assets reflect the net movement in the valuation allowance that went through tax expense, which was a net benefit. The 2019 Predecessor Period also included the impact of Fresh Start Accounting on the deferred tax assets.
All other schedules are omitted because they are not required or because the information is included in the financial statements or the related notes.
Item 16. Form 10-K Summary
None.
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Table of Contents
SIGNATURES
KNOW ALL BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Girishchandra K. Saligram and H. Keith Jennings and each of them, individually, his or her true and lawful agent, proxy and attorney-in-fact, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitutes, may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Weatherford International plc
/s/ Girishchandra K. Saligram
Girishchandra K. Saligram
President, Chief Executive Officer and Director
(Principal Executive Officer)
Date: February 17, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Signatures Title Date
/s/ Girishchandra K. Saligram President, Chief Executive Officer
and Director February 17, 2022
Girishchandra K. Saligram (Principal Executive Officer)
/s/ H. Keith Jennings Executive Vice President and February 17, 2022
H. Keith Jennings Chief Financial Officer
(Principal Financial Officer)
/s/ Desmond J. Mills Senior Vice President and February 17, 2022
Desmond J. Mills Chief Accounting Officer
(Principal Accounting Officer)
/s/ Charles M. Sledge Chairman of the Board and Director February 17, 2022
Charles M. Sledge
/s/ Benjamin C. Duster IV Director February 17, 2022
Benjamin C. Duster IV
/s/ Neal P. Goldman Director February 17, 2022
Neal P. Goldman
/s/ Jacqueline Mutschler Director February 17, 2022
Jacqueline Mutschler
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