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<title>cveo-20220726</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF80L2ZyYWc6Y2I3MGQ1YTcyMmY5NDI3ODkyZTE5MmM1MzUwMjMxODcvdGFibGU6NzU3NjMzMmE1ZTBjNDI0MTg0MTM0MmY1YzkwNzA3ZDYvdGFibGVyYW5nZTo3NTc2MzMyYTVlMGM0MjQxODQxMzQyZjVjOTA3MDdkNl8yLTEtMS0xLTU4NjI2_ad21cc60-b663-4a1d-82ad-9fa09a547260">0001590584</ix:nonNumeric><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:AmendmentFlag" 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style="min-height:65.25pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">__________________</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF8xMDM_a341f94e-959b-4ed5-8674-15108cc94587">8-K</ix:nonNumeric></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">OF THE SECURITIES EXCHANGE ACT OF 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):  <ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF8yNDU_757c15d8-57bd-4d2b-bbb4-b272a431da54">July 26, 2022</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">____________________</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF8yNzA_9deb6414-78af-412d-80a4-907aafebf723">Civeo Corp</ix:nonNumeric>oration</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="text-align:center"><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.352%"><tr><td style="width:1.0%"></td><td style="width:33.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.933%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.286%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.765%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.331%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:edgarprovcountryen" 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style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission File</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number)</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(I.R.S. Employer</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Identification No.)</span></div></td></tr><tr style="height:8pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityAddressAddressLine1" 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Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6OWYwY2ZlN2JlYmE4NDQ0MzhlZDY2YmY5MWI4OTkwZWMvdGFibGVyYW5nZTo5ZjBjZmU3YmViYTg0NDQzOGVkNjZiZjkxYjg5OTBlY18wLTAtMS0xLTU4NjI2_f630f4d8-b5df-45ee-adfc-79d187df3615">333 Clay Street,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityAddressAddressLine3" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6OWYwY2ZlN2JlYmE4NDQ0MzhlZDY2YmY5MWI4OTkwZWMvdGFibGVyYW5nZTo5ZjBjZmU3YmViYTg0NDQzOGVkNjZiZjkxYjg5OTBlY18wLTEtMS0xLTU4NjI2_27b1aea8-9b2e-40f0-9a83-6dfad4280e3d">Suite 4980</ix:nonNumeric></span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.910%"><tr><td style="width:1.0%"></td><td style="width:20.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.060%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.063%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6N2IwYWQyMDY0YjQ4NGZkNDkwY2MzMTFjYjcwNzJiNzEvdGFibGVyYW5nZTo3YjBhZDIwNjRiNDg0ZmQ0OTBjYzMxMWNiNzA3MmI3MV8wLTEtMS0xLTU4NjI2_dd7c5d40-a243-4de0-8b65-591339b833f2">Houston,</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"><ix:nonNumeric 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id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6N2IwYWQyMDY0YjQ4NGZkNDkwY2MzMTFjYjcwNzJiNzEvdGFibGVyYW5nZTo3YjBhZDIwNjRiNDg0ZmQ0OTBjYzMxMWNiNzA3MmI3MV8wLTMtMS0xLTU4NjI2_7a953e1c-6d0d-4207-a34b-72350d11b659">77002</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address and zip code of principal executive offices)</span></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Registrant&#8217;s telephone number, including area code: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(<ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF8zOTY_46bdf4ca-e2e1-478c-a200-8b493dde3d60">713</ix:nonNumeric>) <ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF80MDA_57cb0505-7e6a-4918-b39c-cc73f155f9e4">510-2400</ix:nonNumeric></span></div><div><span><br/></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 (see General Instruction A.2. below):</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF82MTU_62c78273-e04d-4e31-be84-d1a81c530c90">&#9744;</ix:nonNumeric>   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF83MDc_dcbf7f9b-6e12-4d84-ab75-241ddfca484c">&#9744;</ix:nonNumeric>   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF84MDA_9e5609a1-9d35-45be-834d-8a59047bdfdb">&#9744;</ix:nonNumeric>   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF85MDk_cf2ae382-d216-44ea-8331-cfc565670299">&#9744;</ix:nonNumeric>   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:32.340%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.211%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.149%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of Each Class</span></div></td><td colspan="3" style="border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></div></td><td colspan="3" style="border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of Each Exchange on Which Registered</span></div></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6YTEyZGY3Y2Q1NTVlNDhmZjllY2E4ODBjZTVmNDE1MWIvdGFibGVyYW5nZTphMTJkZjdjZDU1NWU0OGZmOWVjYTg4MGNlNWY0MTUxYl8xLTAtMS0xLTU4NjI2_3f5a4396-ea64-4ba0-991b-7df519c3b328">Common Shares, no par value</ix:nonNumeric></span></div></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6YTEyZGY3Y2Q1NTVlNDhmZjllY2E4ODBjZTVmNDE1MWIvdGFibGVyYW5nZTphMTJkZjdjZDU1NWU0OGZmOWVjYTg4MGNlNWY0MTUxYl8xLTEtMS0xLTU4NjI2_a7ae6d5b-7a62-4105-b51d-0ad5f672eb65">CVEO</ix:nonNumeric></span></div></td><td colspan="3" style="border-bottom:1pt solid #00000a;border-left:1pt solid #00000a;border-right:1pt solid #00000a;border-top:1pt solid #00000a;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGFibGU6YTEyZGY3Y2Q1NTVlNDhmZjllY2E4ODBjZTVmNDE1MWIvdGFibGVyYW5nZTphMTJkZjdjZDU1NWU0OGZmOWVjYTg4MGNlNWY0MTUxYl8xLTItMS0xLTU4NjI2_d24a615d-768d-465d-a65c-55fca22125f3">New York Stock Exchange</ix:nonNumeric></span></div></td></tr></table></div><div style="margin-top:7pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934 (17 CFR&#160;&#167;240.12b-2).&#160;</span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:65.25pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company&#160;<ix:nonNumeric contextRef="ib1d94064a3f24654a93131c06b6eaf61_D20220726-20220726" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjMzYTVhN2MzMjQzNDRiZWViY2JkNTNhY2I2ZjE2MDM4L3NlYzozM2E1YTdjMzI0MzQ0YmVlYmNiZDUzYWNiNmYxNjAzOF8xL2ZyYWc6YTU3MjRmYjk5MGI1NDQwNDg5OWFmMzM0MWIwMjM5YjgvdGV4dHJlZ2lvbjphNTcyNGZiOTkwYjU0NDA0ODk5YWYzMzQxYjAyMzliOF8xMzI2_5a812160-6d13-4951-b981-5646e9b2693e">&#9744;</ix:nonNumeric></span></div><div style="margin-top:12pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.&#160;&#9744;</span></div><div style="margin-top:12pt"><span><br/></span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i33a5a7c324344beebcbd53acb6f16038_7"></div><hr style="page-break-after:always"/><div style="min-height:65.25pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</span></div><div style="text-align:justify"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On July 26, 2022, Civeo Corporation (the &#8220;Company&#8221;) entered into a retention commitment agreement with Allan D. Schoening, the Company&#8217;s Senior Vice President, Canada (the &#8220;Agreement&#8221;). The Agreement provides that in the event that Mr. Schoening&#8217;s employment with the Company is terminated without &#8220;cause&#8221; (as defined in that certain Executive Change of Control Severance Agreement between the Company and Mr. Schoening, dated as of July 13, 2015 (as amended, the &#8220;CIC Agreement&#8221;)) at any time prior to June 30, 2024 (the &#8220;Retention Date&#8221;), then, subject to his execution and non-revocation of a release of claims in favor of the Company, Mr. Schoening will receive: (i) a cash lump sum equal to the amount of Mr. Schoening&#8217;s base salary that he would have received over the period commencing on his termination date and ending on the Retention Date, (ii) a cash lump sum equal to Mr. Schoening&#8217;s target bonus for each annual bonus period ending prior to the Retention Date, plus a pro-rated target bonus for the 2024 bonus period, (iii) accelerated vesting of all outstanding equity awards (except that any performance-based equity awards will continue to vest based on actual performance and remain outstanding for the applicable performance period), and (iv) continued medical and dental benefits at coverage levels that are at least equal to those provided to Mr. Schoening and his dependents immediately prior to Mr. Schoening&#8217;s termination of employment until the Retention Date. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The Agreement also provides that if Mr. Schoening&#8217;s employment with the Company terminates following the Retention Date, he may elect to enter into a consulting relationship with the Company to provide part-time advisory and support services, during which such consulting period Mr. Schoening&#8217;s then outstanding equity awards will continue to vest in accordance with their terms. If Mr. Schoening&#8217;s consulting relationship is terminated without cause, all of Mr. Schoening&#8217;s then unvested equity awards will immediately accelerate in full.  </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">In the event that Mr. Schoening&#8217;s employment is terminated in connection with a change in control of the Company at any time prior to the Retention Date, the CIC Agreement will supersede the Agreement and Mr. Schoening will only be entitled to any payments and benefits due to him under the CIC Agreement.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibit 10.1.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01.  Financial Statements and Exhibits.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(d)&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Exhibits</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div><span><br/></span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.551%"><tr><td style="width:1.0%"></td><td style="width:15.340%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:82.460%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibit </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><br/>Number</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">Description of Document</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10.1</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline" href="schoeningretentionletter20.htm">Retention Commitment Agreement, dated as of July 26, 2022, between Civeo Corporation and Allan D. Schoening</a></span></div></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)</span></td></tr></table></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i33a5a7c324344beebcbd53acb6f16038_10"></div><hr style="page-break-after:always"/><div style="min-height:65.25pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="text-align:center"><span><br/></span></div><div style="margin-bottom:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Dated: August 1, 2022</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></div><div style="padding-left:72pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CIVEO CORPORATION</span></div><div><span><br/></span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;By:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"> /s/ Carolyn J. Stone                      </span><span style="color:#ffffff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">,</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Name:&#160;&#160;&#160;&#160;Carolyn J. Stone</span></div><div style="padding-left:252pt;text-indent:-36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Title:&#160;&#160;&#160;&#160;Senior Vice President, Chief Financial Officer and Treasurer</span></div><div><span><br/></span></div><div style="height:65.25pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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cveo-20220726
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):
July 26, 2022
____________________
Civeo Corp
oration
(Exact name of registrant as specified in its charter)
British Columbia, Canada
1-36246
98-1253716
(State or other jurisdiction
of incorporation or organization)
(Commission File
Number)
(I.R.S. Employer
Identification No.)
Three Allen Center
333 Clay Street,
Suite 4980
Houston,
Texas
77002
(Address and zip code of principal executive offices)
Registrant's telephone number, including area code:
(
713
)
510-2400
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 (see General Instruction A.2. below):
☐
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 Shares, no par value
CVEO
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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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.
On July 26, 2022, Civeo Corporation (the "Company") entered into a retention commitment agreement with Allan D. Schoening, the Company's Senior Vice President, Canada (the "Agreement"). The Agreement provides that in the event that Mr. Schoening's employment with the Company is terminated without "cause" (as defined in that certain Executive Change of Control Severance Agreement between the Company and Mr. Schoening, dated as of July 13, 2015 (as amended, the "CIC Agreement")) at any time prior to June 30, 2024 (the "Retention Date"), then, subject to his execution and non-revocation of a release of claims in favor of the Company, Mr. Schoening will receive: (i) a cash lump sum equal to the amount of Mr. Schoening's base salary that he would have received over the period commencing on his termination date and ending on the Retention Date, (ii) a cash lump sum equal to Mr. Schoening's target bonus for each annual bonus period ending prior to the Retention Date, plus a pro-rated target bonus for the 2024 bonus period, (iii) accelerated vesting of all outstanding equity awards (except that any performance-based equity awards will continue to vest based on actual performance and remain outstanding for the applicable performance period), and (iv) continued medical and dental benefits at coverage levels that are at least equal to those provided to Mr. Schoening and his dependents immediately prior to Mr. Schoening's termination of employment until the Retention Date.
The Agreement also provides that if Mr. Schoening's employment with the Company terminates following the Retention Date, he may elect to enter into a consulting relationship with the Company to provide part-time advisory and support services, during which such consulting period Mr. Schoening's then outstanding equity awards will continue to vest in accordance with their terms. If Mr. Schoening's consulting relationship is terminated without cause, all of Mr. Schoening's then unvested equity awards will immediately accelerate in full.
In the event that Mr. Schoening's employment is terminated in connection with a change in control of the Company at any time prior to the Retention Date, the CIC Agreement will supersede the Agreement and Mr. Schoening will only be entitled to any payments and benefits due to him under the CIC Agreement.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is attached hereto as Exhibit 10.1.
Item 9.01.  Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit
Number
Description of Document
10.1
Retention Commitment Agreement, dated as of July 26, 2022, between Civeo Corporation and Allan D. Schoening
104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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.
Dated: August 1, 2022
CIVEO CORPORATION
By:
/s/ Carolyn J. Stone
,
Name:    Carolyn J. Stone
Title:    Senior Vice President, Chief Financial Officer and Treasurer