Departure of Directors or Certain

Employment Agreements of Mr.Ballard and Mr.Spexarth

On March1, 2018, Superior Energy Services, Inc. (the Company) entered into the First Amendment to the Employment Agreement with Mr.WesterveltT. Ballard, Jr. and an Amended and Restated Employment Agreement with Mr.JamesW. Spexarth (collectively, the employment agreements). Pursuant to the employment agreements, Mr.Ballard will serve as Executive Vice President, Chief Financial Officer and Treasurer and Mr.Spexarth will serve as Chief Accounting Officer.

Except for modifications to each executives title and salary, and with respect to Mr.Spexarth, the effective date and term of the employment agreement, the terms of the employment agreements remain the same as the composite employment agreement filed as Exhibit 10.19 t o the Companys Annual Report on Form

10-K,

filed on February22, 2018.

Mr.Ballard and Mr.Spexarth will be entitled to a base salary at the annualized rate of $440,000 and $315,000, respectively, will be eligible for annual incentive bonuses and long-term equity-based incentive awards as approved by the Compensation Committee of the Board of Directors of the Company (the Compensation Committee), will participate in the retirement and welfare benefit plans of the Company, and will be participants in the Companys Change of Control Severance Plan.

The foregoing description of the employment agreements is not complete and is qualified in its entirety by reference to the full text of each employment agreement, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form

8-K

and incorporated in this Item 5.02 by reference.

Retirement of Mr.Taylor

As previously reported by the Company on a Current Report on Form

8-K,

effective March1, 2018, Mr.Robert Taylor has retired as Executive Vice President, Chief Financial Officer and Treasurer after 22 years of loyal and dedicated service to the Company as its first and only Chief Financial Officer. In light of the contributions that Mr.Taylor has made to the success of the Company during his tenure, the Compensation Committee on February28, 2018 awarded Mr.Taylor a discretionary bonus of $1,716,000. This discretionary bonus approximates the same amount Mr.Taylor would have received if his services had been terminated by the Company and is payable within 60 days following his retirement as Executive Vice President, Chief Financial Officer and Treasurer.

Additionally, the Company entered into the First Amendment to the Employment Agreement with Mr.Taylor. Pursuant to the amended employment agreement, Mr.Taylor will serve as a senior advisor to the Company and perform such duties as may be requested from time to time by the Companys Chief Executive Officer or Chief Financial Officer. Mr.Taylors amended employment agreement became effective as of March1, 2018 and continues until

February28, 2019. During the employment period, Mr.Taylor will be entitled to a base salary $150,000, and he and his family will be eligible to participate in all medical and other welfare benefit plans generally available to the Companys executive officers until February28, 2020.

The foregoing description of Mr.Taylors amended employment agreement is not complete and is qualified in its entirety by reference to the full text of such employment agreement, which is filed as Exhibit 10.3 to this Current Report on Form

8-K

and incorporated in this Item 5.02 by reference.

Item9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

10.1*^

First Amendment to the Employment Agreement, dated and effective as of March1, 2018, by and between Superior Energy Services, Inc. and Westervelt T. Ballard, Jr.

10.2*^

Amended and Restated Employment Agreement, dated and effective as of March1, 2018, by and between Superior Energy Services, Inc. and James W. Spexarth.

10.3*^

First Amendment to the Employment Agreement, dated and effective as of March1, 2018, by and between Superior Energy Services, Inc. and Robert S. Taylor.

*

Filed herein

^

Management contract or compensatory plan or arrangement

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.

SUPERIOR ENERGY SERVICES, INC.

By:

/s/ William B. Masters

William B. Masters

Executive Vice President and

General Counsel

Dated: March2, 2018

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Other recent filings from the company include the following:

Other definitive proxy statements - Nov. 22, 2019
Other preliminary proxy statements - Nov. 12, 2019

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