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KEY ENERGY SERVICES INC filed this Form 10-K on 02/28/2018
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on September 12, 2017. Prior to joining Key, she served as the Vice President, General Counsel and Corporate Secretary for U.S. Concrete, Inc., a publicly traded company providing ready-mixed concrete and aggregates, from June 2012 through July 2013, and as its Deputy General Counsel & Corporate Secretary from December 2011 through June 2012, and as its Assistant General Counsel from December 2006 through December 2011. From February 2006 through December 2006, Ms. Hargis served as an attorney with King & Spalding LLP.  From August 2002 through February 2006, Ms. Hargis served as an attorney for Andrews Kurth Kenyon LLP. Ms. Hargis received her B.S. in Administration of Justice from Arizona State University in 1999 and her J.D. from Tulane University in 2002.

Eddie V. Picard, age 52, Vice President and Controller serving as the Company’s principal accounting officer. Mr. Picard most recently served as the Senior Director of Finance, Drilling & Completions at C&J Energy Services (“C&J”) from July 2014 to June 2016. C&J is a provider of well construction, well completions and well services to the oil and gas industry. Prior to his time at C&J Mr. Picard worked as a professional certified public accountant, consulting at companies within various industries from November 2011 to June 2014. From September 2010 until November 2011, Mr. Picard served as the Chief Accounting Officer at BPZ Energy, which is an independent oil and gas exploration and production company which has license contracts covering areas in offshore and onshore Peru. From March 2008 until September 2010, Mr. Picard served as Chief Financial Officer of Marlin Offshore International.  Marlin is an independent drilling rig owner performing contract development drilling throughout southeast Asia. Earlier in his career, Mr. Picard worked for Arthur Andersen LLP in Dallas, Texas where he advanced to the level of fifth year senior auditor. Mr. Picard has a B.S. in Accounting from the University of Louisiana. Mr. Picard is a Certified Public Accountant in Oklahoma, as well as a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. 

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our directors, executive officers and persons who beneficially own more than 10% of a registered class of our equity securities, to file initial reports of ownership on Form 3 and changes in ownership on Forms 4 or 5 with the SEC. Such officers, directors and 10% stockholders also are required by SEC rules to furnish Key with copies of all Section 16(a) reports they file. Based solely on its review of the copies of such forms furnished or available to us, we believe that our directors, executive officers and 10% stockholders complied with all Section 16(a) filing requirements for the fiscal year ended December 31, 2017. In making these statements, we have relied upon an examination of the copies of Forms 3, 4 and 5, and amendments thereto, and the written representations of our directors, executive officers and 10% stockholders.

This section of the Form 10-K describes and analyzes our executive compensation philosophy and program in the context of the compensation paid to our Named Executive Officers for 2017. Our Named Executive Officers and their titles during the 2017 calendar year are listed below:

Robert Drummond, President and Chief Executive Officer;
J. Marshall Dodson, our Senior Vice President, Chief Financial Officer and Treasurer;
David Brunnert, our Senior Vice President and Chief Operating Officer;
Scott P. Miller, our Senior Vice President, Operations Services & Chief Administrative Officer;
Katherine I. Hargis, our Senior Vice President, General Counsel and Secretary.

In this Compensation Discussion and Analysis, we first provide an executive summary of our actions and results from 2017 related to compensation of our Named Executive Officers. We next explain the factors affecting our compensation decisions, results from 2017 and changes for the 2018 executive compensation program. We will also explain the principles that guide our compensation committee’s executive compensation decisions, including our compensation philosophy. We encourage you to read the entirety of the executive compensation discussion.