CLB Core Laboratories Inc

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

Departure of David Demshur

On January 29, 2020, the Company announced that, effective as of the conclusion of the 2020 annual shareholders’ meeting on May 20, 2020 (the “2020 Annual Meeting”), David Demshur has informed the Supervisory Board of Directors of the Company (the “Supervisory Board”) that he will retire from his role as Chief Executive Officer and Chairman of the Supervisory Board. He will not seek re-election to the Supervisory Board at the 2020 Annual Meeting. Mr. Demshur will remain employed by the Company to support the transition until his retirement on December 31, 2020.

Mr. Demshur’s retirement is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Appointment of Lawrence Bruno

Effective May 20, 2020, Lawrence Bruno, age 60, will succeed Mr. Demshur as the Chairman of the Supervisory Board and Chief Executive Officer. Mr. Bruno is currently a member of the Company’s Supervisory Board and serves as President and Chief Operating Officer. Mr. Bruno has been in the industry for more than 35 years and with the Company for more than 21 years. On January 1, 2019, Mr. Bruno assumed the position of Chief Operating Officer after becoming the President of the Company on February 1, 2018. As President and Chief Operating Officer, Mr. Bruno has led the Company’s global operations for both of its business segments, Reservoir Description and Production Enhancement. Over the last several years, Mr. Bruno has served as a technical spokesperson for many investor presentations and panels in the oil and gas industry, and has been instrumental in driving the Company’s technology innovation that will continue to be a critical strength in the years to come. Mr. Bruno previously led the Company’s global reservoir-based laboratories within the Company’s Reservoir Description segment, from July 2015 through January 31, 2018. Mr. Bruno received a Master of Science degree in Geology from the University of Houston in 1987.

Further information regarding the terms of any amendment to Mr. Bruno’s employment arrangements in connection with his promotion called for by Item 5.02(c)(3) is not yet determined at this time. The Company will provide such information, if any, in an amendment to this Form 8-K within four business days after the information is determined or becomes available.

There is no arrangement or understanding between Mr. Bruno and any other person pursuant to which Mr. Bruno was selected as an officer of the Company. Mr. Bruno has no family relationship (within the meaning of Item 401(d) of Regulation S-K) with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. There are no transactions between the Company and Mr. Bruno that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed.