Shareholders Foundation, Inc.

Helmerich & Payne, Inc. (NYSE:HP) Long Term Investor Alert: Investigation over Potential Wrongdoing

An investigation for current long-term investors in shares of Helmerich & Payne, Inc. (NYSE:HP) over potential wrongdoing by certain officers and directors of Helmerich & Payne was announced and current long-term NYSE:HP stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
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San Diego, CA -- (SBWIRE) -- 01/30/2013 -- An investigation on behalf of current long-term stockholders of shares Helmerich & Payne, Inc. (NYSE:HP) was announced concerning whether certain Helmerich & Payne officers and directors possibly breached their fiduciary duties in connection with certain statements.

Investors who are current long-term stockholder of shares of Helmerich & Payne, Inc. (NYSE:HP), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Helmerich & Payne officers and directors breached their fiduciary duties in connection with their conduct in seeking shareholders’ approval for the compensation of executives.

In the Proxy Statement filed by Helmerich & Payne, Inc. with the Securities and Exchange Commission the Board of Directors recommends that Helmerich & Payne’s shareholders vote to approve the compensation of Company executives disclosed in the proxy statement.

Helmerich & Payne, Inc. (NYSE:HP) reported that its Total Revenue rose from over $1.87 billion for the 12 months period that ended on Sept. 30, 2010 to over $3.15 billion for the 12 months period that ended on Sept. 30, 2012 and that its Net Income for the respective time periods increased from $156.31 million to $581.04 million.

Shares of Helmerich & Payne, Inc. (NYSE:HP) grew from as low as $20.30 in March 2009 to as high as $72.56 per share in July 2011.

On January 24, 2013, NYSE:HP shares closed at $61.93 per share.

Those who purchased shares of Helmerich & Payne, Inc. (NYSE:HP), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com