<SEC-DOCUMENT>0001193125-17-345449.txt : 20171116
<SEC-HEADER>0001193125-17-345449.hdr.sgml : 20171116
<ACCEPTANCE-DATETIME>20171116155802
ACCESSION NUMBER:		0001193125-17-345449
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20171116
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171116
DATE AS OF CHANGE:		20171116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOW Inc.
		CENTRAL INDEX KEY:			0001599617
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL & GAS FILED MACHINERY & EQUIPMENT [3533]
		IRS NUMBER:				464191184
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36325
		FILM NUMBER:		171208004

	BUSINESS ADDRESS:	
		STREET 1:		7402 NORTH ELDRIDGE PARKWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77041
		BUSINESS PHONE:		281-823-4700

	MAIL ADDRESS:	
		STREET 1:		7402 NORTH ELDRIDGE PARKWAY
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77041
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d477332d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) November&nbsp;16, 2017 </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>NOW INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of
registrant as specified in its charter) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-36325</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">46-4191184</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>7402 North Eldridge Parkway</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Houston, Texas</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>77041</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">281-823-4700</FONT></FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 <FONT STYLE="white-space:nowrap">(&#167;240.12b-2</FONT> of this chapter).
</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Emerging growth company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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&nbsp;13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;16, 2017, NOW Inc. (the &#147;Company&#148;) issued a press release
announcing some updates in the Company&#146;s succession planning for its Chief Financial Officer and Chief Accounting Officer positions. Mr.&nbsp;Daniel Molinaro, the Company&#146;s current Chief Financial Officer, will become the Company&#146;s
Executive Vice President, and Mr.&nbsp;David Cherechinsky, the Company&#146;s current Chief Accounting Officer, will become the Company&#146;s Senior Vice President and Chief Financial Officer, effective February&nbsp;16, 2018. Further,
Mr.&nbsp;Mark Johnson at that time will become the Company&#146;s Vice President, Corporate Controller and Chief Accounting Officer, replacing Mr.&nbsp;Cherechinsky in that role. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Cherechinsky, 53, has served as the Company&#146;s Vice President, Corporate Controller and Chief Accounting Officer since May 2014, and previously
as Senior Vice President &#150; Finance for National Oilwell Varco&#146;s Distribution business group from 2003, and until the Company was spun off in May 2014 as Senior Vice President &#150; Finance for National Oilwell Varco&#146;s
Distribution&nbsp;&amp; Transmission business segment from 2011. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Johnson, 36, has served as the Company&#146;s Vice President - Finance and
Assistant Corporate Controller since May 2014, and previously as Vice President &#150; Finance for the National Oilwell Varco Distribution business group. He started with National Oilwell Varco in 2008 and is a CPA. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The full text of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <I>Exhibits</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The following exhibit is provided as part of the information furnished under Item 5.02 of this Current Report on Form <FONT
STYLE="white-space:nowrap">8-K:</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="94%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d477332dex991.htm">NOW Inc. press release dated November&nbsp;16, 2017 announcing organizational changes.</A></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: November&nbsp;16, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">NOW INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Raymond W. Chang</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Raymond W. Chang</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Vice President&nbsp;&amp;
General Counsel</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d477332dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g477332g1116214928462.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NOW Inc. Announces Organizational Changes </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">HOUSTON&#151;November 16, 2017&#151;NOW Inc. (NYSE:DNOW) is pleased to announce today that effective February&nbsp;16, 2018, Mr.&nbsp;Daniel Molinaro will
serve as Executive Vice President, assisting with certain treasury, investor relations and employee benefits matters.&nbsp;Mr.&nbsp;Molinaro will transition from serving as Senior Vice President and Chief Financial Officer (CFO) during this period,
and David Cherechinsky, currently Vice President, Corporate Controller and Chief Accounting Officer (CAO), will succeed Mr.&nbsp;Molinaro as Chief Financial Officer effective February&nbsp;16, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Molinaro has served as DNOW&#146;s CFO since May 2014, when the Company was spun off from National Oilwell Varco, Inc. Mr.&nbsp;Molinaro previously
served as Vice President and Treasurer of National Oilwell Varco (NOV) where his combined years of service with both DNOW and NOV is almost 50 years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Cherechinsky has served as CAO since May 2014, and previously as Senior Vice President &#150; Finance for the NOV Distribution business group from
2003, and until the company was spun off in May 2014 as Senior Vice President &#150; Finance for the NOV Distribution&nbsp;&amp; Transmission business segment from 2011. He started with the company January 1989. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mark Johnson, currently Vice President - Finance and Assistant Corporate Controller, will succeed Mr.&nbsp;Cherechinsky as Vice President, Corporate
Controller and Chief Accounting Officer, also effective February&nbsp;16, 2018. Mr.&nbsp;Johnson has served as Vice President - Finance and Assistant Corporate Controller since May 2014, and previously as Vice President &#150; Finance for the
National Oilwell Varco Distribution business group. He started with the company in 2008 and is a CPA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Robert Workman, President and Chief Executive
Officer of NOW Inc. remarked that &#147;Dan has been an important member of our team since we spun off from NOV in 2014 and I look forward to his contributions as he remains an active member of the DNOW executive team. Dan&#146;s core leadership
trait is a profound sense for people and the community as evidenced by his taking an active personal interest in our employees, which he often refers to as his family, and to the many organizations he leads or with which he is involved, including
the United Way, CASA de Esperanza and The Archdiocese of Galveston-Houston. Dan believes creating sustainable value involves more than simply maximizing sales and minimizing costs, it involves caring about and motivating our people.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mr.&nbsp;Molinaro commented that &#147;I am excited to remain engaged on the DNOW executive team and continue contributing to the successes of our
organization. We are all excited to have Dave and Mark in their new roles as they have been instrumental in leading the DNOW organization for well more than a decade.&#148; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>About NOW Inc. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOW Inc. is one of the largest
distributors to energy and industrial markets on a worldwide basis, with a legacy of over 150 years. NOW Inc. operates primarily under the DistributionNOW and Wilson Export brands. Through its network of approximately 300 locations and 4,600
employees worldwide, NOW Inc. offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors. Our locations provide products and solutions to exploration and production companies,
energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Statements made
in this press release that are forward-looking in nature are intended to be &#147;forward-looking statements&#148; within the meaning of Section&nbsp;21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These
statements may differ materially from actual future events or results. Readers are referred to documents filed by NOW Inc. with the U.S. Securities and Exchange Commission, which identify significant risk factors which could cause actual results to
differ from those contained in the forward-looking statements. </I></P> <P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Contact: </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Daniel Molinaro </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Vice President and Chief Financial
Officer </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(281) <FONT STYLE="white-space:nowrap">823-4941</FONT> </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g477332g1116214928462.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g477332g1116214928462.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !$ *0# 2(  A$! Q$!_\0
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M6Y+!!=6_ERQI+$P'RL,@U4NM)2[D8R75UY3D%X!)\C8_#('L#5\    8 X%
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MXJ?Q-X0M/$*"4-Y%XHPLH&0P]&'>J,CQJWGDM;F*XB.)(F#*?<5Z9%\3]/\
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CM%%%,D**** "BBB@ HHHH **** "BBB@ HHHH 2BBB@#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
