---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000690"
form_type: "8-K"
ticker: "ACDC"
cik: "0001881487"
company_name: "ProFrac Holding Corp."
filed_at: "2023-01-12T23:59:59+00:00"
generated_at: "2026-06-20T16:11:51.330571+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ProFrac expands board, appoints Randle as director, Wilbanks as COO effective Jan 13, 2023

## Summary
- Board increased from 5 to 6; Coy Randle appointed as director and Farris designee.
- Phillip Blaine Wilbanks promoted to COO with base salary of $375,000 per annum + incentives.
- Randle enters consulting agreement for $200,000 annual fee, 1-year term renewable, with non-compete.
- Stockholders' Agreement amended to allow Farris Parties to designate two directors (up from one).
- Second Amended & Restated Charter filed to maintain special voting powers of Wilks Directors.

## SEC filing metadata
- accession: 0000950170-23-000690
- form_type: 8-K
- ticker: ACDC
- cik: 0001881487
- company_name: ProFrac Holding Corp.
- filed_at: 2023-01-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/0000950170-23-000690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/acdc-20220131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000690
- JSON: https://secwatch.observer/filing/0000950170-23-000690.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000690.txt

## Key facts
- Executive change
  Coy Randle changed role as Director at ProFrac Holding Corp..
  - Action: promoted
  - Role: Director
  source text: Mr. Coy Randle was promoted from the position of Chief Operating Officer to become a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/0000950170-23-000690-index.htm
- Executive change
  Phillip Blaine Wilbanks was appointed as Chief Operating Officer at ProFrac Holding Corp..
  - Action: promoted
  - Role: Chief Operating Officer
  source text: Mr. Phillip Blaine Wilbanks, the Company’s Senior Vice President of Operations, was promoted to the position of Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/0000950170-23-000690-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.