secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-01-12T23:59:59+00:00
Accession:  0000950170-23-000690
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/0000950170-23-000690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000095017023000690/acdc-20220131.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000690

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