ProPetro names Sam Sledge CEO, Gobe becomes Executive Chairman effective Aug 31, 2021

ProPetro Holding Corp.

Phillip Gobe resigns as CEO, becomes Executive Chairman; later non-executive Chairman.
Sam Sledge promoted from President to CEO and appointed to Board; receives $400K RSUs and $600K PSUs.
Adam Muñoz expands role to President and COO; receives $100K RSUs and $150K PSUs.
General Counsel Trey Wilson reclassified to Tier 2 executive under severance plan.
Transition is culmination of board's succession planning process announced in press release.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Samuel D. Sledge

Chief Executive Officer

PUMP · ProPetro Holding Corp.

Effective: 2021-08-31
Filed: July 28, 2021, 7:59 PM ET

On July 27, 2021, Samuel D. Sledge was appointed as a member of the Board and Chief Executive Officer of the Company, effective as of the Transition Date, and will no longer serve as the Company’s President as of that date.

Role change

Phillip A. Gobe

Executive Chairman

PUMP · ProPetro Holding Corp.

Effective: 2021-08-31
Successor: Samuel D. Sledge
Filed: July 28, 2021, 7:59 PM ET

On July 27, 2021, Phillip A. Gobe, who currently serves as the Chief Executive Officer and Chairman of the Board of ProPetro Holding Corp. (the “Company” or “ProPetro”), resigned as Chief Executive Officer of the Company and was appointed as Executive Chairman of the Board of Directors (the “Board”) of the Company, in each case, effective as of August 31, 2021 (the “Transition Date”).

Role change

Adam Muñoz

President and Chief Operating Officer

PUMP · ProPetro Holding Corp.

Effective: 2021-08-31
Filed: July 28, 2021, 7:59 PM ET

On July 27, 2021, Adam Muñoz was appointed as President and Chief Operating Officer of the Company, effective on the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Samuel D. Sledge was appointed as Chief Executive Officer at ProPetro Holding Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On July 27, 2021, Samuel D. Sledge was appointed as a member of the Board and Chief Executive Officer of the Company, effective as of the Transition Date, and will no longer serve as the Company’s President as of that date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Phillip A. Gobe was appointed as Executive Chairman at ProPetro Holding Corp..

Action: appointed
Role: Executive Chairman

Exact text from the filing

On July 27, 2021, Phillip A. Gobe, who currently serves as the Chief Executive Officer and Chairman of the Board of ProPetro Holding Corp. (the “Company” or “ProPetro”), resigned as Chief Executive Officer of the Company and was appointed as Executive Chairman of the Board of Directors (the “Board”) of the Company, in each case, effective as of August 31, 2021 (the “Transition Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Muñoz was appointed as President and Chief Operating Officer at ProPetro Holding Corp..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On July 27, 2021, Adam Muñoz was appointed as President and Chief Operating Officer of the Company, effective on the Transition Date.

View on SEC.gov

ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001104659-21-096953

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