Executive Chairman Phillip Gobe resigns; stays as non-employee Chairman

ProPetro Holding Corp.

Gobe resigned as Executive Chairman effective March 31, 2022, remains non-employee Chairman of the Board.
198,759 RSUs vested immediately; 647,125 PSUs have service condition waived, performance vesting unchanged.
Non-compete restricted to pressure pumping, cementing and coil tubing in oilfield services.
Agreement includes release of claims, non-disparagement, and confidentiality covenants.

item 5.02 item 9.01

Executive movements

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Role change

Phillip A. Gobe

Executive Chairman

PUMP · ProPetro Holding Corp.

Effective: 2022-03-31
Filed: April 1, 2022, 7:59 PM ET

Phillip A. Gobe resigned from his position as Executive Chairman of the Company, effective March 31, 2022 (the “Separation Date”), but continues to serve as a non-employee Chairman of the Board

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Phillip A. Gobe resigned as Executive Chairman at ProPetro Holding Corp..

Action: resigned
Role: Executive Chairman

Exact text from the filing

Phillip A. Gobe resigned from his position as Executive Chairman of the Company, effective March 31, 2022 (the “Separation Date”), but continues to serve as a non-employee Chairman of the Board

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ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001104659-22-041822

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