Alex Volkov appointed to ProPetro board as ExxonMobil designee; board size increased to 10

ProPetro Holding Corp.

Alex Volkov, a vice president of ExxonMobil and transition executive for Pioneer integration, appointed to board.
Board size increased from 9 to 10 directors to accommodate the appointment per Investor Rights Agreement.
Mark Berg, former Pioneer designee, remains on board as independent director.
ProPetro received ~$422M combined from ExxonMobil subsidiaries (Pioneer $125.1M, XTO $297.2M) in FY 2023.
Volkov will not receive compensation under the company's non-employee director compensation policy.

item 5.02 item 7.01 item 9.01

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Appointed

Alex V. Volkov

Director

PUMP · ProPetro Holding Corp.

Effective: 2024-05-09
Filed: May 13, 2024, 7:59 PM ET

On May 9, 2024, the board of directors (the “Board”) of ProPetro Holding Corp. (the “Company”) increased the size of the Board from nine to ten directors, and, pursuant to the Investor Rights Agreement (the “Investor Rights Agreement”), dated as of December 31, 2018, by and between the Company and Pioneer Natural Resources Pumping Services LLC, a Delaware limited liability company (“Pioneer”), appointed Alex V. Volkov as a director.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alex V. Volkov was appointed as Director at ProPetro Holding Corp..

Action: appointed
Role: Director

Exact text from the filing

On May 9, 2024, the board of directors (the “Board”) of ProPetro Holding Corp. (the “Company”) increased the size of the Board from nine to ten directors, and, pursuant to the Investor Rights Agreement (the “Investor Rights Agreement”), dated as of December 31, 2018, by and between the Company and Pioneer Natural Resources Pumping Services LLC, a Delaware limited liability company (“Pioneer”), appointed Alex V. Volkov as a director.

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ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001104659-24-060204

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