secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001104659-24-069736
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac CFO Lance Turner to resign June 17; Austin Harbour named new CFO
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- Lance Turner resigns as CFO effective June 17, 2024; will consult at $350/hour for up to 4 months.
- Turner receives $450k severance, $660k lump sum, and vesting of 196,903 time-based RSUs; performance RSUs forfeited.
- New CFO Austin Harbour enters employment agreement: $450k base salary, $250k sign-on bonus after 90 days, one-year term.
- Harbour's severance: if terminated without cause or for good reason, receives base salary plus prior year bonus pro-rated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924069736/0001104659-24-069736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000110465924069736/tm2416779d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-069736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer