other material
confidence high
sentiment neutral
materiality 0.35
Select Water Solutions enters severance agreements with four executive officers
Select Water Solutions, Inc.
- Agreements with CFO George, COO Skarke, EVP Lyons, and EVP Ortowski effective Oct 9, 2025.
- Severance pay of 1x base salary plus bonus opportunity for non-CIC termination; 2x within 24 months of CIC.
- COBRA premium reimbursement up to 12 months (24 months post-CIC) and pro-rata bonus provided.
- Skarke's prior employment agreement terminated; new agreements include 12-month non-compete and non-solicit for three officers.
- All four executives are subject to confidentiality covenants; agreements aim to standardize senior management compensation.