---
schema_version: "secwatch.filing_event.v1"
accession: "0001680247-23-000041"
form_type: "8-K"
ticker: "PUMP"
cik: "0001680247"
company_name: "ProPetro Holding Corp."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:26:49.764283+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProPetro announces $100M share repurchase program (~13% of market cap)

## Summary
- Board approved $100M buyback through May 31, 2024; funded by cash and free cash flow.
- Represented ~13% of market cap at current share price; CEO cites strong Q1 earnings and three consecutive quarters of positive net income.
- Stockholders approved Amended & Restated 2020 LTIP, increasing share reserve by 3.4M to 8.05M shares.
- All nine director nominees elected; advisory say-on-pay passed with ~76% support (80.1M for, 25.2M against).

## SEC filing metadata
- accession: 0001680247-23-000041
- form_type: 8-K
- ticker: PUMP
- cik: 0001680247
- company_name: ProPetro Holding Corp.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/0001680247-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/pump-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680247-23-000041
- JSON: https://secwatch.observer/filing/0001680247-23-000041.json
- Plain text: https://secwatch.observer/filing/0001680247-23-000041.txt

## Key facts
- Shareholder Votes
  ProPetro Holding Corp. shareholders approved Approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers at the 2023-05-11 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: FOR AGAINST ABSTAIN BROKER NON-VOTES 80,131,278 25,180,657 33,438 3,426,893
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/0001680247-23-000041-index.htm
- Shareholder Votes
  ProPetro Holding Corp. shareholders approved Approve the Amended and Restated 2020 Long Term Incentive Plan at the 2023-05-11 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: FOR AGAINST ABSTAIN BROKER NON-VOTES 101,023,354 4,307,763 14,257 3,426,892
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/0001680247-23-000041-index.htm
- Shareholder Votes
  ProPetro Holding Corp. shareholders approved Ratification of the appointment of RSM US LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-05-11 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: FOR AGAINST ABSTAIN 107,748,902 560,132 463,232
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/0001680247-23-000041-index.htm
- Shareholder Votes
  ProPetro Holding Corp. shareholders approved Election of Directors at the 2023-05-11 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-11
  source text: NOMINEES FOR WITHHOLD BROKER NON-VOTES Samuel D. Sledge 103,729,360 1,616,016 3,426,890 Phillip A. Gobe 97,793,972 7,551,404 3,426,890 Spencer D. Armour III 95,604,623 9,740,753 3,426,890 Mark S. Berg 98,886,560 6,458,816 3,426,890 Anthony J. Best 103,947,223 1,398,153 3,426,890 Michele Vion 101,554,392 3,790,984 3,426,890 Mary P. Ricciardello 104,334,064 1,011,312 3,426,890 G. Larry Lawrence 104,398,862 946,514 3,426,890 Jack B. Moore 91,550,976 13,794,400 3,426,890
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000041/0001680247-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.