8-K filed January 22, 2025, 6:59 PM ET ticker LBRT CIK 0001694028

leadership confidence high sentiment neutral materiality 0.65

Liberty Energy expands board, appoints Arjun Murti and conditionally appoints Ron Gusek as CEO

Liberty Energy Inc.

Board increased from 9 to 10 directors; Arjun Murti appointed as Class I director effective Jan 22, 2025.
Ron Gusek conditionally appointed to Board and as CEO successor, contingent on Chris Wright's Senate confirmation as Energy Secretary.
Upon confirmation, Wright's 233,025 time-based and 500,572 performance-based RSUs will vest immediately.
Gusek's CEO compensation: base salary $603,580, target cash incentive ~$898,160, and RSU grant value ~$3,019,000.

item 5.02

Executive movements

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Appointed

Ron Gusek

Chief Executive Officer

LBRT · Liberty Energy Inc.

Filed: January 22, 2025, 6:59 PM ET

the Board conditionally appointed Mr. Ron Gusek, named successor to the Chief Executive Officer of the Company, as a Class II director

Appointed

Arjun Murti

Class I Director

LBRT · Liberty Energy Inc.

Effective: 2025-01-22
Filed: January 22, 2025, 6:59 PM ET

On January 22, 2025, the Board of Directors (the “Board”) of Liberty Energy Inc. (the “Company”) approved an increase to the size of the Board from nine directors to 10 directors and appointed Mr. Arjun Murti to fill the newly created vacancy.

Appointed

Ron Gusek

Class II Director

LBRT · Liberty Energy Inc.

Filed: January 22, 2025, 6:59 PM ET

the Board conditionally appointed Mr. Ron Gusek, named successor to the Chief Executive Officer of the Company, as a Class II director with an initial term expiring at the 2027 annual meeting of stockholders.

Departed

Chris Wright

Chairman of the Board, Director, and CEO

LBRT · Liberty Energy Inc.

Successor: Ron Gusek
Filed: January 22, 2025, 6:59 PM ET

the previously disclosed resignation of Mr. Chris Wright as Chairman of the Board, Director, and CEO of the Company subject to his ratification and confirmation (the “Confirmation Condition”) by the United States Senate to serve as the incoming Secretary of Energy of the United States.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ron Gusek was appointed as Chief Executive Officer at Liberty Energy Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board conditionally appointed Mr. Ron Gusek, named successor to the Chief Executive Officer of the Company, as a Class II director

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Arjun Murti was appointed as Class I Director at Liberty Energy Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

On January 22, 2025, the Board of Directors (the “Board”) of Liberty Energy Inc. (the “Company”) approved an increase to the size of the Board from nine directors to 10 directors and appointed Mr. Arjun Murti to fill the newly created vacancy.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ron Gusek was appointed as Class II Director at Liberty Energy Inc..

Action: appointed
Role: Class II Director

Exact text from the filing

the Board conditionally appointed Mr. Ron Gusek, named successor to the Chief Executive Officer of the Company, as a Class II director with an initial term expiring at the 2027 annual meeting of stockholders.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Wright resigned as Chairman of the Board, Director, and CEO at Liberty Energy Inc..

Action: resigned
Role: Chairman of the Board, Director, and CEO

Exact text from the filing

the previously disclosed resignation of Mr. Chris Wright as Chairman of the Board, Director, and CEO of the Company subject to his ratification and confirmation (the “Confirmation Condition”) by the United States Senate to serve as the incoming Secretary of Energy of the United States.

View on SEC.gov

Liberty Energy Inc. filing history →

Source: SEC EDGAR

accession 0001694028-25-000029

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