Ranger Energy Services discloses interim CEO salary of $45k/month; former CEO gets $88,637 separation

Ranger Energy Services, Inc.

Interim CEO William Austin receives $45,000 monthly salary under 90-day employment agreement effective June 12, 2021.
Former CEO Darron Anderson receives $88,637 lump-sum separation; all unvested restricted stock and performance units forfeited.
Austin's agreement includes confidentiality, non-competition, and non-solicitation covenants during employment.
Employment agreement automatically renews for 30-day terms unless either party gives 7 days' notice.

item 5.02 item 9.01 item 7.01

Executive movements

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Departed

Darron Anderson

Chief Executive Officer

RNGR · Ranger Energy Services, Inc.

Effective: 2021-06-11
Successor: William Austin
Filed: July 23, 2021, 7:59 PM ET

the Company also announced that Darron Anderson was departing the Company, effective June 11, 2021

Appointed (interim)

William Austin

interim Chief Executive Officer

RNGR · Ranger Energy Services, Inc.

Effective: 2021-06-12
Filed: July 23, 2021, 7:59 PM ET

the Company’s board of directors appointed William Austin as interim Chief Executive Officer, effective as of June 12, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Darron Anderson resigned as Chief Executive Officer at Ranger Energy Services, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

the Company also announced that Darron Anderson was departing the Company, effective June 11, 2021

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Austin was appointed as interim Chief Executive Officer at Ranger Energy Services, Inc..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

the Company’s board of directors appointed William Austin as interim Chief Executive Officer, effective as of June 12, 2021.

View on SEC.gov

Ranger Energy Services, Inc. filing history →

Source: SEC EDGAR

accession 0001699039-21-000075

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