{"schema_version":"secwatch.filing_event.v1","accession":"0001699136-23-000088","form_type":"8-K","ticker":"WHD","cik":"0001699136","company_name":"Cactus, Inc.","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.899710+00:00","generated_at":"2026-06-12T04:30:04.299077+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Cactus Q2 revenue $305.8M, adjusted EPS $0.84; dividend raised 9%; leadership changes","bullets":["Revenue $305.8M, up 80% YoY; operating income $48.5M (margin 15.9% vs 26% Q2 2022).","Adjusted net income $67.3M ($0.84 diluted EPS adjusted); cash flow from operations $108.1M.","Dividend increased 9% to $0.12/quarter; $150M share repurchase authorized.","Paid off $155M FlexSteel acquisition debt as of July 31, 2023.","Leadership changes: Scott Bender Chairman, Joel Bender President, Steven Bender COO, Gary Rosenthal Lead Independent Director."],"urls":{"canonical":"https://secwatch.observer/filing/0001699136-23-000088","json":"https://secwatch.observer/filing/0001699136-23-000088.json","markdown":"https://secwatch.observer/filing/0001699136-23-000088.md","text":"https://secwatch.observer/filing/0001699136-23-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/whd-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T04:30:04.299077+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ba026b4a88af6343a65878734e899cc1b4afe8a0","claim":"Cactus, Inc. reported the second quarter ended June 30, 2023 results: revenue $305.8 million, net income $32.5 million, EPS $0.38.","evidence_excerpt":"– Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the second quarter of 2023. Second Quarter Highlights • Revenue of $305.8 million and operating income of $48.5 million; • Net income of $32.5 million and diluted earnings per Class A share of $0.38; • Adjusted net income (1) of $67.3 million and diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$305.8 million"},{"label":"Net income","value":"$32.5 million"},{"label":"EPS","value":"$0.38"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"454ea6e704","claim":"Steven Bender was appointed as Chief Operating Officer at Cactus, Inc..","evidence_excerpt":"Steven Bender was appointed as Chief Operating Officer, replacing Joel Bender in that role.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"793776dad0","claim":"Joel Bender was appointed as President at Cactus, Inc..","evidence_excerpt":"Joel Bender, a member of the Board, was appointed as President, replacing Scott Bender in that role.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"7c7d1864c3","claim":"Scott Bender was appointed as Chairman of the Board at Cactus, Inc..","evidence_excerpt":"Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"9d34847cdd","claim":"Gary Rosenthal was appointed as Lead Independent Director at Cactus, Inc..","evidence_excerpt":"Gary Rosenthal, an independent member of the Board, was appointed as Lead Independent Director of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Lead Independent Director"}],"fact_type":"executive_change"},{"claim_id":"f129e2f2af","claim":"Bruce Rothstein changed role as Chairman of the Board at Cactus, Inc..","evidence_excerpt":"Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm","confidence":0.99,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}