Cactus appoints Jay Nutt as EVP, CFO and Treasurer effective June 3, 2024

Cactus, Inc.

Jay Nutt appointed EVP, CFO and Treasurer, replacing interim CFO Alan Keifer and Treasurer Stephen Tadlock.
Base salary of $450,000; eligible for annual bonus up to 80% base (non-stretch) plus up to 40% stretch.
Initial long-term incentive: RSUs and PSUs each at 1x base salary; RSUs vest ratably over 3 years, PSUs over 3 years based on ROCE.
Stephen Tadlock remains EVP and CEO of Spoolable Technologies segment.
Nutt previously served as CFO of ChampionX (2020-2021) and Apergy before that.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jay Nutt

Executive Vice President, Chief Financial Officer and Treasurer

WHD · Cactus, Inc.

Effective: 2024-06-03
Filed: May 28, 2024, 7:59 PM ET

On May 22, 2024, Cactus, Inc. (the “Company”) appointed Jay Nutt as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, with an anticipated start date of June 3, 2024.

Departed (interim)

Alan Keifer

Interim Chief Financial Officer

WHD · Cactus, Inc.

Effective: 2024-06-03
Successor: Jay Nutt
Filed: May 28, 2024, 7:59 PM ET

Mr. Nutt will replace Alan Keifer, who has been serving as the Company’s Interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer.

Role change

Stephen Tadlock

Executive Vice President, Chief Executive Officer of Spoolable Technologies segment

WHD · Cactus, Inc.

Effective: 2024-06-03
Successor: Jay Nutt
Filed: May 28, 2024, 7:59 PM ET

Mr. Nutt will also replace Stephen Tadlock in his capacity as the Company’s Treasurer. Mr. Tadlock will continue serving as Executive Vice President of the Company and Chief Executive Officer of the Company’s Spoolable Technologies segment.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Nutt was appointed as Executive Vice President, Chief Financial Officer and Treasurer at Cactus, Inc..

Action: appointed
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On May 22, 2024, Cactus, Inc. (the “Company”) appointed Jay Nutt as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, with an anticipated start date of June 3, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alan Keifer departed as Interim Chief Financial Officer at Cactus, Inc..

Action: replaced
Role: Interim Chief Financial Officer

Exact text from the filing

Mr. Nutt will replace Alan Keifer, who has been serving as the Company’s Interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Tadlock changed role as Executive Vice President, Chief Executive Officer of Spoolable Technologies segment at Cactus, Inc..

Action: replaced
Role: Executive Vice President, Chief Executive Officer of Spoolable Technologies segment

Exact text from the filing

Mr. Nutt will also replace Stephen Tadlock in his capacity as the Company’s Treasurer. Mr. Tadlock will continue serving as Executive Vice President of the Company and Chief Executive Officer of the Company’s Spoolable Technologies segment.

View on SEC.gov

Cactus, Inc. filing history →

Source: SEC EDGAR

accession 0001699136-24-000087

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