Cactus, Inc. — fact timeline

Cactus, Inc. amended credit facility with JPMorgan Chase Bank, N.A., as lender, administrative agent, issuing bank and swingline lender maturing December 31, 2026.

“The ABL Credit Facility Amendment amended the previously disclosed delayed draw term loan facility (the “Term Loan Facility”) to, among other things, extend the maturity date of the lenders’ commitments to fund term loans thereunder from June 1, 2026 to December 31, 2026.”

Cactus, Inc. amended ABL Credit Facility Amendment with JPMorgan Chase Bank, N.A. valued at Extended maturity date of lenders' commitments to fund term loans from June 1, 2026 to December 31, (effective 2026-05-29).

“On May 29, 2026, Cactus Companies, LLC (“Cactus Companies”), a subsidiary of Cactus Inc., entered into an amendment (the “ABL Credit Facility Amendment”) to its Amended and Restated Credit Agreement originally entered into on February 28, 2023 (as amended prior to the ABL Credit Facility Amendment, the “ABL Credit Facility”), by and among Cactus Companies, as borrower, certain subsidiaries of Cactus Companies from time to time party thereto, as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as lender, administrative agent, issuing bank and swingline lender.”

Cactus, Inc. shareholders approved Advisory vote on compensation of named executive officers at the 2026-05-12 meeting.

“The Company’s stockholders approved on a non-binding, advisory basis, the compensation of the Company’s named executive officers as reported in the Proxy Statement. Votes For Votes Against Abstentions Broker Non-Votes 73,305,285 1,137,758 43,298 1,486,982”

Cactus, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-12 meeting.

“The Company’s stockholders approved the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Votes For Votes Against Abstentions Broker Non-Votes 75,549,462 330,570 93,291 —”

Cactus, Inc. shareholders approved Election of Class II and Class III directors at the 2026-05-12 meeting.

“The Company’s stockholders elected to the board of directors of the Company each of the following Class II and Class III director nominees to serve until the 2027 annual meeting of stockholders. Name of Director Votes For Votes Against Abstentions Broker Non-Votes Joel Bender (Class II) 73,770,282 658,132 57,927 1,486,982 Alan Semple (Class II) 72,046,953 2,397,484 41,904 1,486,982 Tana Utley (Class II) 74,419,299 9,894 57,148 1,486,982 Scott Bender (Class III) 73,753,144 703,573 29,624 1,486,982 Gary Rosenthal (Class III) 65,781,966 7,981,651 722,724 1,486,982”

Stephen Tadlock changed role as Chief Executive Officer of the Spoolable Technologies Segment at Cactus, Inc..

“Stephen Tadlock will no longer function as Chief Executive Officer of the Spoolable Technologies Segment but effective May 12, 2026, will continue to serve as the Company’s Executive Vice President and Chief Executive Officer of Cactus International.”

Steven Bender was appointed as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment at Cactus, Inc..

“As of May 12, 2026, the Board of Directors of Cactus, Inc. (the “Company”) appointed Steven Bender as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment.”

Tana Utley was elected as independent director at Cactus, Inc..

“As of May 12, 2026, the Board of Directors of Cactus, Inc. (the “Company”) appointed Steven Bender as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment.”

Cactus, Inc. reported first quarter ended March 31, 2026 results: revenue $388.3 million, net income $40.2 million, EPS diluted loss per Class A share of $0.70.

“1, 2026, Cactus closed on its previously announced acquisition of a majority interest in Baker Hughes' Surface Pressure Control business (“Cactus International”); • Revenue of $388.3 million and operating income of $49.5 million; • Net income of $40.2 million and diluted loss per Class A share of $0.70; • Adjusted net income (1) of $56.2 million and diluted earnings”

Cactus, Inc. entered into Amended and Restated Limited Liability Company Agreement with Baker Hughes Pressure Control Holdings LLC valued at Purchase Price funded using cash on hand; Exit Price based on 6x Adjusted EBITDA with max valuation.

“On the Closing Date, the Joint Venture, the Cactus Member, Baker Hughes Pressure Control Holdings LLC (the “ Baker Member ”), an indirect subsidiary of Baker Hughes Company, and, for the limited purposes specified therein, the Company and Baker Hughes Company, entered into an Amended and Restated Limited Liability Company Agreement of the Joint Venture (the “ LLC Agreement ”).”

Cactus, Inc. completed an acquisition involving Baker Hughes Holdings LLC for $344,500,000 (closed 2026-01-01).

“On January 1, 2026 (the “Closing Date”), Baker Hughes Holdings and certain of its affiliates sold 65% of the limited liability company membership interests in the Joint Venture (“Membership Interests”) to Cactus UK Holding Limited (the “Cactus Member”), a subsidiary of Cactus Companies, for a cash purchase price of $344,500,000 (on a debt-free, and, except as noted below, cash-free basis), subject to certain working capital, cash, debt, capital expenditure and other customary adjustments after the Closing Date (the “Purchase Price” and such transaction, the “Transaction”).”

Cactus, Inc. amended ABL Credit Facility Amendment with JPMorgan Chase Bank, N.A. valued at $100.0 million (effective 2025-12-01).

“On December 1, 2025, Cactus Companies, LLC (“Cactus Companies”), a subsidiary of Cactus Inc., entered into an amendment (the “ABL Credit Facility Amendment”) to its Amended and Restated Credit Agreement originally entered into on February 28, 2023”

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

“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.”

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

“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.”

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

“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.”

Cactus, Inc. reported first quarter ended March 31, 2024 results: revenue Revenue of $274.1 million, net income Net income of $49.8 million, EPS diluted earnings per Class A share of $0.59.

“2024 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2024. First Quarter Highlights • Revenue of $274.1 million and operating income of $62.6 million; • Net income of $49.8 million and diluted earnings per Class A share of $0.59; • Adjusted net income (1) of $59.6 million and diluted”

Alan Keifer was appointed as Principal Accounting Officer at Cactus, Inc..

“On March 8, 2024, in connection with Ms. Anderson’s resignation, Alan Keifer, who is currently Interim Chief Financial Officer and Principal Financial Officer of the Company, was appointed as the Company’s Principal Accounting Officer effective March 15, 2024.”

Donna Anderson resigned as Vice President and Chief Accounting Officer at Cactus, Inc..

“On March 4, 2024, Donna Anderson, Vice President and Chief Accounting Officer of Cactus, Inc. (the “Company”), notified the Company of her intention to resign from the Company effective March 15, 2024.”

Cactus, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $274.9 million, net income $62.1 million, EPS $0.74.

“Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the fourth quarter and full year of 2023. Fourth Quarter Highlights • Revenue of $274.9 million and operating income of $78.6 million; • Net income of $62.1 million and diluted earnings per Class A share of $0.74;”

Cactus, Inc. reported the third quarter ended September 30, 2023 results: revenue $287.9 million, net income $68.0 million, EPS $0.80.

“2023 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the third quarter of 2023. Third Quarter Highlights • Revenue of $287.9 million and operating income of $87.6 million; • Net income of $68.0 million and diluted earnings per Class A share of $0.80; • Adjusted net income (1) of $63.8 million and diluted”

Alan Keifer was appointed as Interim CFO of the Company at Cactus, Inc..

“Alan Keifer has been appointed as the Interim CFO of the Company, effective November 13, 2023.”

Stephen Tadlock was appointed as Chief Executive Officer of the Company’s Spoolable Technologies segment at Cactus, Inc..

“Stephen Tadlock, Executive Vice President, Chief Financial Officer (“CFO”) and Treasurer of the Company, has been appointed as the Chief Executive Officer (“CEO”) of the Company’s Spoolable Technologies segment, effective immediately.”

Cactus, Inc. reported the second quarter ended June 30, 2023 results: revenue $305.8 million, net income $32.5 million, EPS $0.38.

“– 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”

Bruce Rothstein changed role as Chairman of the Board at Cactus, Inc..

“Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.”

Gary Rosenthal was appointed as Lead Independent Director at Cactus, Inc..

“Gary Rosenthal, an independent member of the Board, was appointed as Lead Independent Director of the Board.”

Steven Bender was appointed as Chief Operating Officer at Cactus, Inc..

“Steven Bender was appointed as Chief Operating Officer, replacing Joel Bender in that role.”

Joel Bender was appointed as President at Cactus, Inc..

“Joel Bender, a member of the Board, was appointed as President, replacing Scott Bender in that role.”

Scott Bender was appointed as Chairman of the Board at Cactus, Inc..

“Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.”

Cactus, Inc. shareholders approved Amendment of Long-Term Incentive Plan to increase reserved shares from 3,000,000 to 5,500,000 at the 2023-05-16 meeting.

“Proposal 3: The proposal to approve the amendment of the Company’s Long-Term Incentive Plan, as amended as of November 25, 2019, to increase the number of shares of the Company’s Class A common stock reserved for issuance under such plan from 3,000,000 to 5,500,000. Votes For Votes Against Abstentions Broker Non-Votes 73,736,610 2,797,911 21,583 934,428”

Cactus, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-16 meeting.

“Proposal 2: To approve the ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Abstentions Broker Non-Votes 77,126,035 351,401 13,096 —”

Cactus, Inc. shareholders approved Election of Class III directors to serve until the 2026 annual meeting at the 2023-05-16 meeting.

“Proposal 1: To elect to the board of directors of the Company, each of the following Class III director nominees to serve until the 2026 annual meeting of stockholders. Name of Director Votes For Votes Withheld Broker Non-Votes Scott Bender 73,613,204 2,942,900 934,428 Gary Rosenthal 39,882,724 36,673,380 934,428 Bruce Rothstein 70,022,096 6,534,008 934,428”

Cactus, Inc. reported first quarter ended March 31, 2023 results: revenue $228.4 million, net income $52.3 million, EPS $0.63.

“results for the first quarter of 2023. First Quarter Highlights • Closed the acquisition of HighRidge Resources, Inc. (“FlexSteel”) on February 28, 2023 (1) ; • Revenue of $228.4 million and operating income of $49.7 million; • Net income of $52.3 million and diluted earnings per Class A share of $0.63; • Adjusted net income (2) of $50.7 million and diluted”

Cactus, Inc. completed an acquisition involving HighRidge Resources, Inc. for $621,160,000 (on a debt-free, cash-free basis) (closed 2023-02-28).

“On February 28, 2023, the Company completed the Merger for a purchase price of $621,160,000 (on a debt-free, cash-free basis), subject to certain working capital, debt and other customary adjustments set forth in the Merger Agreement .”

Cactus, Inc. incurred revolving credit of $225.0 million in revolving commitments with JPMorgan Chase Bank, N.A., as administrative agent at 0.0% to 0.5% per annum for revolving loan ABR borrowings and 1.25% to 1.75% per maturing July 26, 2027.

“for a term loan of $125.0 million, the full amount of which was borrowed at closing of the Amended ABL Credit Facility to fund a portion of consideration for the Merger, and $225.0 million in revolving commitments, up to $20.0 million of which is available for the issuance of letters of credit. Subject to certain terms and conditions set forth in the Amended ABL”

Cactus, Inc. incurred term loan of $125.0 million with JPMorgan Chase Bank, N.A., as administrative agent at 2.50% per annum for term loan ABR borrowings and 3.50% per annum for term loan T maturing February 27, 2026.

“The Amended ABL Credit Facility provides for a term loan of $125.0 million, the full amount of which was borrowed at closing of the Amended ABL Credit Facility to fund a portion of consideration for the Merger”

Cactus, Inc. entered into Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies LLC with members of Cactus Companies LLC valued at Substantially the same terms as Second Amended and Restated LLC Agreement of Cactus LLC, including r (effective 2023-02-27).

“Cactus Companies and its members entered into the Amended and Restated Limited Liability Company Operating Agreement of Cactus Companies LLC, dated February 27, 2023 (the “ A&R Cactus Companies LLC Agreement ”).”

Cactus, Inc. amended Amended ABL Credit Facility with JPMorgan Chase Bank, N.A. valued at $125.0 million term loan, $225.0 million revolving commitments, up to $50.0 million additional revol (effective 2023-02-28).

“On February 28, 2023, in connection with the Merger, Cactus Companies assumed the rights and obligations of Cactus LLC as borrower under its existing Credit Agreement, dated as of August 21, 2018, among Cactus LLC, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender (as amended, the “ ABL Credit Facility ”), and the ABL Credit Facility was amended and restated in its entirety (the “ Amended ABL Credit Facility ”).”

Cactus, Inc. reported the full year ended December 31, 2022 results: revenue $688,369, net income $145,122.

“Revenues $ 187,774 $ 184,481 $ 129,916 $ 688,369 $ 438,589 Income from operations $ 48,221 $ 51,296 $ 25,712 $ 174,748 $ 75,427 Net income (1)(2) $ 40,739 $ 41,520 $ 20,383 $ 145,122 $ 67,470”

Cactus, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $187.8 million, net income $40.7 million, EPS $0.50 per Class A share.

“Fourth Quarter 2022 Highlights and Recent Events • Revenue of $187.8 million and income from operations of $48.2 million; • Net income of $40.7 million (1) and diluted earnings per Class A share of $0.50 (1) ;”

Cactus, Inc.: Amended and restated bylaws to include forum selection provisions designating federal district courts as exclusive forum for Securities Act claims (effective 2023-02-07).

“On February 7, 2023, the Board of Directors of Cactus, Inc. (the “Company”) amended and restated the Company’s bylaws (as so amended the “Amended and Restated Bylaws”) to include forum selection provisions that, among other things, provide that unless the Company consents in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any claims under the Securities Act of 1933, as amended.”

Cactus, Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC as representative of the several underwriters valued at up to 2,803,739 shares of Class A common stock at a price to the underwriters of $51.36 per share (effective 2023-01-10).

“On January 10, 2023, Cactus, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Cactus Wellhead, LLC (“Cactus LLC”), and J.P. Morgan Securities LLC as representative of the several underwriters named therein (the “Underwriters”), providing for the offer and sale by the Company (the “Offering”) of up to 2,803,739 shares of the Company’s Class A common stock, par value $0.01 per share (“Class A Common Stock”). In addition, the Company granted the Underwriters a 30-day option to purchase up to an additional 420,561 shares of the Company’s Class A Common Stock at a price to the underwriters of $51.36 per share (the “Option”).”

Cactus, Inc. entered into Commitment Letter with JP Morgan Chase Bank, N.A. valued at $375,000,000.

“In connection with the foregoing, Cactus Wellhead, LLC, a Delaware limited liability company (“ Cactus LLC ”), the operating subsidiary through which the Company operates its business, entered into a commitment letter (the “ Commitment Letter ”) with JP Morgan Chase Bank, N.A. (the “ Bridge Lender ”), pursuant to which the Bridge Lender has committed to provide a senior secured credit facility to Cactus LLC as the borrower in an aggregate amount of up to $375,000,000 (the “ Bridge Facility ”), with a maturity date of 364 days following the closing, which may be extended at Cactus LLC’s option for an additional three month period.”

Cactus, Inc. entered into Merger Agreement with HighRidge Resources, Inc. valued at $621,160,000 (effective 2022-12-30).

“On December 30, 2022, Cactus, Inc., a Delaware corporation (the “ Company ”), and its newly formed wholly owned subsidiary Atlas Merger Sub, LLC, a Delaware limited liability company (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with HighRidge Resources, Inc., a Delaware corporation (the “ Target ”), which indirectly owns all of the issued and outstanding equity interests in FlexSteel Pipeline Technologies, Inc., a Delaware corporation, and FlexSteel LTIP LP, a Delaware limited partnership (the “ Seller Representative ”), solely in its capacity as Seller Representative thereunder and for purposes of certain provisions of the Merger Agreement, pursuant to which Merger Sub will merge with and into the Target, with the Target continuing as the surviving entity and a wholly owned subsidiary of the Company (the “ Merger ”), for a purchase price of $621,160,000 (on a debt-free, cash-free basis), subject to certain working capital, debt and other cu”

Cactus, Inc. reported the third quarter ended September 30, 2022 results: revenue $184.5 million, net income $41.5 million, EPS $0.51.

“2022 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the third quarter of 2022. Third Quarter Highlights • Revenue of $184.5 million and income from operations of $51.3 million; • Net income of $41.5 million (1) and diluted earnings per Class A share of $0.51 (1) ; • Adjusted net income (2) of $39.3 million”

William Marsh was appointed as General Counsel, Vice President of Administration and Secretary at Cactus, Inc..

“The Company has appointed William Marsh to succeed Mr. Isaac as its General Counsel, Vice President of Administration and Secretary upon Mr. Isaac’s retirement.”

David J. Isaac departed as General Counsel, Vice President of Administration and Secretary at Cactus, Inc..

“On April 28, 2022, Mr. Isaac notified us that his retirement would become effective on May 20, 2022.”

David J. Isaac departed as General Counsel at Cactus, Inc..

“On March 17, 2022, David J. Isaac, the General Counsel, Vice President of Administration and Secretary of Cactus, Inc. (the “Company”) notified the Company of his intention to retire.”