Item 5.02 Departures of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On April 5, 2021, Samuel D. Sledge, currently the Chief Strategy and
Administrative Officer of ProPetro Holding Corp. (the "Company"), was appointed
as President of the Company, effective immediately. Although no modifications
were made to Mr. Sledge's compensation at the time of his appointment, Mr.
Sledge's compensation will be reviewed by the Compensation Committee of the
Company's board of directors (the "Committee") at the Committee's next regularly
Samuel D. Sledge has served as the Company's Chief Strategy and Administrative
Officer since March 2020. Mr. Sledge has significant experience with the
Company, having joined the Company in 2011. Mr. Sledge has served in various
capacities throughout his tenure such as a Frac Technical Specialist and
Technical Operations Manager where his duties included quality control, planning
and logistics, and the development of the engineering program. Prior to serving
as Chief Strategy and Administrative Officer, Mr. Sledge served as the Vice
President of Finance, Corporate Development, and Investor Relations where his
responsibilities included financial planning and analysis, strategic initiatives
and investor relations. Mr. Sledge received a Bachelor of Business
Administration and a Masters of Business Administration from Baylor University.
There are no arrangements or understandings between Mr. Sledge and any other
persons pursuant to which he was selected to serve as the Company's President.
There are no family relationships between Mr. Sledge and any director or
executive officer of the Company. Information regarding Mr. Sledge required by
Item 404(a) of Regulation S-K was previously disclosed in the Company's proxy
statement filed on March 26, 2021 and is incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
On April 5, 2021, the Company issued a press release announcing the appointment
of Mr. Sledge as President. A copy of the press release is furnished as Exhibit
The information furnished with this report, including Exhibit 99.1, shall not be
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, nor shall it be deemed to be incorporated by
reference into any other filing under the Securities Act of 1933, as amended, or
the Exchange Act, except as expressly set forth by specific reference in such a
Item 9.01 Financial Statements and Exhibits.
Number Description of Exhibit
99.1 Press release, dated April 5, 2021.
104 Cover Page Interactive Data File. The cover page XBRL tags are
embedded within the inline XBRL document (contained in Exhibit 101)
© Edgar Online, source Glimpses