Mammoth Energy Names New Directors, Adjusts Exec Pay
Ticker: TUSK · Form: 8-K · Filed: Feb 13, 2025 · CIK: 1679268
| Field | Detail |
|---|---|
| Company | Mammoth Energy Services, Inc. (TUSK) |
| Form Type | 8-K |
| Filed Date | Feb 13, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $350,000, $20,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management-changes
TL;DR
Mammoth Energy adds 2 directors, signs new CEO deal.
AI Summary
Mammoth Energy Services, Inc. announced on February 10, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, David M. Johnson and Robert L. Pender, to its Board, effective immediately. Additionally, the company entered into new employment agreements with certain executive officers, including a new employment agreement with Arty Williams as Chief Executive Officer.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and management's focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Mammoth Energy Services, Inc. (company) — Registrant
- David M. Johnson (person) — Newly elected director
- Robert L. Pender (person) — Newly elected director
- Arty Williams (person) — Chief Executive Officer
FAQ
Who were the new directors elected to Mammoth Energy's Board?
David M. Johnson and Robert L. Pender were elected as new directors.
When were the new directors elected?
The new directors were elected effective February 10, 2025.
What is Arty Williams' role at Mammoth Energy?
Arty Williams has a new employment agreement as Chief Executive Officer.
What type of filing is this?
This is a Form 8-K Current Report.
What is the company's principal executive office address?
The principal executive office is located at 14201 Caliber Drive, Suite 300, Oklahoma City, Oklahoma 73134.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2025-02-13 16:51:56
Key Financial Figures
- $350,000 — ficer consisting of i) a base salary of $350,000 per year and ii) a bonus of $20,000 per
- $20,000 — of $350,000 per year and ii) a bonus of $20,000 per month. Signature Pursuant to th
Filing Documents
- tusk-20250210.htm (8-K) — 25KB
- 0001679268-25-000003.txt ( ) — 148KB
- tusk-20250210.xsd (EX-101.SCH) — 2KB
- tusk-20250210_lab.xml (EX-101.LAB) — 22KB
- tusk-20250210_pre.xml (EX-101.PRE) — 13KB
- tusk-20250210_htm.xml (XML) — 3KB
From the Filing
tusk-20250210 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 10, 2025 Mammoth Energy Services, Inc. (Exact name of registrant as specified in its charter) 001-37917 ( Commission File No.) Delaware 32-0498321 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 14201 Caliber Drive, Suite 300 Oklahoma City, Oklahoma (405) 608-6007 73134 (Address of principal executive offices) (Registrant's telephone number, including area code) (Zip Code) ______________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of The Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock TUSK The Nasdaq Stock Market LLC NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (232.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging Growth Company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(s) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously disclosed in a filing with the Securities and Exchange Commission made by Mammoth Energy Services, Inc. ("Mammoth" or the "Company"), effective as of January 1, 2025, Phil Lancaster transitioned into the role of the Company's Chief Executive Officer. On February 10, 2025, effective as of January 1, 2025, the Compensation Committee of the Company's Board of Directors approved compensation for Mr. Lancaster in connection with his appointment as the Company's Chief Executive Officer consisting of i) a base salary of $350,000 per year and ii) a bonus of $20,000 per month. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. MAMMOTH ENERGY SERVICES, INC. Date: February 13, 2025 By: /s/ Mark Layton Mark Layton Chief Financial Officer and Secretary