Select Water Solutions Appoints New CFO

TL;DR

Select Water Solutions names Kevin T. Lacy as new CFO, effective today. He'll make $425k base.

AI Summary

Select Water Solutions, Inc. announced on March 4, 2024, the appointment of Kevin T. Lacy as Chief Financial Officer, effective March 4, 2024. Lacy previously served as the Interim Chief Financial Officer and will receive an annual base salary of $425,000, along with other compensation and equity awards.

Why It Matters

The appointment of a permanent Chief Financial Officer is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which is a routine corporate event.

Key Numbers

• $425,000 — CFO Annual Base Salary (This is the base compensation for the newly appointed Chief Financial Officer.)

Key Players & Entities

• Select Water Solutions, Inc. (company) — Registrant
• Kevin T. Lacy (person) — Appointed Chief Financial Officer
• $425,000 (dollar_amount) — Annual base salary for CFO
• March 4, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.01 — which registered Class A common stock, $0.01 par value WTTR New York Stock Excha
• $360,000 — uding: (i) a severance payment equal to $360,000, which represents twelve (12) months' w
• $288,000 — o Mr. Swyka's target bonus for 2024, or $288,000, which amount described in this clause
• $263,779 — incentive plan for 2023 in an amount of $263,779. The foregoing description of the Separ

Filing Documents

• ef20023179_8k.htm (8-K) — 36KB
• ef20023179_ex99-1.htm (EX-99.1) — 11KB
• image00001.jpg (GRAPHIC) — 4KB
• 0001140361-24-011109.txt ( ) — 192KB
• wttr-20240304.xsd (EX-101.SCH) — 4KB
• wttr-20240304_lab.xml (EX-101.LAB) — 21KB
• wttr-20240304_pre.xml (EX-101.PRE) — 16KB
• ef20023179_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Christopher K. George On March 4, 2024, Christopher K. George, currently the Senior Vice President, Corporate Development, Investor Relations, & Sustainability of Select Water Solutions, Inc. (the "Company"), was appointed as Executive Vice President and Chief Financial Officer of the Company, effective immediately. Mr. George, age 37, served as Senior Vice President, Corporate Development, Investor Relations & Sustainability at Select Energy Services, Inc. from January 2022 until his appointment as Executive Vice President and Chief Financial Officer. Mr. George served as Treasurer of the Company from May 2018 until March 2022. Since joining Select in January 2012, Mr. George has served in a variety of roles of increasing responsibility, including as Vice President, Investor Relations and Senior Director, Corporate Finance & Investor Relations. Prior to joining Select, Mr. George spent a number of years in the Global Energy Investment Banking Group at UBS Investment Bank, where he focused on public equity and debt capital raises and M&A advisory work within the energy industry. Mr. George attained his Bachelor of Business Administration in Accounting from the Business Honors Program and his Master in Professional Accounting from the McCombs School of Business at the University of Texas at Austin. There are no arrangements or understandings between Mr. George and any other persons pursuant to which he was selected to serve as the Company's Executive Vice President and Chief Financial Officer. There are no family relationships between Mr. George and any director or executive officer of the Company, and there are no relationships between Mr. George and the Company or its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K. The Company has not entered into or amended any comp

01

Item 7.01 Regulation FD Disclosure. On March 4, 2024, the Company issued a press release announcing the management changes discussed herein. A copy of the press release is furnished as Exhibit 99.1 hereto. 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 filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated March 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES 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 hereunto duly authorized. Dated: March 4, 2024 SELECT WATER SOLUTIONS, INC. By: /s/ Christina Ibrahim Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary 4

View Full Filing

View this 8-K filing on SEC EDGAR