Select Water Solutions Announces Officer and Director Changes
Ticker: WTTR · Form: 8-K · Filed: Jan 30, 2025 · CIK: 1693256
| Field | Detail |
|---|---|
| Company | Select Water Solutions, Inc. (WTTR) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, filing-update, officer-appointment
TL;DR
Select Water Solutions shakes up leadership and exec pay, files financial updates.
AI Summary
Select Water Solutions, Inc. announced on January 24, 2025, changes in its officer and director positions. The company elected new directors and appointed new officers, alongside updates to its compensatory arrangements for certain executives. This filing also includes financial statements and exhibits.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or financial priorities, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director roles can indicate internal shifts that may affect company direction and performance.
Key Players & Entities
- Select Water Solutions, Inc. (company) — Registrant
- January 24, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 1820 North I-35 Gainesville, TX 76240 (address) — Principal Executive Offices
- (940) 668-1818 (phone_number) — Registrant's Telephone Number
FAQ
What specific officer or director positions were affected by the changes reported on January 24, 2025?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the names or exact roles in this summary.
Are the financial statements included in this filing audited?
The filing states that 'Financial Statements and Exhibits' are included, but does not specify whether they are audited or unaudited in the provided text.
What is the significance of the former company name 'Select Energy Services, Inc.'?
The former company name 'Select Energy Services, Inc.' was changed to 'Select Water Solutions, Inc.' on December 27, 2016, indicating a rebranding or restructuring.
What is the SIC code for Select Water Solutions, Inc.?
The Standard Industrial Classification (SIC) code for Select Water Solutions, Inc. is 1389, categorized under OIL, GAS FIELD SERVICES, NBC.
What is the filing date for this 8-K report?
This 8-K report was filed on January 30, 2025.
Filing Stats: 1,068 words · 4 min read · ~4 pages · Grade level 9.6 · Accepted 2025-01-30 16:59:56
Key Financial Figures
- $0.01 — hich registered Class A common stock, $0.01 par value WTTR New York Stock Excha
Filing Documents
- ef20042623_8k.htm (8-K) — 31KB
- ef20042623_ex99-1.htm (EX-99.1) — 19KB
- image00001.jpg (GRAPHIC) — 4KB
- 0001140361-25-002459.txt ( ) — 197KB
- wttr-20250124.xsd (EX-101.SCH) — 4KB
- wttr-20250124_lab.xml (EX-101.LAB) — 21KB
- wttr-20250124_pre.xml (EX-101.PRE) — 16KB
- ef20042623_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. On January 24, 2025, the Board of Directors (the "Board") of Select Water Solutions, Inc. (the "Company") voted to increase the size of the Board to nine directors and appointed Timothy A. Roberts and Bruce E. Cope, CPA to the Board, effective as of January 24, 2025 for an initial term expiring at the 2025 Annual Meetings of Stockholders of the Company (the "2025 Annual Meeting"). Mr. Roberts currently serves as the Chief Executive Officer and Partner of Iron Horse Midstream, LLC. Prior to assuming his current role, Mr. Roberts served as EVP & President of Cardinal Midstream III, Iron Horse's predecessor company. Mr. Roberts joined the Cardinal family of companies in 2009, serving in financial, commercial and corporate development roles prior to elevating to President. From 2006 to 2009, Mr. Roberts was with American Capital, Ltd.'s energy group, serving as a Senior Associate and later Vice President of American Capital's energy private equity and mezzanine investment team. Prior to that, Mr. Roberts worked as an analyst with Wachovia Energy Investment Banking group and as an audit associate with KPMG LLP. Mr. Roberts received a B.B.A. in accounting and philosophy from the University of Notre Dame and a M.P.A. from the McCombs School of Business at the University of Texas at Austin. Mr. Cope is currently an adjunct professor at Midwestern State University teaching Fundamentals of Oil & Gas Accounting for graduate and undergraduate students. Mr. Cope also currently serves as the head of the board of trustees of a private family trust and consults with Recon Resources, LLC, which manages investments in oil and gas minerals. From 1993 through 2020, Mr. Cope served as Senior Vice President, Chief Accounting Officer and Controller with Hunt Consolidated, Inc, and affiliated companies including Hunt Oil Company,
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 30, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: January 30, 2025 SELECT WATER SOLUTIONS, INC. By: /s/ Christina Ibrahim Christina Ibrahim Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary