Solaris Energy Infrastructure Appoints New Directors, Updates Executive Pay
Ticker: SEI · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1697500
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Solaris Energy Infrastructure adds two directors and revises exec pay packages.
AI Summary
Solaris Energy Infrastructure, Inc. announced on January 30, 2025, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, David M. Johnson and Michael J. McGavock, to its board. Additionally, the company entered into new employment agreements with its named executive officers, including its CEO, CFO, and COO, detailing their compensation and severance packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- Solaris Energy Infrastructure, Inc. (company) — Registrant
- David M. Johnson (person) — Newly elected director
- Michael J. McGavock (person) — Newly elected director
- January 30, 2025 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to Solaris Energy Infrastructure's board?
David M. Johnson and Michael J. McGavock were elected as new directors.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported was January 30, 2025.
What are the main items disclosed in this 8-K filing?
This filing discloses the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with Regulation FD disclosures and financial statements/exhibits.
What is the former name of Solaris Energy Infrastructure, Inc.?
The former name of Solaris Energy Infrastructure, Inc. was Solaris Oilfield Infrastructure, Inc.
When did the company change its name from Solaris Oilfield Infrastructure, Inc.?
The company changed its name on February 7, 2017.
Filing Stats: 1,229 words · 5 min read · ~4 pages · Grade level 10.8 · Accepted 2025-02-05 16:47:43
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value " SEI " New York Stock Ex
Filing Documents
- d923149d8k.htm (8-K) — 31KB
- d923149dex101.htm (EX-10.1) — 70KB
- d923149dex991.htm (EX-99.1) — 5KB
- 0001193125-25-020863.txt ( ) — 251KB
- sei-20250130.xsd (EX-101.SCH) — 3KB
- sei-20250130_lab.xml (EX-101.LAB) — 18KB
- sei-20250130_pre.xml (EX-101.PRE) — 11KB
- d923149d8k_htm.xml (XML) — 4KB
Financial Statements and Schedules
Financial Statements and Schedules (d)Exhibits Exhibit Description 10.1 Indemnification Agreement (M. Max Yzaguirre). 99.1 Press Release, dated January 30, 2025. 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. Date: February 5, 2025 SOLARIS ENERGY INFRASTRUCTURE, INC. By: /s/ Kyle S. Ramachandran Name: Kyle S. Ramachandran Title: President and Chief Financial Officer 4