8-K: Current report filing
Published on December 19, 2019
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On December 18, 2019, John Schmitz, Executive Chairman of Select Energy Services, Inc. (the “Company”), notified the board of directors of the Company (the “Board”) of his resignation as Executive Chairman, effective December 31, 2019, while remaining a director and non-executive Chairman of the Board.
In connection with his service as the non-executive Chairman of the Board, Mr. Schmitz will receive (i) an annual cash payment in the amount of $100,000 for each year of service as Chairman of the Board, which amount shall be prorated for any partial year of service, and (ii) the Company’s standard non-employee director compensation, which is detailed in the Company’s definitive proxy statement for the 2019 annual meeting of stockholders filed with the Securities and Exchange Commission on March 22, 2019.
| Item 7.01 | Regulation FD Disclosure. |
On December 19, 2019, the Company issued a press release announcing Mr. Schmitz’s transition from Executive Chairman to non-executive Chairman of the Board. A copy of the Company’s press release covering such announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 7.01 (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, and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press Release dated December 19, 2019 |
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: December 19, 2019
| SELECT ENERGY SERVICES, INC. | |||
| By: | /s/ Adam R. Law | ||
| Adam R. Law | |||
| Senior Vice President, General Counsel & Corporate | |||
| Secretary | |||