Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Realignment of Corporate Officer Structure
Effective April 1, 2020 (the "Effective Date"), Select Energy Services, Inc.
(the "Company") decided to realign leadership responsibilities relating to
certain of its business segments. As of the Effective Date, Mitchell Shauf will
act as the Executive Vice President, Water Solutions, and will oversee the
Company's Water Services and Water Infrastructure business segments, and Michael
Skarke will act as the Executive Vice President, Corporate Development, Sales
and Operational Support, and will oversee the support functions relating to all
of the Company's business segments. Prior to the Effective Date, Mr. Shauf
served as Executive Vice President, Water Services, and Mr. Skarke served as
Executive Vice President, Water Infrastructure. For an explanation of the
business experience of Messrs. Shauf and Skarke, please see their respective
biographies as disclosed in the Company's definitive proxy statement for the
2020 annual meeting of stockholders filed with the Securities and Exchange
Commission on March 27, 2020.
There are no family relationships between Mr. Shauf or Mr. Skarke and any
director or executive officer of the Company or any person nominated or chosen
by the Company to become a director or executive officer. There are no
arrangements or understandings between Mr. Shauf or Mr. Skarke and any other
persons pursuant to which such individual was selected in their new position.
Item 7.01. Regulation FD Disclosure.
On March 31, 2020, the Company issued a press release announcing operational
updates and strategic actions in response to current market conditions. A copy
of the Company's press release covering such announcement and certain other
matters is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
The information contained 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 shall not be incorporated by reference into any
filings made by the Company under the Securities Act of 1933, as amended, or the
Exchange Act, except as may be expressly set forth by specific reference in such
filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated March 31, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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