Company: NINE
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001193125-25-048494
Chunk: 11

Company: Nine Energy Service, Inc.
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 11
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, the Company’s strategic priorities, the Nominating, Governance and Compensation Committee recommended the Board be reduced from eight to six members. In addition, the Nominating, Governance and Compensation Committee and the Board unanimously determined that new directors and perspectives would be beneficial to the Company.Consistent therewith, on February 28, 2025, Ernie L. Danner, Curtis F. Harrell and Andrew L. Waite resigned as directors, effective as of the end of such date, and the Board appointed Julie A. Peffer and Richard A. Burnett as directors to fill two of those vacancies, with Ms. Peffer’s service to begin on March 1, 2025 and Mr. Burnett’s service to begin on May 3, 2025. Also on February 28, 2025, the Board elected Scott E. Schwinger as Chairman of the Board, effective March 1, 2025, to replace Mr. Danner. In addition to such changes in the Board’s composition, it is currently expected that Gary L. Thomas will resign from the Board on May 2, 2025, Mark E. Baldwin will resign from the Board on August 1, 2025 and a new director will be appointed to the Board later this year.Pursuant to the Company’s certificate of incorporation, the Board of Directors is divided into three classes of directors, with each class as nearly equal in number as possible, serving staggered three-year terms, such that only one class of directors are elected in each year. To maintain balanced classes, Ms. Peffer has been assigned to Class I, and Mr. Burnett has been assigned to Class II (effective upon him joining the Board on May 3, 2025).As of the date of this Proxy Statement, the members of the Board are as follows: (i) Darryl K. Willis and Ms. Peffer as Class I directors; (ii) Messrs. Schwinger and Thomas as Class II directors and (iii) Ann G. Fox and Mr. Baldwin as Class III directors.As of May 3, 2025, assuming our stockholders elect the nominees of the Board as set forth in “Proposal 1—Election of Directors” below, the members of the Board will be as listed below.NameAge(1)PositionDirector ClassIndependentAnn G. Fox48President, Chief Executive Officer and DirectorClass IIINoScott E. Schwinger(2)60Chairman of the BoardClass IIYes