Company: NINE
Filing Date: 2025-03-05
Form Type: 8-K
Source: 0001193125-25-047350
Chunk: 1

Company: Nine Energy Service, Inc.
Filing Date: 2025-03-05
Form: 8-K
Item: Item 5.02
Chunk 1
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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.  

In the first quarter of 2025, after careful consideration of, among other things, the Company’s strategic priorities, the Company’s Board of Directors (the “ Board”) unanimously agreed that a reduction in the size of the Board from eight to six members by the end of the year and a change in its composition would be beneficial to the Company and its strategic priorities moving forward. 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. Mr. Burnett and Ms. Peffer have been appointed to the Audit Committee, effective as of May 3, 2025 and March 7, 2025, respectively. 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 the above 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.

Mr. Burnett and Ms. Peffer will receive compensation for service on the Board and its committees in a manner consistent with the Company’s non-employeedirector compensation policies and programs in effect from time to time. Currently, the Company’s non-employeedirectors receive a quarterly cash retainer of $18,750, and each non-employeedirector serving on the Board’s Audit Committee not in the role of Chairman receives an additional quarterly cash retainer of $1,875. Also, in connection with her appointment to the Board, Ms. Peffer has entered into an indemnification agreement with the Company in the same form that the Company has entered into with its other directors and Mr. Burnett will also enter into such an agreement upon the effective date of his directorship