Liberty Energy Inc 8-K, filed Jun 16, 2021
Liberty Energy Inc. (LBRT)
8-K
2021-06-16
For: 2021-06-15
View Original
Added on
April 08, 2026
About this 8-K
Liberty Energy Inc filed this 8-K on June 16, 2021, reporting on events of June 15, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 15, 2021
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address and Zip Code of Principal Executive Offices)
(303 ) 515-2800
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| Securities registered pursuant to section 12(b) of the Act | ||||||||||||||||||||
| Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The following information is being reported pursuant to Section 5.02(b) of Form 8-K:
On June 15, 2021, Brett Staffieri resigned from the Board of Directors (the “Board”) of Liberty Oilfield Services Inc. (the “Company”). Mr. Staffieri’s resignation was not due to a disagreement between the Company and Mr. Staffieri relating to the Company’s operations, policies or practices.
The following information is being reported pursuant to Section 5.02(d) of Form 8-K:
Effective on June 15, 2021 and in connection with Mr. Staffieri’s resignation, Audrey Robertson was appointed to the Board. Ms. Robertson is not related to any officer or director of the Company. As compensation for her service on the Board, Ms. Robertson will receive the Company’s standard compensation for non-employee directors. There are no arrangements or understandings between Ms. Robertson and any other persons pursuant to which she will serve as a director.
Ms. Robertson serves as Chief Financial Officer of Franklin Mountain Energy, LLC (“Franklin Mountain”). The Company anticipates that it will perform hydraulic fracturing services for Franklin Mountain during 2021, and that the amount of these services will constitute less than 1% of the Company’s consolidated revenues for the year. Except as disclosed immediately above, there are no transactions or relationships between Ms. Robertson and the Company that would be required to be reported under Item 404(a) of Regulation S-K.
A copy of the press release announcing the appointment of Ms. Robertson is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 99.1 | ||||||||
SIGNATURE
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.
| LIBERTY OILFIELD SERVICES INC. | ||||||||||||||||||||
| Dated: June 15, 2021 | By: | /s/ R. Sean Elliott | ||||||||||||||||||
| R. Sean Elliott | ||||||||||||||||||||
| Vice President, General Counsel and Corporate Secretary | ||||||||||||||||||||
LIBERTY OILFIELD SERVICES INC. APPOINTS AUDREY ROBERTSON TO ITS BOARD OF DIRECTORS
June 15, 2021- Denver, Colorado- Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the appointment of Audrey Robertson to its Board of Directors. Ms. Robertson joined the Board contemporaneously with the resignation of Brett Staffieri, who previously served on the Board as a nominee of entities affiliated with Riverstone Holdings. Mr. Staffieri resigned after Riverstone completed the divestiture of its equity investment in the Company earlier this month.
“We are excited and pleased to welcome Audrey to the Board and the Liberty family,” said Chris Wright, Liberty’s Chairman and CEO. “Audrey has extensive expertise in finance and accounting matters. When coupled with her executive leadership and governance experience in the energy industry, her background is a complementary addition to our Board and augments the core skill sets represented by our Directors.”
“Mr. Wright also commented, "Brett has been involved with the Liberty Board since our founding. I want to thank him and the team at Riverstone for their contribution over the years.”
Ms. Robertson has served as the co-founder and Chief Financial Officer of Franklin Mountain Energy, LLC, a private oil and gas company operating in the Permian Basin since September 2018. She also serves as a co-founder and Managing Partner of Copper Trail Partners, LLC, a private equity platform based in Denver since November 2017. From 2005 to 2016, she served as a Partner and Senior Managing Director at Kayne Anderson Capital Advisors. Prior to that time, she was an investment banker with Goldman Sachs & Co. Ms. Robertson has been a Director of Bonanza Creek Energy, LLC since January 2020 and served on the board of directors of Extraction Oil and Gas, LLC from September 2019 to January 2021. She has served on the boards of several private companies and not-for-profit organizations. She holds a Bachelor of Science degree in Applied Economics and Management from Cornell University and a Master of Accounting degree from the University of Southern California.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com.
Contact:
Michael Stock
Chief Financial Officer
303-515-2851
IR@libertyfrac.com