Solaris Oilfield Infrastructure, Inc. - 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Solaris Oilfield Infrastructure, Inc. on October 5, 2018, covering events occurring on October 3, 2018. The filing addresses Item 5.02 regarding the appointment of certain officers and compensatory arrangements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation adjustments.
Material Changes
On October 3, 2018, the Compensation Committee approved a base salary of $250,000 per year for Mr. William A. Zartler, the Company's Chief Executive Officer, effective immediately. Concurrently, Mr. Zartler will no longer receive compensation for his services as a director.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items beyond the executive compensation change.
Key Facts for Investor Verification
- CEO William A. Zartler's new annual base salary is $250,000.
- CEO William A. Zartler's director compensation has been terminated.
- The changes were approved by the Compensation Committee on October 3, 2018.
- The filing does not disclose any financial performance data for the period.