Smart Sand, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Smart Sand, Inc. on August 11, 2026. The filing primarily addresses executive leadership changes and references the issuance of a press release regarding financial results for the second quarter ended June 30, 2026.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release attached as Exhibit 99.1, which is referenced but not included in the provided text.
Material Changes and Executive Transitions
- Departure of CFO: Lee Beckelman will cease serving as Chief Financial Officer effective January 1, 2027.
- Transition Role: Mr. Beckelman will serve as an advisor to the CFO through May 31, 2030, under a new Employment Agreement.
- Appointment of CFO: James Young, currently Executive Vice President, General Counsel, and Secretary, was appointed as the new Chief Financial Officer, effective January 1, 2027.
Compensation and Management Commentary
Lee Beckelman Compensation Terms:
- Annual salary of $200,000 for 2027 and $150,000 for subsequent years (prorated for partial years).
- Eligible for an annual discretionary bonus and employee benefit plans.
- No new long-term equity awards; existing restricted stock awards continue to vest per original terms.
- Acceleration of vesting for the current year's portion of awards in the event of death, disability, or termination without cause.
- Severance of 12 months of base salary and benefits if terminated without cause during the agreement term.
- Subject to 12-month non-compete and non-solicitation restrictions post-termination.
James Young Compensation Terms: The material terms of compensation for Mr. Young's new appointment have not yet been determined as of the filing date.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q2 2026 financial results, as they are not detailed in this 8-K text.
- Verify the final compensation package for the incoming CFO, James Young, once determined.
- Monitor the transition timeline to ensure a smooth handover between Mr. Beckelman and Mr. Young effective January 1, 2027.
- Assess the impact of the CFO transition on the company's strategic financial planning and reporting continuity.