Cactus, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cactus, Inc. on September 11, 2019, regarding events occurring on that date. The Company is incorporated in Delaware and trades on the New York Stock Exchange under the symbol WHD.
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 corporate governance and personnel changes rather than financial performance.
Material Changes
- Departure of Principal Accounting Officer: Ike Smith, Chief Accounting Officer, notified the Company of his resignation effective September 25, 2019, to become CFO of another company.
- Interim Appointment: Brian Small, Senior Finance Director, will serve as the interim Principal Accounting Officer effective upon Mr. Smith's resignation.
- Reason for Departure: The resignation is not the result of any disagreement with the Company.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of material risks and contingencies. Management commentary is limited to thanking Mr. Smith for his contributions. No new compensatory arrangements were entered into with Mr. Small regarding his interim appointment.
Key Facts for Investor Verification
- Verify the effective date of the Chief Accounting Officer's resignation (September 25, 2019).
- Confirm the interim appointment of Brian Small as Principal Accounting Officer.
- Note that the departure was voluntary and unrelated to any disagreement with the Company.
- Review subsequent filings for the appointment of a permanent Chief Accounting Officer.