Ranger Energy Services, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ranger Energy Services, Inc. on June 9, 2021. The filing reports a significant change in executive leadership effective July 11, 2021.
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 changes and does not contain financial performance data.
Material Changes
- CEO Departure: Darron Anderson, Chief Executive Officer and Director, is departing the Company after four years of leadership. His departure is effective July 11, 2021.
- Board Exit: Mr. Anderson will no longer serve on the Company's Board of Directors.
- Interim Appointment: Bill Austin, Chairman of the Board, has been appointed as interim Chief Executive Officer.
Management Commentary and Background
Bill Austin has served on the Board of Directors since May 2017 and will continue as Chairman while serving as interim CEO. He possesses over 40 years of experience in various industries, including oilfield services. His prior roles include Executive Vice President and CFO of Exterran Holdings (2011-2014) and board memberships at Stallion Oilfield Services, Nuverra Environmental Solutions, Inc., and Express Energy LLP.
Key Facts for Investor Verification
- Confirm the exact effective date of Darron Anderson's departure (July 11, 2021).
- Verify the duration of Bill Austin's interim CEO tenure and the timeline for a permanent CEO search.
- Review the press release (Exhibit 99.1) for any additional details on the transition plan not included in the 8-K text.
- Check subsequent filings for any financial impact related to executive compensation or severance.