Nine Energy Service Inc
For the period ended May 3, 2024. Filed Mar 8, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 3, 2024 · Filed Mar 8, 2024
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )
Filed by the Registrant ☒
Filed by a party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Material |
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| ☐ | Soliciting Material under §240.14a-12 |
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Nine Energy Service, Inc.
(Name of Registrant as Specified in its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
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| ☐ | Fee paid previously with preliminary materials |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS
To Be Held on May 3, 2024
The 2024 Annual Meeting of Stockholders (the “Annual Meeting”) of Nine Energy Service, Inc. (the “Company,” “we” and “our”) will be held at 8:00 a.m., Central Time, on May 3, 2024, at 2001 Kirby Drive, Suite 200, Houston, Texas 77019, for the following purposes:
To elect three Class III directors to serve until the Company’s 2027 Annual Meeting of Stockholders or until their respective successors are elected and qualified;
To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024;
To approve, on an advisory basis, the compensation of our named executive officers (“say-on-pay”);
To approve, on an advisory basis, the frequency of future say-on-pay advisory votes; and
To transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.
The Board of Directors of the Company (the “Board”) recommends you vote (i) “FOR” the election of each of the nominees named in the accompanying proxy statement to the Board, (ii) “FOR” the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024, (iii) “FOR” the approval, on an advisory basis, of the compensation of our named executive officers and (iv) “FOR” the option of “1 YEAR” as the preferred frequency for future say-on-pay advisory votes.
The Board has fixed March 6, 2024 as the record date for determining stockholders entitled to receive notice of, and to vote at, the Annual Meeting or any adjournment or postponement thereof. Only stockholders of record at the close of business on that date will be entitled to notice of, and to vote at, the Annual Meeting or any adjournment or postponement thereof. The Annual Meeting will begin promptly at 8:00 a.m., Central Time. Check-in will begin at 7:45 a.m., Central Time, and you should allow ample time for the check-in procedures.
Your vote is very important. Regardless of whether you plan to attend the Annual Meeting, we hope you will vote as soon as possible in advance of the Annual Meeting by one of the methods described in the accompanying proxy statement.
By Order of the Board of Directors
Ann G. Fox
President, Chief Executive Officer and Director
Houston, Texas
March 8, 2024
Important Notice Regarding the Availability of Proxy Materials for the Nine Energy Service, Inc. Stockholder Meeting to be Held on May 3, 2024:
The proxy materials, including our 2023 Annual Report, are available at https://investor.nineenergyservice.com.
TABLE OF CONTENTS
Page
| GENERAL INFORMATION | 1 |
|---|---|
| QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING | 2 |
| PROPOSAL 1 – ELECTION OF DIRECTORS | 6 |
| DIRECTORS AND EXECUTIVE OFFICERS | 7 |
| CORPORATE GOVERNANCE | 13 |
| PROPOSAL 2 – RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS LLP | 19 |
| PROPOSAL 3 – ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION | 21 |
| PROPOSAL 4 – ADVISORY VOTE TO APPROVE THE FREQUENCY OF FUTURE SAY-ON-PAY ADVISORY VOTES | 22 |
| AUDIT COMMITTEE REPORT | 23 |
| BENEFICIAL OWNERSHIP OF SHARES | 24 |
| EXECUTIVE AND DIRECTOR COMPENSATION | 26 |
| SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS | 42 |
| CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS | 43 |
| EXPENSES OF SOLICITATION | 44 |
| OTHER MATTERS | 44 |
| PROPOSALS OF STOCKHOLDERS | 44 |
i
PROXY STATEMENT
FOR
2024 ANNUAL MEETING OF STOCKHOLDERS
OF
NINE ENERGY SERVICE, INC.
To Be Held on May 3, 2024 at 8:00 a.m., Central Time
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.