S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans
Published on February 15, 2024
As filed with the Securities and Exchange Commission on February 15, 2024
Registration No. 333-
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
ProPetro Holding Corp.
(Exact name of registrant as specified in its charter)
Delaware | 26-3685382 |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
303 W. Wall Street, Suite 102 Midland, Texas |
79701 |
(Address of Principal Executive Offices) | (Zip Code) |
AMENDED AND RESTATED PROPETRO HOLDING CORP.
2020 LONG TERM INCENTIVE PLAN
(Full title of the plan)
John J. Mitchell
General Counsel and Corporate Secretary
303 W. Wall Street, Suite 102
Midland, Texas 79701
(Name and address of agent for service)
(512) 220-1200
(Telephone number, including area code, of agent for service)
Copies to:
Michael Telle
Raleigh J. Wolfe
Vinson & Elkins L.L.P.
845 Texas Avenue, Suite 4700
Houston, Texas 77002
(713) 758-2222
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Large accelerated filer | x | Accelerated filer | ¨ | ||
Non-accelerated filer | ¨ | Smaller reporting company | ¨ | ||
Emerging growth company | ¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act of 1933, as amended (the “Securities Act”). ¨
EXPLANATORY NOTE
The ProPetro Holding Corp. 2020 Long Term Incentive Plan was adopted in 2020 (the “2020 LTIP”). At the Annual Meeting of Shareholders (the “2023 Annual Meeting”) of ProPetro Holding Corp., a Delaware corporation (the “Registrant”), held on May 11, 2023, the Registrant’s shareholders approved an amendment and restatement of the 2020 LTIP (the “2023 Amendment”) in order to increase the number of shares of common stock, $0.001 par value per share (the “Common Stock”), available for future grants to 8,050,000, and to extend the term of the plan to the tenth anniversary of the 2023 Annual Meeting (as amended and restated, the “Plan”).
The Registrant is filing this Registration Statement on Form S-8 (this “Registration Statement”) pursuant to General Instruction E of Form S-8 to register the offer and sale of an additional 3,910,000 shares of Common Stock that may be issued pursuant to the Plan, which are available as a result of the 2023 Amendment to the Plan.
Except as otherwise set forth below, the contents of the registration statement on Form S-8 previously filed with the Securities and Exchange Commission (the “Commission”) on November 5, 2020 (File No. 333-249864), is incorporated herein by reference and made a part of this Registration Statement as permitted by General Instruction E to Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
* Filed herewith
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Midland, Texas on February 15, 2024.
PROPETRO HOLDING CORP. | ||
By: | /s/ John J. Mitchell | |
Name: | John J. Mitchell | |
Title: | General Counsel and Corporate Secretary |
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below appoints John J. Mitchell as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to the Registration Statement and any registration statement (including any amendment thereto) for this offering that is to be effective upon filing pursuant to Rule 462(b) under the Securities Act, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or would do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on February 15, 2024.
Signatures | Title |
/s/ Samuel D. Sledge | Chief Executive Officer and Director |
Samuel D. Sledge | (Principal Executive Officer) |
/s/ David S. Schorlemer | Chief Financial Officer |
David S. Schorlemer | (Principal Financial Officer) |
/s/ Celina A. Davila | Chief Accounting Officer |
Celina A. Davila | (Principal Accounting Officer) |
/s/ Phillip A. Gobe | Chairman of the Board |
Phillip A. Gobe | |
/s/ Spencer D. Armour III | Director |
Spencer D. Armour III | |
/s/ Mark S. Berg | Director |
Mark S. Berg | |
/s/ Anthony J. Best | Director |
Anthony J. Best | |
/s/ G. Larry Lawrence | Director |
G. Larry Lawrence | |
/s/ Jack B. Moore | Director |
Jack B. Moore | |
/s/ Mary P. Ricciardello | Director |
Mary P. Ricciardello | |
/s/ Michele Vion | Director |
Michele Vion |