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Get filing alertsNine Energy Service promotes Heather Schmidt to permanent CFO with $425K salary
Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read
Key Changes
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Heather Schmidt, Interim CFO since May 11, appointed permanent Chief Financial Officer effective May 22, 2026. Schmidt has been with Nine Energy since 2012, most recently as SVP of Strategic Development and Investor Relations.
Item 5.02 verify on EDGAR → -
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Compensation package includes $425,000 base salary and 75% target annual bonus (approximately $319,000), establishing total cash compensation of roughly $744,000 annually.
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Schmidt received $600,000 in long-term incentives: $300,000 in time-based RSUs vesting over three years, plus $300,000 performance-based cash award tied to relative total shareholder return with 200% maximum payout.
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Severance terms provide one times base salary plus target bonus if terminated without cause or for good reason; doubles to two times if termination occurs within 24 months of change in control.
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Summary
Nine Energy Service has resolved its CFO transition by promoting Heather Schmidt to the permanent role after an 11-day interim period. Schmidt, a 14-year company veteran who previously led strategic development and investor relations, brings internal continuity to the finance leadership position. Her compensation package totals $425,000 in year-one value when combining cash and equity awards.
For retail investors, this appointment signals stability in financial leadership after what appears to have been a brief transition period. The performance-based component of Schmidt's compensation—tied directly to total shareholder return—aligns her interests with shareholders. The relatively modest severance terms (one times pay in normal circumstances) suggest reasonable governance practices.
Watch for Schmidt's first earnings call as permanent CFO and any strategic commentary she provides on capital allocation or operational priorities. Her background in strategic development may influence how the company communicates its growth plans to investors going forward.
Section-by-Section Diff
Event · Item 9.01 — Financial Statements and Exhibits
Nine Energy Service filed an amended employment agreement with Ms. Schmidt, effective May 22, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Amended and Restated Employment Agreement by and between the Company, Nine Energy Service, LLC, and Ms. Schmidt, effective as of May 22, 2026.
The company entered into an amended and restated employment agreement with Ms. Schmidt, effective May 22, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 25, 2026 · How we verify