Short answer
ProFrac Holding Corp. (ACDC) filed an 8-K current report with the SEC on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item EX-99.1 (Exhibit EX-99.1). Item 2.02 references Exhibit 99.1 for ProFrac’s fiscal-year results and related financial commentary.
ProFrac Holding Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Item 2.02 references Exhibit 99.1 for ProFrac’s fiscal-year results and related financial commentary
- Exhibit 99.1 earnings information is furnished, not filed under Exchange Act Section 18
- Forward-looking statements remain subject to risks and uncertainties described in the press release
Item 5.02 · Departure/Election of Directors or Officers
- CEO transition effective August 7, 2026: Matthew D. Wilks succeeds Johnathan L. Wilks while retaining Executive Chairman role
- Leadership remains founder-family controlled, with Matthew and Johnathan Wilks first cousins and sons of principal stockholders
- Johnathan Wilks moves to the Board through Farris Parties’ Stockholders’ Agreement designation, preserving family representation
- Sergei Krylov resigns as director without reported disagreement, creating the vacancy filled by Johnathan Wilks
- Johnathan Wilks’ outstanding unvested 2022 LTIP awards cancelled without acceleration or vesting, reducing immediate compensation cost exposure
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue $498.1M, up from $449.6M sequentially, while net loss narrowed to $74.7M from $80.8M
- Adjusted EBITDA $69.4M, margin 14%, versus $54.0M and 12% in Q1
- Free cash flow remained negative at $7.9M despite operating cash flow improving to $22.9M
- Net debt rose to $1.084B from $1.025B at December 31, 2025, increasing balance-sheet risk
- New $300M ABL facility extended maturities, with $71M remaining availability as of July 1, 2026
- CEO Ladd Wilks transitions to the board; Matt Wilks becomes CEO and Executive Chairman effective August 7, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other ProFrac Holding Corp. 8-K filings
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