NINE trims board; Schwinger to lead Audit Committee
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Nine Energy Service announced a board change. Richard A. Burnett resigned from the board effective November 9, 2025, and the company stated his departure was not due to any disagreement on operations, policies, or practices. Effective November 10, 2025, the board size was reduced from six to five. Chairman Scott E. Schwinger was appointed to the Audit Committee and named its Chair, effective the same date.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
FAQ
What did NINE disclose in this 8-K?
NINE reported the resignation of director Richard A. Burnett, a reduction of the board from six to five members, and the appointment of Scott E. Schwinger as Audit Committee Chair.
Did Richard A. Burnett resign due to a disagreement with NINE?
No. The company stated his resignation was not due to any disagreement regarding operations, policies, or practices.
When did the board changes at NINE take effect?
Burnett’s resignation was effective November 9, 2025. The board size change and Audit Committee appointments were effective November 10, 2025.
Who is NINE’s new Audit Committee Chair?
Scott E. Schwinger, the Chairman of the Board, was appointed as a member and as Chair of the Audit Committee effective November 10, 2025.
What is NINE’s updated board size?
The board was reduced from six to five members effective November 10, 2025.
What exchange does NINE trade on and under what symbol?
NINE’s common stock trades on the New York Stock Exchange under the symbol NINE.