Smart Sand (SND) lays out compensation package for next CFO
Rhea-AI Filing Summary
Smart Sand, Inc. (SND) amended a prior report about its finance leadership transition to add compensation details for incoming Chief Financial Officer James Young. He is expected to succeed current CFO Lee Beckelman effective January 1, 2027, with all other previously reported terms unchanged.
The Compensation Committee approved, effective immediately, an annual base salary for Mr. Young of $400,000 and an annual award opportunity under the company’s long-term incentive plan of $600,000. His annual bonus target under the annual incentive plan remains at 50% of base salary, and he remains eligible for the employee benefit plans generally available to company employees.
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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.
Key Figures
James Young annual base salary: $400,000
Long-term incentive plan annual award opportunity: $600,000
Annual bonus target percentage: 50% of base salary
+2 more
5 metrics
James Young annual base salary
$400,000
Annual base salary for the incoming Chief Financial Officer, effective immediately
Long-term incentive plan annual award opportunity
$600,000
Annual award opportunity for James Young under the company’s long-term incentive plan
Annual bonus target percentage
50% of base salary
James Young’s target under the company’s annual incentive plan
Effective date of CFO succession
January 1, 2027
Date James Young is to succeed Lee Beckelman as Chief Financial Officer
Compensation Committee approval date
August 19, 2026
Date the Compensation Committee approved James Young’s revised compensation
Key Terms
long-term incentive plan, annual incentive plan, Compensation Committee, emerging growth company
4 terms
long-term incentive plan financial
"an annual award opportunity under the Company’s long-term incentive plan equal"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
annual incentive plan financial
"annual bonus target under the Company’s annual incentive plan remains equal"
Compensation Committee financial
"the Compensation Committee of the Company’s Board of Directors approved"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What did Smart Sand, Inc. (SND) disclose in this Form 8-K/A amendment?
Smart Sand, Inc. filed an amendment to a prior current report to disclose specific compensation terms for incoming Chief Financial Officer James Young. The amendment does not change any other aspect of the previously reported CFO succession effective January 1, 2027.
What is the new CFO James Young’s base salary at Smart Sand (SND)?
James Young’s annual base salary as Chief Financial Officer is $400,000, effective immediately following approval by the Compensation Committee on August 19, 2026. This reflects the compensation package associated with his upcoming role as CFO.
What long-term incentive opportunity will James Young receive at Smart Sand (SND)?
James Young has an annual award opportunity under Smart Sand’s long-term incentive plan equal to $600,000, effective immediately. This is part of his overall compensation package in connection with his appointment as Chief Financial Officer.
What is James Young’s annual bonus target at Smart Sand (SND)?
James Young’s annual bonus target under Smart Sand’s annual incentive plan remains equal to 50% of his base salary. With a base salary of $400,000, this defines his target bonus opportunity, subject to the plan’s terms and performance criteria.
Will James Young participate in other employee benefits at Smart Sand (SND)?
Yes. James Young will continue to be eligible to participate in the employee benefit plans generally available to Smart Sand’s employees, in addition to his base salary, annual incentive plan, and long-term incentive plan opportunities.
Does this Smart Sand (SND) filing change the effective date of the CFO transition?
No. The amendment states that James Young will still succeed Lee Beckelman as Chief Financial Officer effective January 1, 2027, and notes that all other disclosures in the earlier report remain the same.
AI-generated analysis. How Rhea-AI works. Not financial advice.
