Veteran accountant Valerie Chase joins WaterBridge (NYSE: WBI) board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
WaterBridge Infrastructure LLC appointed Valerie Chase to its Board of Directors, with her term expiring at the company’s 2026 annual meeting of shareholders or earlier if she resigns or is removed. She will serve as an independent director and Chair of the Audit Committee, replacing Kara Goodloe Harling in that committee role while Ms. Goodloe Harling remains on the Board.
Chase brings more than 20 years of experience in finance, accounting and corporate governance, including senior roles at Apache Corporation and as Vice President, Chief Accounting Officer and Controller of Magnolia Oil & Gas Corporation. As a non-employee director, she will receive a grant of 2,830 restricted stock units vesting on September 18, 2026, an annual cash retainer of $100,000 for Board service, plus $10,000 annually for Audit Committee membership and an additional $10,000 annually for serving as Audit Committee Chair, all paid quarterly and prorated for partial service periods.
The company also entered into an indemnification agreement with Chase dated April 13, 2026, under which she is entitled to indemnification and expense advancement to the fullest extent permitted by law for liabilities arising from her service to the company.
Positive
- None.
Negative
- None.
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
RSU grant: 2,830 RSUs
Board cash retainer: $100,000 per year
Audit Committee retainer: $10,000 per year
+3 more
6 metrics
RSU grant
2,830 RSUs
Grant to Valerie Chase for partial year of board service; vesting on September 18, 2026
Board cash retainer
$100,000 per year
Annual cash retainer for Valerie Chase’s service on the Board, paid quarterly in advance
Audit Committee retainer
$10,000 per year
Additional annual cash retainer for service on the Audit Committee, paid quarterly in advance
Audit Chair retainer
$10,000 per year
Additional annual cash retainer for serving as Chair of the Audit Committee, paid quarterly in advance
Director term end
2026 annual meeting
Valerie Chase’s board term expires at the 2026 annual meeting of shareholders or earlier resignation or removal
Indemnification agreement date
April 13, 2026
Date of indemnification agreement between WaterBridge Infrastructure LLC and Valerie Chase
Key Terms
independent director, Audit Committee, restricted stock units, Long Term Incentive Plan, +1 more
5 terms
independent director regulatory
"The Board has determined that Ms. Chase is an “independent director” under the applicable rules of the New York Stock Exchange"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Audit Committee financial
"and has appointed her to serve as the Chair of the Audit Committee of the Board"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
restricted stock units financial
"a grant of 2,830 restricted stock units (“RSUs”) under the WaterBridge Infrastructure LLC Long Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long Term Incentive Plan financial
"under the WaterBridge Infrastructure LLC Long Term Incentive Plan, as may be amended and/or supplemented from time to time"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
indemnification agreement regulatory
"the Company entered into an indemnification agreement with Ms. Chase, dated April 13, 2026"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
FAQ
What did WaterBridge Infrastructure (WBI) announce in this 8-K filing?
WaterBridge Infrastructure appointed Valerie Chase to its Board of Directors and named her Chair of the Audit Committee. Her term runs until the 2026 annual meeting, and she enters into a standard indemnification agreement covering service-related liabilities and expense advancement.
Who is Valerie Chase and what experience does she bring to WaterBridge (WBI)?
Valerie Chase has over 20 years of experience in finance, accounting and corporate governance. She held senior roles at Apache Corporation and later served as Vice President, Chief Accounting Officer and Controller of Magnolia Oil & Gas Corporation during its initial business combination and public operations.
How will new director Valerie Chase be compensated by WaterBridge (WBI)?
As a non-employee director, Valerie Chase receives 2,830 restricted stock units vesting on September 18, 2026, a $100,000 annual cash retainer for Board service, plus $10,000 annually for Audit Committee membership and another $10,000 annually as Audit Committee Chair, all paid quarterly in advance.
What is the role change on WaterBridge’s Audit Committee involving Valerie Chase?
Valerie Chase has been appointed Chair of WaterBridge’s Audit Committee, replacing Kara Goodloe Harling in that committee leadership role. Kara Goodloe Harling continues to serve as a member of the Board, while Chase leads audit oversight as an independent director.
What indemnification protections does WaterBridge (WBI) provide to Valerie Chase?
WaterBridge entered into an indemnification agreement with Valerie Chase dated April 13, 2026. It requires the company to indemnify her to the fullest extent permitted by law and to advance or pay expenses for proceedings arising from her service, consistent with its standard indemnification form.
Is Valerie Chase considered independent under stock exchange and SEC rules?
The Board determined that Valerie Chase is an independent director under applicable New York Stock Exchange, NYSE Texas and SEC rules. This independence status is important for her role as Chair of the Audit Committee, which typically requires fully independent membership and leadership.