Cactus, Inc. filings document an oilfield equipment and services business focused on pressure control and spoolable technologies. Material-event reports and proxy statements cover operating results, segment information for Pressure Control and Spoolable Technologies, capital structure, Class A common stock dividends and related CC Unit distributions.
The company's SEC record also includes proxy materials for board elections, executive compensation, equity awards and shareholder voting matters. Form 8-K filings report governance changes, investor presentation materials, material agreements and completed acquisition activity, including historical and pro forma financial statements for the surface pressure control business acquired through a Cactus subsidiary.
Cactus Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 3,592,353 shares of Cactus Inc common stock (CUSIP 127203107), equal to 5.21% of the class. The filer reports sole voting power over 516,955 shares and sole dispositive power over 3,592,353 shares. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 04/29/2026.
Cactus Inc filing shows Vanguard Portfolio Management reports beneficial ownership of 4,223,000 shares of Common Stock, representing 6.12% of the class. The filing states Vanguard has sole dispositive power over 4,223,000 shares and sole voting power over 59,607 shares as reported.
Cactus, Inc. is asking shareholders to vote at its virtual 2026 annual meeting on May 12, 2026 at 9:00 a.m. Central Time. Holders of Class A and Class B common stock as of March 18, 2026, voting together as a single class, may participate online via a 16-digit control number.
Shareholders will elect three Class II and two Class III directors for one-year terms as part of the Board’s ongoing declassification, including new independent nominee Tana Utley. They will also vote on ratifying PricewaterhouseCoopers LLP as independent auditor for 2026 and on an advisory resolution approving named executive officer compensation.
The proxy describes a pay-for-performance philosophy with significant at-risk compensation. For 2025, annual bonuses for executives were tied mainly to Adjusted EBITDA, operating capital employed divided by revenue, and total recordable incident rate, while long‑term incentives combined performance stock units based on return on capital employed with time-based restricted stock units.
Cactus, Inc. reported that director Bruce Rothstein informed the company on March 24, 2026 that he will not stand for re-election at the 2026 Annual Meeting of Stockholders. His decision is expressly stated as not stemming from any disagreement over operations, policies or practices.
The Board of Directors decided to reduce its size to eight directors, effective immediately before the 2026 Annual Meeting. This reflects a planned board transition rather than an abrupt departure or governance dispute.
The Vanguard Group filed Amendment No. 9 to a Schedule 13G/A reporting zero beneficial ownership of Cactus Inc common stock. The filing states 0 shares and 0% ownership and explains an internal realignment on January 12, 2026 that led certain Vanguard subsidiaries to report holdings separately.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
Cactus, Inc. filed an amended current report to add detailed financial information for its acquisition of 65% of Baker Hughes Pressure Control LLC, the Surface Pressure Control business. The amendment supplies audited 2024 special purpose statements and unaudited nine‑month 2025 data, showing SPC revenue of $503 million in 2024 and $469 million for the nine months ended September 30, 2025.
The filing also presents unaudited pro forma condensed combined financials prepared under ASC 805. Cactus records preliminary purchase consideration of $382.0 million, including $371.0 million cash and deferred payment, recognizes $190.2 million of identifiable intangibles, $95.3 million of goodwill, a $28.2 million inventory step‑up and a $150.0 million mezzanine non‑controlling interest for Baker Hughes’ 35% stake.
Cactus, Inc. furnishes an investor presentation outlining its expanded portfolio, recent acquisitions and near-term outlook. For 2025, the company reports revenue of $1.08 billion and Adjusted EBITDA of $353 million, a 32.7% margin. A new Cactus International joint venture, acquired January 1, 2026, contributed 2024 revenue of $498 million and Adjusted EBITDA of $87 million at a 17.4% margin on a 100% basis, lifting combined 2024 revenue to $1.63 billion.
The presentation highlights a greater mix of international sales, strong free cash flow and low capital intensity. At December 31, 2025, Cactus held about $495 million in cash, including $371 million of restricted cash, and reported net cash of roughly $477 million. Full-year 2026 net capital expenditures are guided to $40–$50 million.
For first quarter 2026, Pressure Control revenue is guided to $295–$305 million with an expected Adjusted EBITDA margin of 23–25%, while Spoolable Technologies revenue is expected to be flat versus fourth quarter 2025 with a 34–36% Adjusted EBITDA margin. Corporate and other are expected to post an Adjusted EBITDA loss of about $5 million. The company also emphasizes an 8% quarterly dividend increase in 2025, an ongoing share repurchase program and management ownership of about 13% of total shares.
Cactus, Inc. Chief Operating Officer Steven Bender reported routine equity compensation activity involving restricted stock units and common shares. On March 10, 2026, he received a grant of 14,290 restricted stock units that vest in three equal annual installments beginning on the first anniversary of the grant date.
Across March 10–11, 2026, 13,581 previously granted restricted stock units vested and were exercised into Class A common stock at a conversion price of $0.00 per share. To satisfy tax withholding obligations upon these vestings, the company withheld 5,346 shares of Class A common stock at prices of about $48.56–$48.60 per share instead of any open‑market sale.
Following these transactions, Bender directly holds 99,241 shares of Class A common stock and 121,894 restricted stock units, each RSU representing a contingent right to receive one share of Class A common stock upon vesting.
Cactus, Inc. director Alan Semple reported routine equity compensation activity. On March 10, 2026, he was granted 2,559 restricted stock units (RSUs), which vest on the first anniversary of the grant. On the same date, 2,524 RSUs granted on March 10, 2025 vested and were converted into an equal number of Class A common shares at no cash cost. Following these transactions, he directly holds 39,650 shares of Class A common stock and 5,083 RSUs representing future share delivery, assuming vesting conditions are met.
Cactus, Inc. EVP and CFO Jay A. Nutt received a grant of 14,290 restricted stock units on March 10, 2026, vesting in three equal annual installments. He also exercised 2,685 previously granted RSUs into Class A common stock, with 869 shares withheld at $48.60 per share to cover tax obligations. Following these routine compensation-related transactions, he directly holds 4,042 shares of Class A common stock and 45,209 RSUs representing a contingent right to receive the same number of shares upon future vesting.