Defendant Name:
ProPetro Holding Corp.
Defendant Type:
Public Company
SIC Code:
1382
CUSIP:
74347M10
Document Reference:
33-11008
Document Details
Legal Case Name
In the Matter of ProPetro Holding Corp. and Dale Redman
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange act of 1934, Making Findings and Imposing a Cease-and-Desist Order
Document Date
22-Nov-2021
Document Format
Administrative Proceeding
AAER
4268
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 22, 2021, the SEC instituted settled cease-and-desist proceedings against ProPetro Holding Corp. and Dale Redman stating: "These proceedings arise from: (a) ProPetro’s failure to disclose certain perquisites and stock pledges concerning its co-founder and former CEO Dale Redman in its definitive proxy statements and annual reports for the fiscal years ended December 31, 2017 and 2018; and (b) Redman’s role in ProPetro’s failure to disclose the perquisites paid to him and his pledges of ProPetro stock while he was CEO and a member of ProPetro’s Board of Directors."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Other Defendants in Action:
