Nine Energy Service Appoints Heather Schmidt as Permanent CFO with Substantial Equity Incentive
Summary
Nine Energy Service appointed Heather Schmidt as its permanent CFO, providing stability post-bankruptcy, with a compensation package including a substantial equity grant.
Key Events · Executive and Board Changes · NINE
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Permanent CFO Appointment
Heather Schmidt, previously Interim CFO, is now permanently appointed Chief Financial Officer and principal financial officer, effective May 22, 2026.
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Compensation Package Details
Her employment agreement includes a base salary of $425,000 and a target annual bonus opportunity equal to 75% of base salary.
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Significant Equity Grant
Ms. Schmidt received an incremental long-term incentive award consisting of $300,000 in stock-settled restricted stock units (RSUs) vesting over three years, and a performance-based cash award with a target value of $300,000.
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Post-Bankruptcy Leadership Stability
This appointment fills a critical leadership role after the company's recent emergence from Chapter 11 bankruptcy and the resignation of the previous CFO, signaling increased stability.
Analysis · NINE · Energy & Transportation
Nine Energy Service has appointed Heather Schmidt as its permanent Chief Financial Officer, transitioning her from the interim role. This appointment provides critical leadership stability following the company's recent emergence from Chapter 11 bankruptcy and previous CFO resignation. Her compensation package includes a substantial equity award, which is a significant incentive for a company of this size.
At the time of this filing, NINE was trading at $0.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $25.4M. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.