CARBO Ceramics Inc. (NYSE:CRR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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CARBO Ceramics Inc. (NYSE:CRR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

CARBO Ceramics Inc. (NYSE:CRR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 13, 2019, Justin H. Wilks notified the Chairman of the Board of Directors (the “Board”) of CARBO Ceramics Inc. (the “Company”) of his decision to resign, effective immediately, from his position as a member of the Board.  Mr. Wilks’ decision did not result from any disagreements with management or the Board.

As a result thereof, the Board will reduce its size from 7 directors down to 6 directors.

Notwithstanding the foregoing, the Wilks Brothers, LLC (the “Wilks”) will retain all of their rights under the Stockholder Agreement, dated March 2, 2017, as amended, between the Wilks and the Company, including the right to designate a Director of their choice in the future.

About CARBO Ceramics Inc. (NYSE:CRR)

Carbo Ceramics Inc. is an oilfield services technology company. The Company supplies ceramic proppant. The Company also sells sand and resin-coated proppants. Additionally, it provides fracture simulation software, fracture design and consulting services, and a range of technologies for spill prevention, containment and related countermeasures. Its products and services are used in the hydraulic fracturing of natural gas and oil wells. It manufactures various ceramic proppants, including KRYPTOSPHERETM HD, which is a ceramic proppant engineered to deliver conductivity and durability in closure stress wells; KRYPTOSPHERE LD, which is a lower density proppant compared to KRYPTOSPHERE HD; CARBOHSP and CARBOPROP, which are high and intermediate density ceramic proppants, and CARBOLITE, CARBOECONOPROP and CARBOHYDROPROP, which are low-density ceramic proppants. It offers CARBO NORTHERN WHITE, which is a frac sand; CARBONRT, a detectable proppant, and SCALEGUARD, a porous ceramic proppant.