Mammoth Energy prepares to annual stockholders meeting in June


Mammoth Energy Services will hold its annual stockholders meeting on June 12 in Oklahoma City.

The company’s filing of a proxy statement with the Securities Exchange Commission explained the meeting will be held at 14201 Caliber Drive Suite 300 starting at 9 a.m.

Stockholders are asked to elect six directors to the board, approve an advisory vote on executive compensation, agree to the company’s 2014 Equity Incentive Plan and ratify the appointment of Grant Thornton LLP as the firm’s independent auditors for the fiscal year ending 2024.

Nominees for election to the board include chairman Arthur Amron, a member of the company since 2019. Until December 31, 2023, Mr. Amron was a Partner and the General Counsel of Wexford.
A second nominee is Arty Straehla, who has been Mammoth’s Chief Executive officer since 2016. He previously spent 26 years
with the Goodyear Tire and Rubber Co. where his last position was the director of consumer tire manufacturing for the North American consumer tire operations. In this capacity, Mr. Straehla oversaw eight tire plants with 12,000 employees, a $2.5 billion operating budget, a $115.0 million capital expenditures budget and a production capacity of 100 million tires per year.
A third nominee is Dr. Corey Booker who has been a director since the summer of 2020. Dr. Booker is the founder, and since November 2012 has served as the Chief Executive Officer, of Bedside LLC (formerly OnPulse, LLC), a healthcare management services company designed to improve patient health through advocacy, care coordination, communication and increased patient health literacy.
Paul Jacobi is a fourth nominee and has been on the board since July of 2020. Since 1996, Jacobi has served in various positions at Wexford, and is currently a managing director responsible for Wexford’s private equity energy investments. From 1995 to 1996, he worked for Moody’s Investors Services as an analyst covering the investment banking and asset management industries.
Former Gulfport Energy CEO James Palm is the fifth nominee. He’s been a director since 2017 and previously owned Crescent Exploration company, a firm he founded in 1995. Palm was previously a long-term member of the Industry Advisory Committee of the Oklahoma Corporation Commission. From October 2001 through October 2003, he served as the
Chairman of the Oklahoma Energy Resources Board. From 1997 through 1999, Mr. Palm served as the President of the Oklahoma Energy Resources Board.
The last nominee is Arthur Smith who has been director of Mammoth since its initial publicoffering in October 2016. He founded Triple Double Advisors, LLC, an investment advisory firm focusing on the energy industry, in 2007 and is its President and Managing Member, a position he has held since August 2007.