Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend and New Appointment to Board of Directors
March 13 2019 - 5:27PM
Business Wire
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris”
or the “Company”) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.10 per share of Class A
common stock, to be paid on March 29, 2019 to holders of record as
of March 22, 2019. A distribution of $0.10 per unit has also been
approved for holders of units in Solaris Oilfield Infrastructure,
LLC, which is subject to the same payment and record dates.
Solaris also announced today that Ms. Cynthia Durrett has been
appointed to the Company’s Board of Directors (the “Board”),
effective March 12, 2019. Ms. Durrett currently serves as the
Company’s Chief Administrative Officer. With the addition of Ms.
Durrett, the Board is now composed of eight members, including six
independent directors.
“We are pleased to welcome Cindy to our Board and look forward
to the perspective she will bring from having over 30 years of
experience developing and leading oilfield services and midstream
businesses,” said Bill Zartler, Chairman of the Board and CEO. “Her
proven leadership and diverse background will serve Solaris well in
continuing the growth of its current product lines and its mission
to be a leader in the development of innovative equipment and
processes that drive value for our customers and shareholders.”
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) manufactures
and rents mobile equipment that drives supply chain and execution
efficiencies in the completion of oil and natural gas wells.
Solaris’ patented mobile proppant and chemical systems are deployed
in many of the most active oil and natural gas basins in the United
States, including the Permian Basin, the Eagle Ford Shale, the
STACK/SCOOP formation, the Marcellus and Utica Shales, the
Haynesville Shale, the Rockies and the Bakken Shale. Solaris’
high-capacity transload facility in Kingfisher, Oklahoma serves
customers with operations in the STACK/SCOOP formation. Additional
information is available on our website,
www.solarisoilfield.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190313005876/en/
Yvonne FletcherSenior Vice President, Finance and Investor
Relations(281) 501-3070IR@solarisoilfield.com
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