Cactus, Inc. Director Bruce Rothstein to Step Down – Board Size to Be Reduced

HOUSTON, TX, March 27, 2026 – Cactus, Inc. (NYSE: WHD), a leading provider of oil and gas field machinery and equipment, has announced a significant change to its Board of Directors. On March 24, 2026, Bruce Rothstein, a current director, notified the Company that he will not stand for re-election at the upcoming 2026 Annual Meeting of Stockholders.

Key Points for Investors

• Director Departure: Bruce Rothstein, a member of the Board, will not seek re-election at the 2026 Annual Meeting. This is a planned departure and is not the result of any disagreement with the Company regarding its operations, policies, or practices.
• Board Restructuring: In response to Mr. Rothstein’s decision, the Cactus, Inc. Board of Directors has resolved to reduce the Board’s size from nine to eight directors. This change will take effect immediately prior to the 2026 Annual Meeting of Stockholders.

Details and Potential Impact

• No Disagreements Reported: The Company specifically noted that Mr. Rothstein’s departure is not related to any disputes or concerns about the Company’s direction or governance. This should provide reassurance to shareholders regarding the stability and continuity of the Company’s strategic plans.
• Corporate Governance Implications: A reduction in board size may streamline decision-making processes and could be interpreted as a step toward increased efficiency. However, investors should monitor subsequent director nominations and board composition to assess any shifts in strategic direction or oversight capacity.
• Potential Shareholder Impact:
  • While the departure is not due to any negative circumstances, any change in board membership—especially one involving a long-standing director—can affect investor sentiment and may impact share price in the short term.
  • There is no indication of new nominations or strategic changes accompanying this announcement, but shareholders should review the proxy materials for the upcoming Annual Meeting for further governance updates.

Additional Company Information

• Trading Information: Cactus, Inc. trades on the New York Stock Exchange under the symbol WHD.
• Principal Executive Office: 920 Memorial City Way, Suite 300, Houston, Texas 77024. Telephone: (713) 626-8800.
• SEC File Number: 001-38390
• Incorporated in: Delaware (DE)

Summary for Shareholders

This announcement is a standard governance update. The Company stresses there are no disagreements or disputes related to the departure. While not immediately price-moving, board changes can influence investor perception and should be monitored for any future impact on corporate strategy or governance structure.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information is based on filings and disclosures as of March 27, 2026, and may be subject to further updates.

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