Smart Sand, Inc. Reports Q2 2026 Results; CFO Transition Announced

What Happened

• Smart Sand, Inc. filed an 8-K on August 11, 2026 furnishing a press release with earnings information for the quarter ended June 30, 2026 (Exhibit 99.1). The filing notes the press release is furnished (not “filed”) under the Exchange Act.
• The company also announced a planned CFO transition: current CFO Lee Beckelman will cease serving as CFO effective January 1, 2027 and will remain employed as a full‑time advisor to the CFO through May 31, 2030. James Young was appointed to succeed Beckelman as CFO effective January 1, 2027.

Key Details

• Press release dated August 11, 2026 provides the company’s Q2 2026 results (details in Exhibit 99.1 of the 8‑K).
• Beckelman’s advisor employment agreement (signed August 10, 2026) pays $200,000 in 2027 and $150,000 annually thereafter (prorated for partial years); he is eligible for a discretionary bonus and participates in employee benefit plans.
• Beckelman will not receive new long‑term equity awards after Jan 1, 2027; outstanding restricted stock awards will continue to vest per original terms, with an amendment providing accelerated vesting for the portion that would have vested in the year of death, disability, or termination without cause. If terminated without cause during the agreement, he is entitled to 12 months’ continued base salary and benefits.
• James Young, 47, has been Executive VP, General Counsel and Secretary since June 2017, was previously a partner at Fox Rothschild LLP, holds a J.D. from Rutgers, and is the brother of CEO Charles E. Young and COO William J. Young. His compensation as CFO has not yet been finalized.

Why It Matters

• For investors, the filing combines two material items: the company’s quarterly results (review the attached press release for revenue, earnings, and operating metrics) and a planned senior finance leadership change. The CFO transition is structured to provide continuity (Beckelman remains as a paid advisor through 2030 and his equity largely continues to vest) while installing an internal successor. Note the familial relationship between the incoming CFO and the CEO/COO and that compensation terms for the new CFO are pending.