Corbin J. Robertson, Jr
KLX Energy Services HoldingsAbout Corbin J. Robertson, Jr.
Corbin J. Robertson, Jr. is an independent Non‑Executive Chairman of KLX Energy Services, appointed in November 2024 and a director since the July 2020 QES merger; he is age 77 and holds a B.B.A. from the University of Texas at Austin’s Business Honors Program . He brings decades of energy investment and board leadership experience, including chair roles across natural resources partnerships and industry councils; he was inducted into the Texas Business Hall of Fame in 2006 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Quintana Energy Services (QES) | Chairman of the Board | 2017–July 2020 | Led governance through formation to merger with KLXE |
| General partner boards (Western Pocahontas Properties LP) | CEO/Chairman | Since 1986 | Long-term stewardship of natural resource assets |
| General partner boards (Great Northern Properties LP) | CEO/Chairman | Since 1992 | Oversight of coal/mineral properties |
| Quintana Minerals Corporation | Chairman | Since 1978 | Energy/minerals investment leadership |
| New Gauley Coal Corporation | Chairman | Since 1986 | Coal sector governance |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| GP Natural Resource Partners LLC | CEO & Chairman | Since 2002 | General partner leadership for NRP |
| Quintana Capital Group, L.P. | Principal | — | Energy private equity principal |
| American Petroleum Institute | Board member | — | Industry policy and standards engagement |
| National Petroleum Council | Board member | — | Energy advisory body participation |
| Baylor College of Medicine | Board member | — | Non-profit governance |
| Cullen Trust for Higher Education | Chairman of the Board | — | Philanthropic oversight |
| World Health and Golf Association | Board member | — | External association governance |
Board Governance
- Board leadership: Independent Non‑Executive Chairman since November 2024; Board maintains separation of Chair and CEO roles and majority independence (6 of 7 directors) .
- Committee assignment (Robertson): Member, Nominating & Corporate Governance Committee; not a chair of any committee .
- Independence: The Board affirmatively determined Robertson is independent under SEC and Nasdaq rules .
- Attendance and engagement: Board met 14 times in 2024 with 4 executive sessions; all directors attended at least 75% of Board and applicable committee meetings . Committees met: Audit (4), Compensation (6), Nominating & Corporate Governance (5) .
- Executive sessions: Independent directors meet privately; committee executive sessions occur at each regularly scheduled meeting (≥4x/year for Audit and Compensation) .
Fixed Compensation
| Year | Cash Retainer (Chair vs Director Policy) | Committee Chair Fees Policy | Robertson Cash Fees | Notes |
|---|---|---|---|---|
| 2024 | $170,000 for non‑exec Chairman; $120,000 for other non‑employee directors (paid quarterly) | $10,000 per committee chair (Audit, Compensation, N&CG) | $130,000 | Robertson appointed Chair Nov 13, 2024; prior Chair (Dag Skindlo) received $170,000 cash fees; Robertson total reflects partial‑year chair service |
Performance Compensation
| Grant Year | Grant Date | Type | Shares | Grant‑Date Fair Value | Vesting | Source |
|---|---|---|---|---|---|---|
| 2024 | Feb 1, 2024 | Restricted Stock | 5,658 | $55,222 | Vests in full at 1‑year anniversary (Feb 1, 2025), subject to continued service | |
| 2025 | Feb 1, 2025 | Equity Award (Form 4) | 5,658 | $0 (grant reporting; Form 4) | Noted as award grant; post‑transaction ownership updated |
KLXE indicates it does not grant stock options to directors; awards are time‑based RS/RSU rather than performance‑based equity for directors in the periods disclosed .
Other Directorships & Interlocks
| Company/Entity | Relation to KLXE | Potential Interlock / Conflict Note |
|---|---|---|
| GP Natural Resource Partners LLC | External leadership | Energy sector adjacency; KLXE policy restricts director service on competitor boards and >1% ownership in competitors; directors must notify Chair/N&CG before joining other public boards . |
| QES (pre‑merger) | Former Chairman of QES; QES merged into KLXE (2020) | Prior affiliation; Board has determined independence post‑merger . |
| Industry associations (API, NPC) | External boards | Policy framework engagement; no related‑party transactions disclosed involving Robertson –. |
Expertise & Qualifications
- Oil and gas investment leadership across multiple partnerships and advisory bodies; extensive board service in energy industry .
- Education: B.B.A., University of Texas at Austin (Business Honors Program) .
- Recognition: Texas Business Hall of Fame inductee (2006) .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | As‑of Date | Notes |
|---|---|---|---|---|
| Corbin J. Robertson, Jr. | 43,525 | <1% | March 19, 2025 | Includes 5,658 restricted shares; restricted shares reported as director awards (until settled no dispositive power) . |
Insider Trades (last two years)
| Transaction Date | Filing Date | Type | Shares Transacted | Post‑Transaction Ownership | Link |
|---|---|---|---|---|---|
| 2025‑02‑01 | 2025‑02‑04 | Award (A) – Common Stock | 5,658 | 43,525 | |
| 2024‑02‑01 | 2024‑02‑02 | Award (A) – Common Stock | 5,658 | 37,867 |
Governance Assessment
- Strengths: Independent Chair structure, majority independent board and fully independent committees; regular executive sessions; director anti‑hedging and significant restrictions on pledging/margin; adoption of clawback compliant with SEC/Nasdaq; proposals to declassify the board and eliminate supermajority thresholds are shareholder‑friendly and enhance accountability – –.
- Alignment: Director compensation combines cash ($130k for Robertson in 2024) with time‑based equity ($55,222 fair value; 5,658 shares), reinforcing ownership and stability; Robertson beneficially owns 43,525 shares (<1%) .
- Engagement: All directors met the ≥75% attendance threshold; committees met regularly (Audit 4, Compensation 6, N&CG 5 in 2024) .
- Potential conflicts: Broad external leadership across energy partnerships creates adjacency risk; mitigated by KLXE’s independence determination, competitor board/ownership prohibitions, and related‑party review policies; no Robertson‑specific related‑party transactions are disclosed .
RED FLAGS: None disclosed related to hedging/pledging (policy prohibits), related‑party transactions, option repricing, or low attendance; say‑on‑pay outcomes not yet applicable to directors and not disclosed here .