Joey D. Hall
About Joey D. Hall
Jerome “Joey” D. Hall (age 59) is an experienced upstream operations executive who joined Nine Energy Service’s Board effective August 2, 2025. He is Chief Operating Officer of Crescent Energy Company (NYSE: CRGY) and formerly Executive Vice President, Operations at Pioneer Natural Resources; Hall holds a B.S. in Mechanical Engineering from Texas Tech University and is a registered professional engineer in Texas .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Crescent Energy Company (CRGY) | Chief Operating Officer | Appointed May 19, 2025; effective June 2, 2025 | Principal operating officer overseeing development and operations |
| Pioneer Natural Resources (PXD) | EVP, Operations; Executive Committee member | Apr 2019–May 2024 | Led operational strategy across Permian and Eagle Ford |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Dallas Area Habitat for Humanity | Director | Not disclosed | Non‑profit board role |
Board Governance
- Appointment and Committees: Hall was appointed to Nine’s Board to fill the vacancy created by Mark E. Baldwin’s planned resignation, effective August 2, 2025; he was designated as a member of both the Audit Committee and the Nominating, Governance & Compensation (NGC) Committee .
- Independence: Nine’s Audit and NGC Committees are required to be comprised solely of independent directors under NYSE and SEC rules; Hall’s appointment to these committees indicates the Board’s independence determination consistent with policy .
- Attendance: 2024 attendance disclosures precede Hall’s tenure; all then‑incumbent directors attended at least 75% of Board/committee meetings in 2024 .
- Chair changes context: After Richard Burnett’s November 2025 resignation, Scott E. Schwinger was appointed Audit Committee Chair (Hall remains a committee member) .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Quarterly director cash retainer | $18,750 | Standard non‑employee director retainer |
| Committee member retainer (Audit) | $1,875 per quarter | For non‑chair service; same for NGC Committee |
| Committee chair retainers | $5,000 (Audit); $3,750 (NGC) per quarter | Chair amounts (context for committee structure) |
| 2025 annual equity award | $150,000 grant date value | Granted to non‑employee directors on May 2, 2025; Hall expected to receive a similar prorated award upon joining |
Performance Compensation
- Nine does not use performance‑conditioned equity for directors; director equity grants are time‑based restricted stock under the Stock Plan, with one‑year vesting customarily applied to annual director awards .
- Stock Plan features include no automatic grants, prohibition on option repricing without shareholder approval, dividends deferred until vesting, and clawback applicability to awards .
Other Directorships & Interlocks
- Executive role at Crescent Energy (public E&P) while serving on Nine’s Board (oilfield services) presents a potential information/interlock consideration; Nine disclosed no related‑party transactions involving Hall at appointment per Item 404(a) .
- No public‑company directorships (outside Nine) are disclosed for Hall; non‑profit board service noted above .
Expertise & Qualifications
- Operations leadership across large U.S. unconventional basins (Permian, Eagle Ford) and executive decision‑making experience (Pioneer Executive Committee) .
- Mechanical engineering degree and Texas PE credential enhance Audit Committee and risk oversight literacy in technical operations contexts .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership | Not disclosed for Hall in Nine’s March 3, 2025 proxy (pre‑appointment) |
| Stock ownership guidelines (directors) | Must hold the lesser of 3x annual cash retainer or 9,000 shares; 5 years to comply; counts vested/unvested RS/RSUs; transfer restrictions until compliant |
| Initial equity alignment | Expected prorated restricted stock award upon joining (time‑based vesting) |
| Hedging/pledging | Insider trading policy in place; no pledging/hedging specifics disclosed; Stock Plan subjects awards to clawback |
Governance Assessment
- Strengths
- Deep upstream operational expertise strengthens Board oversight of customer dynamics and safety/operational risk; complements Nine’s services strategy .
- Committee service on Audit and NGC aligns with independence standards and governance best practice; Stock Plan and clawback policies apply to equity .
- Director compensation is modest, cash‑plus‑equity with a 2025 increase in annual equity ($150k) aiding alignment; dividends deferred until vesting .
- Potential Risks/Conflicts
- Concurrent COO role at Crescent Energy (potential customer) creates related‑party sensitivity; Nine disclosed no Item 404 transactions at appointment; ongoing monitoring advised .
- Beneficial ownership and any share pledging by Hall are not yet disclosed; monitor Form 4 filings after appointment for insider ownership and transactions .
- Signals for investors
- Board refresh and smaller Board size in 2025, plus appointment of operations executives, suggest emphasis on operational execution and risk oversight; committee leadership changes in late‑2025 reflect continued rebalancing .
Notes:
- Director compensation figures and committee roles are drawn from Nine’s 8‑K and DEF 14A disclosures; Hall’s external career information is from Crescent Energy’s SEC filing.
- No attendance figures for Hall have been disclosed yet (joined Aug 2025).
- No related‑party transactions involving Hall were disclosed at appointment.
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