Timothy Roberts
About Timothy A. Roberts
Timothy Roberts is an independent director of Select Water Solutions (WTTR), appointed in January 2025; age 45 . He is CEO and Partner of Iron Horse Midstream, a private midstream company, with prior roles across Cardinal Midstream, American Capital’s Energy Group, Wachovia EIB, and KPMG; he holds an MPA from UT Austin (summa cum laude) and a BA from Notre Dame (magna cum laude) . WTTR’s Board has determined Roberts is independent under NYSE standards, and he is designated an Audit Committee Financial Expert .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Iron Horse Midstream, LLC (prev. Cardinal Midstream III) | Chief Executive Officer & Partner | May 2017–Present | CEO leadership across gathering/processing operations |
| Cardinal Midstream II, LLC | Chief Financial Officer & Partner | Pre–2017 (dates not specified) | Finance leadership in private midstream |
| Cardinal Midstream, LLC | Vice President — Finance | Apr 2009–Apr 2013 | Corporate finance execution |
| American Capital Ltd. — Energy Group | Associate → Vice President | Jul 2006–Apr 2009 | PE investing in energy |
| Wachovia — Energy Investment Banking Group | Senior Analyst | Sep 2003–Jul 2006 | Energy IB analysis/execution |
| KPMG LLP — Assurance & Advisory | Audit Associate | Sep 2002–Aug 2003 | Foundational audit training |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Iron Horse Midstream, LLC | CEO & Partner | Private | Midstream (gathering, processing, compression, treating, transmission) |
| Other public company boards | — | — | None disclosed |
Board Governance
- Independence: Independent director under NYSE rules .
- Committees: Audit Committee (Audit Committee Financial Expert) and Compensation Committee member .
- Chair roles: None disclosed (Audit Chair is Burnett; NG&S Chair is Wall; Comp Chair is Burleson) .
- Lead Independent Director: Burnett (not Roberts); leads executive sessions and independent agenda .
- Attendance: In 2024, Board met 7x; Audit 4x; Compensation 4x; NG&S 3x; all directors met at least 75% attendance and attended the 2024 annual meeting (Roberts joined Jan 2025) .
Fixed Compensation
WTTR’s non-employee director program (structure; Roberts appointed 2025):
- Annual cash retainer: $70,000 .
- Chair supplemental retainers: Audit $20,000; Compensation $15,000; NG&S $10,000 .
- Lead Director supplemental: $20,000 .
- Chairman of the Board supplemental: $100,000 (CEO does not receive director pay) .
- Equity: Annual restricted shares with 1-year vest, grant-date value $150,000 (16,447 shares granted May 7, 2024 to then-serving non-employee directors); Roberts was appointed in January 2025 and is not in the 2024 grant table .
Performance Compensation
- Directors receive time-based restricted shares; no director performance awards (e.g., PSUs/TSR-linked) or meeting fees disclosed for directors .
Other Directorships & Interlocks
| Entity | Type | Interlock/Notes |
|---|---|---|
| Public company boards | None | No external public directorships disclosed for Roberts |
| Compensation Committee interlocks | Committee consists of Burleson, Fernandez-Moreno, Roberts, Wall; disclosure notes management’s Schmitz on private boards (e.g., Silver Creek) but no Roberts-related interlocks disclosed |
Expertise & Qualifications
- Midstream operations/finance leadership; energy industry; corporate development .
- Audit/financial literacy; designated Audit Committee Financial Expert .
- Education: MPA (UT Austin), BA (Notre Dame); honors distinctions .
Equity Ownership
| Holder | Class A Shares | Class B Shares | Ownership Notes |
|---|---|---|---|
| Timothy A. Roberts | — | — | No beneficial ownership listed as of March 6, 2025 record date |
| Stock Ownership Guidelines | Directors: 5x annual base retainer; counted shares include time-vesting restricted shares; unearned performance awards excluded; compliance expected within 5 years; “All executive officers and Non-Employee Directors have satisfied or are on track” |
Anti-hedging and pledging: Hedging is prohibited; pledging requires Audit Committee pre-approval; margin purchases prohibited .
Governance Assessment
- Board effectiveness: Roberts adds operating and finance depth in energy midstream; dual committee service plus “financial expert” status strengthens audit oversight, including financial reporting and cybersecurity risk oversight .
- Independence & alignment: Independent status and director equity retainer promote alignment; Roberts currently shows no beneficial holdings yet, but guidelines mandate 5x retainer within five years (on track per company) .
- Potential conflicts: No related-party transactions disclosed involving Roberts; his current role at a private midstream firm presents potential industry adjacency but no WTTR dealings disclosed; Audit Committee reviews any related-person transactions per policy .
- Shareholder signals: Compensation governance uses independent consultants (Meridian; replaced Pearl Meyer in 2024); 2024 say-on-pay support ~98%, indicating investor confidence in pay practices .
RED FLAGS
- None disclosed specific to Roberts: no related-party transactions involving Roberts, no pledging/hedging, no other public board interlocks that could create conflicts .
- Broader governance context: Multiple related-party transactions exist with CEO Schmitz-linked entities (e.g., Axis, Bell, Merit, MyWorkDoc, Sunray), underscoring importance of independent audit oversight; Roberts’ audit “financial expert” role is a positive mitigant .
Notes on Data Coverage
- Roberts joined the Board in January 2025; 2024 director compensation table excludes him (structure provided; individual amounts for 2024 apply to then-serving directors) .
- Ownership snapshot is as of March 6, 2025 record date; director holdings can change thereafter .