2016 Proxy Information Available Here

2016 INTERACTIVE ANNUAL REPORT

Corporate Profile

InfraREIT, Inc. is an umbrella partnership real estate investment trust (REIT) that owns rate regulated electricity delivery infrastructure assets in Texas. With our focus on the state of Texas and the southwest U.S., InfraREIT offers a unique opportunity to invest in a dividend-focused business.

SEC Filings

Date Filing Type Filing Description Download / View
12/09/15 4 Statement of Changes in Beneficial Ownership
12/08/15 4 Statement of Changes in Beneficial Ownership
12/08/15 S-8 Securities Registration: Employee Benefit Plan
12/07/15 4 Statement of Changes in Beneficial Ownership

Stock Quote

Stock Quote: NYSE

Price 17.67

Change +0.28

Volume 169,837

% Change +1.61%

Intraday High 17.75

52 Week High 19.51

Intraday Low 17.33

52 Week Low 14.59

Today's Open 17.48

Previous Close 17.39

March 24, 2017 04:02 PM Pricing delayed 20 minutes

Management Team

David Campbell , , , Chief Executive Officer of InfraREIT

David Campbell is president of Hunt Utility Services; president and chief executive officer of InfraREIT; and president and chief executive officer of Sharyland. Prior to joining InfraREIT in 2014, Campbell was president and chief operating officer of Bluescape Resources, an independent resource and investment company based in Dallas, Texas. Before that, he served as chief executive officer of Luminant, a competitive power generation subsidiary of EFH (previously TXU). Campbell originally joined TXU Corp. in 2004 as executive vice president of corporate planning, strategy and risk and became chief financial officer of TXU Corp. in early 2006. Before TXU, he was a principal in the Dallas office of McKinsey & Company, where he led the Texas and Southern Region hubs of McKinsey’s corporate finance and strategy practice. From 2010 to 2012, Campbell served as a board member for the National Nuclear Accrediting Board and the Electric Power Research Institute. Campbell earned a Bachelor of Arts from Yale University and a Juris Doctorate from Harvard Law School. Also, he graduated with a Master’s degree from Oxford University, where he studied as a Rhodes Scholar.

Stacey H. Doré , , , Senior Vice President & General Counsel of InfraREIT

Stacey Doré is senior vice president and general counsel of Hunt Utility Services and InfraREIT. Prior to joining InfraREIT, Doré spent eight years as in-house counsel at Energy Future Holdings Corp. (EFH), including serving as executive vice president and general counsel of EFH for the last four years. Doré was a trial lawyer with Vinson & Elkins LLP for 11 years before joining EFH. Doré received her juris doctorate from Harvard Law School in 1997. She graduated summa cum laude in 1993 from the University of Southwestern Louisiana, where she earned a B.A. in Journalism.

Brant Meleski , , , Chief Financial Officer of InfraREIT

Brant Meleski is Senior Vice President and Chief Financial Officer of InfraREIT, Inc. and Hunt Utility Services, L.L.C. In this capacity, Mr. Meleski leads and directs InfraREIT’s finance teams which include: financial planning and analysis, accounting, treasury, investor relations and information technology.

Meleski joined InfraREIT and Hunt Utility Services during 2014, after previously serving as Managing Director in Bank of America Merrill Lynch’s Global Energy & Power Investment Banking Group. During Meleski’s 17-year tenure, he was responsible for leading capital markets underwriting and merger & advisory assignments for U.S. utility clients.

Mr. Meleski earned an M.B.A. from the Goizueta Business School at Emory University and a B.S. in Finance from Clemson University.

Lance Phillips , , , Vice President, Principal Accounting Officer and Controller of InfraREIT

Lance Phillips is vice president, principal accounting officer and controller of Hunt Utility Services and InfraREIT. Since joining Hunt in 2010, Phillips has served as vice president and controller of various Hunt affiliates, focusing primarily on the electric transmission and distribution business. Prior to joining Hunt, Phillips served as controller of two other companies, both public and private. He began his career at Arthur Andersen, LLP in Dallas as a member of the audit and advisory services group. Philips graduated from Texas A&M University, magna cum laude, earning a Bachelor of Business Administration degree in Accounting. He is a Certified Public Accountant in the state of Texas.

Greg Imhoff , , , VP, General Tax Counsel & Corporate Secretary of InfraREIT

Greg Imhoff is vice president, general tax counsel and corporate secretary for Hunt Utility Services and InfraREIT, and is responsible for the company’s legal, tax and REIT compliance functions. Imhoff joined Hunt Power in 2010 as tax counsel. Prior to joining Hunt Power, Imhoff was the vice president and tax counsel for Behringer Harvard – a private equity firm specializing in the formation and operation of REITs. Before then Imhoff was the chief administrative officer and tax counsel for Brandywine Realty Trust and prior to Brandywine was the chief administrative officer and general counsel of Prentiss Properties Trust and guided its merger with Brandywine. Imhoff received an LL.M in Tax Law from Southern Methodist University, a Law degree from the University of Notre Dame and a B.S. in Accounting from Marquette University.

Board of Directors

W. Kirk Baker , , , Chairman of the Board of Directors

Kirk Baker is the Chairman of InfraREIT. He is the managing partner of Captra Capital LLC, an infrastructure investment firm. Baker served as president and chief executive officer of Hunt Utility Services and InfraREIT until August 2014. He also served as a member of the board of directors of Hunt from April 2006 until August 2013. Baker was Senior Vice President and General Counsel of Hunt from February 2007 until January 2011 and was an executive and Tax Counsel from 1998 until 2007. During his time at Hunt, Baker had various positions, including manager of Hunt Transmission Services and Senior Vice President of Sharyland, and was involved in structuring many transactions for the subsidiaries and affiliates of Hunt in the oil and gas, real estate, power and private equity markets. Baker was part of the team that originated the idea to own regulated infrastructure assets through a REIT structure and led the effort for Hunt to obtain the private letter ruling confirming that electricity delivery systems constitute real property for purposes of the REIT rules of the IRS. Baker also led the effort to raise capital commitments resulting in the formation of InfraREIT. Prior to joining Hunt, Baker was with the law firms of Oppenheimer, Blend, Harrison & Tate in San Antonio, Texas and O’Melveny & Myers in New York, New York. Baker earned a Bachelor degree in accounting from Baylor University and a Juris Doctorate with high honors from the University of Texas School of Law.

David Campbell , , , Chief Executive Officer and director

David Campbell is president of Hunt Utility Services; president and chief executive officer of InfraREIT; and president and chief executive officer of Sharyland. Prior to joining InfraREIT in 2014, Campbell was president and chief operating officer of Bluescape Resources, an independent resource and investment company based in Dallas, Texas. Before that, he served as chief executive officer of Luminant, a competitive power generation subsidiary of EFH (previously TXU). Campbell originally joined TXU Corp. in 2004 as executive vice president of corporate planning, strategy and risk and became chief financial officer of TXU Corp. in early 2006. Before TXU, he was a principal in the Dallas office of McKinsey & Company, where he led the Texas and Southern Region hubs of McKinsey’s corporate finance and strategy practice. From 2010 to 2012, Campbell served as a board member for the National Nuclear Accrediting Board and the Electric Power Research Institute. Campbell earned a Bachelor of Arts from Yale University and a Juris Doctorate from Harvard Law School. Also, he graduated with a Master’s degree from Oxford University, where he studied as a Rhodes Scholar.

John Gates , , , Independent Director

John Gates is the Chief Executive Officer of Markets for Jones Lang LaSalle Americas, a financial and professional services firm that specializes in commercial real estate services and investment management. He oversees the Brokerage, Capital Markets, Project & Development Services, Property Management and Retail businesses and serves on the Americas Executive Committee setting overall strategy for the firm. Between January 2010 and January 2014. Gates was President of Real Estate Service, Americas at Jones Lang LaSalle. Gates began his career at The Staubach Company in 1990, where he held several leadership positions, including President and Chief Operating Officer and later as President of Americas Brokerage and Director of Markets West until The Staubach Company merged with Jones Lang LaSalle in 2008. Gates earned a Bachelor of Science degree in Economics/Finance from Trinity University and his Masters of Business Administration in Finance from the University of Texas (Austin).

Storrow M. Gordon , , , Independent Director

Storrow Gordon was Executive Vice President, General Counsel and Corporate Secretary of Electronic Data Systems Corporation (EDS) until 2008. She joined EDS in 1991 and during her 17-year tenure at EDS, in which she served in various management positions with the company, she was a key leader in EDS’s spin-off from General Motors Corporation in 1996 and the establishment of its independent board and governance systems. Before EDS, Gordon was a partner at the law firm of Johnson & Gibbs, where her practice focused on mergers and acquisitions. She was selected as a Texas Monthly Super Lawyer for 2004 and 2005. Gordon earned a Bachelor of Arts from The University of Texas (Austin) and a Juris Doctorate from Southern Methodist University where she served as an editor of the law review.

Trudy A. Harper , , , Independent Director

Trudy Harper is an adjunct faculty member for the Electrical and Computer Engineering Department at Tennessee Technological University (TTU. Harper was the President of Tenaska Power Services Co., the power marketing affiliate of Tenaska Energy, Inc. (Tenaska), until 2012. Harper retired from the Tenaska Board of Stakeholders in December 2015, although she remains a shareholder of Tenaska. Prior to leading Tenaska Power Services, Harper was general manager of business development for Tenaska’s independent power plant development efforts. She was the 2010 recipient of the Gulf Coast Power Association’s Pat Wood Power Star Award for her contributions to the deregulation of the Texas power market. Before joining Tenaska in 1992, Harper held various transmission and generation planning and state and federal regulatory affairs positions with Texas Utilities Electric Co. (TXU) in Dallas. In her various roles at TXU she was responsible for licensing new generation and transmission facilities and developing their policies on transmission access and pricing. Harper earned a Bachelor of Science degree and a Master of Science degree, both in electrical engineering from TTU, and a Master of Business Administration from Southern Methodist University.

Hunter L. Hunt , , , Director

Hunter Hunt is the CEO of Hunt Consolidated Energy, LLC, and Co-CEO of its holding company, Hunt Consolidated, Inc. the holding company for Hunt Oil, Hunt Power and the other energy activities of the Ray L. Hunt family of Dallas, Texas, and has held various positions within the Hunt organization since 1998. The Hunt family of companies is one of the largest privately-owned energy companies in the world, engaging in exploration and production as well as LNG. Hunt is also engaged in refining and development of energy technologies and renewable energy projects. Hunter Hunt is also the Chairman and Chief Executive Officer for Sharyland Utilities, L.P. Prior to joining Hunt Consolidated, Hunter Hunt began his career with the investment bank Morgan Stanley, both in corporate finance and commodity trading. He graduated from Southern Methodist University summa cum laude, earning Bachelor of Science degrees with honors in both economics and political science.

Harold R. Logan, Jr. , , , Independent Director

Hal Logan is the Lead Director of InfraREIT. Logan has served as a member of the Board of Supervisors of Suburban Propane Partners, L.P., a New York Stock Exchange listed company, since 1996 and as its Chairman since 2007,. Logan has been a director of Graphic Packaging Corporation, a New York Stock Exchange listed company, since 2001, where he currently serves as a member of the Audit Committee. Logan is also the Lead Director of Cimarex Energy Co., a New York Stock Exchange listed company. Logan was a Co-Founder of TransMontaigne Inc. in 1995 and served as Chief Financial Officer, Executive Vice President and Treasurer and as a director. In 2002, he retired from his position as an officer of TransMontaigne Inc. but remained a director until the company was sold to Morgan Stanley in 2006. From 1987 to 1995, he was Senior Vice President/Finance, Chief Financial Officer and a director of Associated Natural Gas Corporation. Prior to that, he was an investment banker with Dillon Read & Co. Inc. and Rothschild, Inc. Logan earned a B.S. in Economics from Oklahoma State University and an MBA in Finance from Columbia University Graduate School of Business.

Dr. Harvey Rosenblum , , , Independent Director

Dr. Harvey Rosenblum is a professor of financial economics in the Cox School of Business at Southern Methodist University (SMU). In addition, he was Executive Vice President and Director of Research at the Federal Reserve Bank of Dallas between 2005 and 2013, when he retired. Rosenblum began his professional career in 1970 as an economist with the Federal Reserve Bank of Chicago, ultimately serving as Vice President and Associate Director of Research. He serves on the Board of Directors of the Dallas Committee on Foreign Relations. Rosenblum frequently speaks on a broad range of economic topics. He previously served on several other Boards of Directors, including the National Bureau of Economic Research, Secretary-Treasurer and Board member of the Western Economics Association International, and as Executive Director and Board member of the International Banking, Economics and Finance Association. He is a past President of the National Association for Business Economics. Rosenblum earned a Bachelor of Arts in economics from the University of Connecticut and a Ph.D. in economics from the University of California, Santa Barbara.

Ellen C. Wolf , , , Independent Director

Ellen Wolf served as Senior Vice President and Chief Financial Officer of American Water Works Company, Inc., the largest investor-owned U.S. water and wastewater company, from 2006 until her retirement in May 2013. Previously, she served as Senior Vice President and Chief Financial Officer of USEC, Inc. from 2003 until 2006 and as Vice President and Chief Financial Officer of American Water Works from 1999 to 2003. Since 2008, Wolf has served as a director of Airgas, Inc., a New York Stock Exchange listed company, since 2013 she has served as a director of Premier, Inc., a NASDAQ listed company, and since 2015 she has served as director of the Connecticut Water Services, Inc., a NASDAQ listed Company. Wolf earned a Bachelor of Arts degree from Duke University and a Master of Business Administration from the University of Pennsylvania

The information provided on these pages includes forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. We refer you to the discussion of risk factors that could affect future results and performance in our most recent prospectus and other SEC filings. InfraREIT, Inc. assumes no obligation to update any forward-looking statements made here as a result of new information or future events or developments.

InfraREIT, Inc. makes no claims concerning the accuracy of the information provided on these pages, and will not be held liable for any use of this information. Note: Historical and current stock price performance data is not necessarily indicative of future performance.