HNR Acquisition Corp. Reports Board/Officer Changes, Other Events

TL;DR

**HNR Acquisition Corp. filed an 8-K on Jan 29, hinting at leadership changes or other big news.**

AI Summary

HNR Acquisition Corp. filed an 8-K on February 1, 2024, reporting an event that occurred on January 29, 2024. This filing, under Items 5.02 and 8.01, indicates a change in directors or officers and other events, though specific details are not provided in the excerpt. For investors, this matters because changes in leadership or significant 'other events' can signal shifts in company strategy, financial health, or operational direction, potentially impacting future stock performance.

Why It Matters

Changes in company leadership or significant undisclosed 'other events' can impact investor confidence and the company's strategic direction, potentially affecting its stock value.

Risk Assessment

Risk Level: medium — The filing indicates changes in leadership or other significant events without providing specifics, creating uncertainty for investors.

Analyst Insight

A smart investor would monitor HNR Acquisition Corp.'s subsequent filings and press releases for specific details regarding the reported changes in directors/officers and 'other events' to understand their potential impact on the company's future.

Key Players & Entities

• HNR Acquisition Corp. (company) — the registrant filing the 8-K
• 001-41278 (other) — Commission File Number
• 85-4359124 (other) — IRS Employer Identification No.
• Delaware (other) — State of incorporation
• 3730 Kirby Drive, Suite 1200 Houston, Texas 77098 (other) — Address of principal executive offices
• 713-834-1145 (other) — Registrant’s telephone number

Forward-Looking Statements

• Further details regarding the 'Departure of Directors or Certain Officers' will be disclosed in subsequent filings or press releases. (HNR Acquisition Corp.) — medium confidence, target: 2024-03-31
• The 'Other Events' mentioned in the filing will relate to a strategic business development or transaction. (HNR Acquisition Corp.) — low confidence, target: 2024-03-31

FAQ

Key Financial Figures

• $0.0001 — tered Class A Common stock, par value $0.0001 per share HNRA NYSE American Rede
• $11.50 — A Common Stock at an exercise price of $11.50 per share HNRAW NYSE American Ind
• $175,000 — o Mr. Williams an annual base salary of $175,000. In addition, the Company agreed to iss
• $10 — equal to 200% of base salary divided by $10 (i.e. 35,000 RSUs), subject to time-bas

Filing Documents

• ea192389-8k_hnracq.htm (8-K) — 36KB
• ea192389ex10-1_hnracq.htm (EX-10.1) — 93KB
• ea192389ex99-1_hnracq.htm (EX-99.1) — 10KB
• 0001213900-24-008738.txt ( ) — 389KB
• hnra-20240129.xsd (EX-101.SCH) — 4KB
• hnra-20240129_def.xml (EX-101.DEF) — 26KB
• hnra-20240129_lab.xml (EX-101.LAB) — 36KB
• hnra-20240129_pre.xml (EX-101.PRE) — 25KB
• ea192389-8k_hnracq_htm.xml (XML) — 6KB

02 Departure of Directors or Certain

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2024, HNR Acquisition Corp (the "Company"), announced that Mark H. Williams, age 54, was hired as Corporate Controller and Vice President of Finance and Administration. Mitchell B. Trotter, Chief Financial Officer of the Company, will continue to serve as the Company's principal financial officer but will no longer perform the functions of principal accounting officer. Mr. Williams has served as an accounting consultant to the Company since September 2023. Prior to this, Mr. Williams served as a Group Director at Worley Limited from May 2019 to February 2023. From July 2004 to April 2019, Mr. Williams served as Director of Accounting and then Regional Controller with Jacobs Solutions. Mr. Williams holds a Bachelor of Business Administration degree in Accounting from The College of William & Mary. In connection with the hiring of Mr. Williams as Corporate Controller and Vice President of Finance and Administration, the Company and Mr. Williams entered into an Executive Employment Agreement, effective as of January 29, 2024 (the "Employment Agreement"). The Employment Agreement is on the Company's standard form for officers, and provides that the Company shall pay to Mr. Williams an annual base salary of $175,000. In addition, the Company agreed to issue a one-time Equity Sign-On Incentive to Mr. Williams under the 2023 HNR Acquisition Corp Omnibus Incentive Plan (the "Plan"), which consists of restricted stock units ("RSUs"), equal to 200% of base salary divided by $10 (i.e. 35,000 RSUs), subject to time-based vesting as follows: 1/3 on the first anniversary of the date of grant, 1/3 on the second anniversary of the date of grant, and 1/3 on the third anniversary of the date of grant. Mr. Williams will be permitted to participate in any broad-based retirement, health and welfare plans that will

01 Other Events

Item 8.01 Other Events. On February 1, 2024, the Company issued a press release announcing the appointment of Mr. Williams. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. 1

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits The following exhibits are being filed herewith: Exhibit Number Description 10.1 Executive Employment Agreement, effective January 29, 2024, by and between the Company and Mark Williams. 99.1 Press Release of the Company dated February 1, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. February 1, 2024 HNR Acquisition Corp By: /s/ Mitchell B. Trotter Name: Mitchell B. Trotter Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR