EXPAND ENERGY Corp. Reports Board Changes and Officer Compensation Updates
Ticker: EXE · Form: 8-K · Filed: Aug 14, 2025 · CIK: 895126
Sentiment: neutral
Topics: management-change, executive-compensation, oil-gas
TL;DR
Board shakeup and pay adjustments at EXPAND ENERGY Corp.
AI Summary
EXPAND ENERGY Corp. announced on August 13, 2025, changes in its board and executive compensation. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its compensatory arrangements for certain officers. The filing also details the company's fiscal year end as December 31st and its primary business in Crude Petroleum & Natural Gas.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can sometimes precede significant strategic shifts or indicate internal adjustments that may carry inherent risks.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's annual financial reporting period.)
Key Players & Entities
- EXPAND ENERGY Corp. (company) — Registrant
- August 13, 2025 (date) — Earliest event reported
- 001-13726 (company) — SEC File Number
- 73-1395733 (company) — EIN
- Oklahoma (location) — State of Incorporation
- 1311 (industry_code) — Standard Industrial Classification (Crude Petroleum & Natural Gas)
- CHESAPEAKE ENERGY CORP (company) — Former Company Name
- 19941129 (date) — Date of Former Company Name Change
FAQ
Who is the new director elected to the board of EXPAND ENERGY Corp.?
The filing does not specify the name of the newly elected director, only that an election occurred.
What specific changes were made to the compensatory arrangements of certain officers?
The filing indicates that there were updates to compensatory arrangements but does not detail the specific changes within this summary.
When was EXPAND ENERGY Corp. formerly known as CHESAPEAKE ENERGY CORP?
The company formerly known as CHESAPEAKE ENERGY CORP changed its name on November 29, 1994.
What is the primary industry of EXPAND ENERGY Corp. according to its SIC code?
EXPAND ENERGY Corp.'s Standard Industrial Classification code is 1311, which corresponds to Crude Petroleum & Natural Gas.
What is the business address of EXPAND ENERGY Corp.?
The business address is 6100 N WESTERN AVE, OKLAHOMA CITY, OK 73118.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2025-08-14 17:27:51
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share EXE The Nasdaq
- $334,750 — ll receive (i) an annual base salary of $334,750, (ii) a monthly cash stipend of $12,000
- $12,000 — 334,750, (ii) a monthly cash stipend of $12,000, and (iii) restricted stock units ("RSU
- $200,000 — with a grant date fair market value of $200,000 under the Company's 2021 Long Term Ince
Filing Documents
- tm2523566d1_8k.htm (8-K) — 36KB
- tm2523566d1_8kimg01.jpg (GRAPHIC) — 5KB
- 0001104659-25-078776.txt ( ) — 264KB
- exe-20250813.xsd (EX-101.SCH) — 4KB
- exe-20250813_def.xml (EX-101.DEF) — 27KB
- exe-20250813_lab.xml (EX-101.LAB) — 38KB
- exe-20250813_pre.xml (EX-101.PRE) — 25KB
- tm2523566d1_8k_htm.xml (XML) — 7KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Mohit Singh, Executive Vice President and Chief Financial Officer of Expand Energy Corporation (the "Company") will depart the Company to pursue other interests due to a termination without cause, effective August 13, 2025. Mr. Singh will receive post-employment benefits in accordance with the Company's Executive Severance Plan , Brittany Raiford, 39, the Company's current Vice President - Treasurer, has been appointed as the Interim Chief Financial Officer and has assumed the duties as principal financial officer of the Company, effective August 13, 2025, while the Company conducts a search for a permanent Chief Financial Officer. Ms. Raiford joinedthe Company on October 1, 2024 upon the closing of the merger with Southwestern Energy Company ("Southwestern"). Ms. Raiford joined Southwestern in 2011. From 2020 to 2023, she served as Southwestern's Director and then Vice President, Investor Relations, and from 2011 to 2020, she served as Senior Manager, Financial Reporting and Operations Accounting. Ms. Raiford earned her B.B.A. in Accounting and M.S. in Finance from Texas A&M University. In connection with Ms. Raiford's appointment as Interim Chief Financial Officer and principal financial officer, Ms. Raiford will receive (i) an annual base salary of $334,750, (ii) a monthly cash stipend of $12,000, and (iii) restricted stock units ("RSUs") with a grant date fair market value of $200,000 under the Company's 2021 Long Term Incentive Plan. The RSUs will vest in equal installments over the three-year period following the applicable grant date, subject to Ms. Raiford's continued service to the Company on each applicable vesting date. There are no arrangements or understandings between Ms. Raiford and any other person pursuant to which she was a