Diamondback Energy Director Departs; Filings Updated
Ticker: FANG · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1539838
Sentiment: neutral
Topics: director-departure, filings, executive-compensation
TL;DR
Diamondback Energy director Michael Hollis is out. Financials and exec pay details filed.
AI Summary
Diamondback Energy, Inc. announced on February 3, 2025, the departure of director Michael L. R. Hollis. The company also reported on compensatory arrangements for its named executive officers and provided financial statements and exhibits. The filing does not disclose specific dollar amounts related to these events.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance. Updates to financial statements and executive compensation are crucial for investors to assess the company's financial health and management practices.
Risk Assessment
Risk Level: low — The filing primarily concerns director departure and routine financial disclosures, with no immediate indication of significant financial distress or operational disruption.
Key Players & Entities
- Diamondback Energy, Inc. (company) — Registrant
- Michael L. R. Hollis (person) — Departing Director
FAQ
Who is the departing director from Diamondback Energy?
Michael L. R. Hollis is the director who has departed from Diamondback Energy, Inc.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is February 3, 2025.
What are the main items disclosed in this 8-K filing?
The filing discloses the departure of a director, election of directors, appointment of officers, compensatory arrangements of certain officers, and financial statements and exhibits.
What is Diamondback Energy's principal executive office address?
Diamondback Energy's principal executive office is located at 500 West Texas Ave. Suite 100, Midland, TX 79701.
What is the SIC code for Diamondback Energy?
The Standard Industrial Classification (SIC) code for Diamondback Energy is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 1,281 words · 5 min read · ~4 pages · Grade level 10.9 · Accepted 2025-02-03 16:06:23
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value FANG The Nasdaq Stock Market
Filing Documents
- fang-20250203.htm (8-K) — 40KB
- ex991fangpr2325.htm (EX-99.1) — 5KB
- image_0.jpg (GRAPHIC) — 13KB
- 0001539838-25-000009.txt ( ) — 220KB
- fang-20250203.xsd (EX-101.SCH) — 2KB
- fang-20250203_def.xml (EX-101.DEF) — 15KB
- fang-20250203_lab.xml (EX-101.LAB) — 26KB
- fang-20250203_pre.xml (EX-101.PRE) — 15KB
- fang-20250203_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 3, 2025, the Company issued a press release announcing the Appointment. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference into this Item 7.01. The information contained in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing of the registrant, whether made before, on, or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1* Stockholders Agreement, by and among the Company and the initial stockholders named therein, dated September 10, 2024 (incorporated by reference to Exhibit 10.1 to the Form 8-K, File No. 001-35700, filed by the Company with the SEC on September 10, 2024). 10.2 Form of Director and Officer Indemnification Agreement (incorporated by reference to Exhibit 10.15 to Amendment No. 4 to the Registration Statement on Form S-1, File No. 333-179502, filed by the Company with the SEC on August 20, 2012) . 99.1 Press Release, dated February 3, 2025 entitled "Diamondback Energy, Inc. Announces Appointment to the Board of Directors . " 104 Cover Page Interactive Data File (formatted as Inline XBRL). *Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K promulgated by the SEC. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request. 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 thereunto duly authorized. DIAMONDBACK ENERGY, INC. Date: February 3, 2025 By: /s/ Teresa L. Dick Name: Teresa L. Dick Title: Executive Vice President, Chief Accounting Officer and Assistant Secretary