Permian Resources Corp. Announces Board Changes and Officer Appointments
Ticker: PR · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1658566
Sentiment: neutral
Topics: board-changes, executive-appointments, governance
TL;DR
Permian Resources shakes up its board and exec team, effective May 31st.
AI Summary
Permian Resources Corp. announced on May 31, 2024, the departure of Director Michael E. Rowny and the election of new directors, including James M. Van Hooser and David M. Wood. The company also appointed new officers and updated its compensatory arrangements for certain executives.
Why It Matters
Changes in board composition and executive leadership can signal shifts in company strategy, governance, and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Permian Resources Corp. (company) — Registrant
- Michael E. Rowny (person) — Departing Director
- James M. Van Hooser (person) — Elected Director
- David M. Wood (person) — Elected Director
- May 31, 2024 (date) — Effective date of changes
FAQ
Who has departed from the Board of Directors of Permian Resources Corp.?
Michael E. Rowny has departed from the Board of Directors.
Who has been elected as new directors to the Board of Permian Resources Corp.?
James M. Van Hooser and David M. Wood have been elected as new directors.
What is the effective date of the reported changes?
The earliest event reported is dated May 31, 2024.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the former company name of Permian Resources Corp.?
The former company name was Centennial Resource Development, Inc. and prior to that, Silver Run Acquisition Corp.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-06-06 17:27:32
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share PR The New York Stock Exc
- $380,000 — ion S-K. Mr. Shannon's base salary is $380,000 and he is eligible to participate in th
Filing Documents
- d831257d8k.htm (8-K) — 24KB
- 0001193125-24-156209.txt ( ) — 143KB
- pr-20240531.xsd (EX-101.SCH) — 3KB
- pr-20240531_lab.xml (EX-101.LAB) — 18KB
- pr-20240531_pre.xml (EX-101.PRE) — 11KB
- d831257d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES 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. PERMIAN RESOURCES CORPORATION By: /s/ Guy M. Oliphint Guy M. Oliphint Executive Vice President and Chief Financial Officer Date: June 6, 2024