Prairie Operating Co. Announces Board and Executive Changes
Ticker: PROP · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1162896
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
Prairie Operating Co. shook up its board and exec pay structure as of Oct 30, 2024.
AI Summary
Prairie Operating Co. announced changes to its board of directors and executive compensation arrangements on October 30, 2024. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the financial impact of these changes are not provided in this initial filing.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can indicate underlying issues or strategic shifts that may affect the company's future performance and stability.
Key Players & Entities
- Prairie Operating Co. (company) — Registrant
- October 30, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors but does not specify the exact roles in this section.
Who are the newly elected directors?
The filing states that directors have been elected but does not list their names in this summary section.
What are the details of the updated compensatory arrangements?
The filing mentions updates to compensatory arrangements for certain officers but does not provide specific financial details or terms.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 30, 2024.
What is the primary business of Prairie Operating Co.?
Prairie Operating Co. is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
Filing Stats: 428 words · 2 min read · ~1 pages · Grade level 11.2 · Accepted 2024-11-01 17:15:32
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share PROP The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 36KB
- 0001493152-24-043369.txt ( ) — 207KB
- prop-20241030.xsd (EX-101.SCH) — 3KB
- prop-20241030_lab.xml (EX-101.LAB) — 33KB
- prop-20241030_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 30, 2024 Prairie Operating Co. (Exact Name of Registrant as Specified in Charter) Delaware 001-41895 98-0357690 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 55 Waugh Drive Suite 400 Houston , TX 77007 (Address of Principal Executive Offices) (Zip Code) (713) 424-4247 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share PROP The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 ( 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ( 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 30, 2024, Paul L. Kessler provided the Board of Directors (the "Board") of Prairie Operating Co. (the "Company") with notice of his resignation as a member of the Board, effective October 30, 2024. Mr. Kessler's resignation was not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. 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. Date: November 1, 2024 Prairie Operating Co. By: /s/ Daniel T. Sweeney Name: Daniel T. Sweeney Title: Executive Vice President, General Counsel and Corporate Secretary