Ring Energy Appoints New CEO and CFO
Ticker: REI · Form: 8-K · Filed: Jun 24, 2024 · CIK: 1384195
| Field | Detail |
|---|---|
| Company | Ring Energy, Inc. (REI) |
| Form Type | 8-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, management
Related Tickers: REI
TL;DR
Ring Energy names new CEO & CFO, signaling a new chapter for the oil and gas producer.
AI Summary
Ring Energy, Inc. announced on June 18, 2024, the appointment of Michael J. R. Renouard as Chief Executive Officer and President, effective immediately. Renouard, who previously served as interim CEO, will also join the Board of Directors. The company also announced the appointment of Travis J. Smith as Chief Financial Officer, effective June 24, 2024. These leadership changes follow the departure of former CEO Paul Avery.
Why It Matters
This filing signals a significant leadership transition at Ring Energy, with the appointment of a permanent CEO and a new CFO, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty regarding strategy and execution, potentially impacting the company's performance.
Key Players & Entities
- Ring Energy, Inc. (company) — The company filing the report.
- Michael J. R. Renouard (person) — Appointed Chief Executive Officer and President.
- Travis J. Smith (person) — Appointed Chief Financial Officer.
- Paul Avery (person) — Former CEO, whose departure is noted.
- June 18, 2024 (date) — Effective date of Michael J. R. Renouard's appointments.
- June 24, 2024 (date) — Effective date of Travis J. Smith's appointment.
FAQ
Who has been appointed as the new Chief Executive Officer and President of Ring Energy?
Michael J. R. Renouard has been appointed as the new Chief Executive Officer and President of Ring Energy, effective June 18, 2024.
When is Travis J. Smith's appointment as Chief Financial Officer effective?
Travis J. Smith's appointment as Chief Financial Officer is effective June 24, 2024.
What previous role did Michael J. R. Renouard hold at Ring Energy?
Michael J. R. Renouard previously served as interim CEO of Ring Energy.
Will the new CEO also join the Board of Directors?
Yes, Michael J. R. Renouard will also join the Board of Directors.
What is the company's primary business?
Ring Energy, Inc. is engaged in the crude petroleum and natural gas industry.
Filing Stats: 1,002 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2024-06-24 16:48:36
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value REI NYSE American Indicat
Filing Documents
- rei-20240618.htm (8-K) — 34KB
- june24pressrelease.htm (EX-99.1) — 11KB
- reisymbola.jpg (GRAPHIC) — 13KB
- 0001628280-24-029606.txt ( ) — 193KB
- rei-20240618.xsd (EX-101.SCH) — 2KB
- rei-20240618_lab.xml (EX-101.LAB) — 22KB
- rei-20240618_pre.xml (EX-101.PRE) — 13KB
- rei-20240618_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 24, 2024, the Company issued a press release announcing management team changes. A copy of the press release is furnished herewith as Exhibit 99.1. The information in this Current Report on Form 8-K furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information pursuant to Item 7.01, the Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be disclosed solely by Regulation FD.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are included with this Current Report on Form 8-K: Exhibit No. Description 99.1 Press Release dated June 24, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. RING ENERGY, INC. Date: June 24, 2024 By: /s/ Travis T. Thomas Travis T. Thomas Chief Financial Officer