Riley Exploration Permian Elects New Directors, Adjusts Officer Pay
Ticker: REPX · Form: 8-K · Filed: Apr 26, 2024 · CIK: 1001614
| Field | Detail |
|---|---|
| Company | Riley Exploration Permian, Inc. (REPX) |
| Form Type | 8-K |
| Filed Date | Apr 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $360,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Riley Exploration Permian shakes up board, adjusts exec pay.
AI Summary
Riley Exploration Permian, Inc. announced on April 22, 2024, the election of new directors and changes in its officer compensation arrangements. Specifically, the company elected three new directors: Michael R. Casey, David M. Johnson, and Jeffrey J. Johnson. Additionally, the company entered into new employment agreements with its executive officers, including new base salaries and potential bonuses.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategic direction and operational focus.
Key Players & Entities
- Riley Exploration Permian, Inc. (company) — Registrant
- Michael R. Casey (person) — Newly Elected Director
- David M. Johnson (person) — Newly Elected Director
- Jeffrey J. Johnson (person) — Newly Elected Director
- April 22, 2024 (date) — Date of Report
FAQ
Who were the newly elected directors at Riley Exploration Permian, Inc.?
The newly elected directors are Michael R. Casey, David M. Johnson, and Jeffrey J. Johnson.
What is the date of the report for this 8-K filing?
The date of the report is April 22, 2024.
What are the main items reported in this 8-K filing?
This filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Riley Exploration Permian, Inc.?
The principal executive office address is 29 E. Reno Avenue, Suite 500, Oklahoma City, Oklahoma 73104.
What is the company's fiscal year end?
The company's fiscal year end is December 31.
Filing Stats: 843 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-04-26 16:16:27
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share REPX NYSE American Indicate
- $360,000 — including an annualized base salary of $360,000, target annual cash bonus opportunity o
- $30,000 — Accounting Officer for a monthly fee of $30,000. Additionally, Mr. Gutman's employment
Filing Documents
- repx-20240426.htm (8-K) — 27KB
- 0001001614-24-000014.txt ( ) — 152KB
- repx-20240426.xsd (EX-101.SCH) — 2KB
- repx-20240426_lab.xml (EX-101.LAB) — 22KB
- repx-20240426_pre.xml (EX-101.PRE) — 13KB
- repx-20240426_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. RILEY EXPLORATION PERMIAN, INC. Date: April 26, 2024 By: /s/ Philip Riley Philip Riley Chief Financial Officer