SandRidge Energy Appoints New Officers and Director
Ticker: SD · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1349436
| Field | Detail |
|---|---|
| Company | Sandridge Energy Inc (SD) |
| Form Type | 8-K |
| Filed Date | Apr 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, personnel
TL;DR
SandRidge Energy just swapped out some top execs and a director. New CFO and COO onboard.
AI Summary
SandRidge Energy, Inc. announced on April 1, 2024, the departure of Director Mark E. Burke and the election of new Director David M. Johnson. The company also appointed new officers, including Chief Financial Officer Michael L. Long and Chief Operating Officer Jonathan M. Smith. These changes are effective immediately.
Why It Matters
This filing indicates a significant shift in SandRidge Energy's leadership team, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can signal underlying issues or strategic shifts that may introduce uncertainty.
Key Players & Entities
- SandRidge Energy, Inc. (company) — Registrant
- Mark E. Burke (person) — Departing Director
- David M. Johnson (person) — Newly Elected Director
- Michael L. Long (person) — Newly Appointed Chief Financial Officer
- Jonathan M. Smith (person) — Newly Appointed Chief Operating Officer
- April 1, 2024 (date) — Effective date of changes
FAQ
Who has departed from SandRidge Energy's board and executive team?
Director Mark E. Burke has departed. The filing also notes the appointment of new officers, implying potential departures or restructuring among other roles.
Who has been appointed to SandRidge Energy's board?
David M. Johnson has been elected as a new Director.
What are the new officer appointments at SandRidge Energy?
Michael L. Long has been appointed as Chief Financial Officer, and Jonathan M. Smith has been appointed as Chief Operating Officer.
When are these changes effective?
The changes are effective as of April 1, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of a director, the election of a new director, and the appointment of certain officers, along with compensatory arrangements.
Filing Stats: 806 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2024-04-03 16:41:54
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value SD New York Stock Exchang
Filing Documents
- d510306d8k.htm (8-K) — 27KB
- d510306dex991.htm (EX-99.1) — 4KB
- g510306g86k46.jpg (GRAPHIC) — 6KB
- 0001193125-24-086053.txt ( ) — 161KB
- sd-20240401.xsd (EX-101.SCH) — 3KB
- sd-20240401_lab.xml (EX-101.LAB) — 18KB
- sd-20240401_pre.xml (EX-101.PRE) — 11KB
- d510306d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated April 3, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are 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 thereunto duly authorized. SandRidge Energy, Inc. By: /s/ Grayson Pranin Grayson Pranin President & Chief Executive Officer Date: April 3, 2024