SM Energy Co. Board Changes: Two Directors Depart, Two New Elected

TL;DR

SM Energy's board shakes up: Dotson & Scaggs out, Wood & Schlosser in, effective today.

AI Summary

SM Energy Co. announced on September 9, 2024, the departure of two directors, J. Kent Dotson and William E. Scaggs, effective immediately. The company also announced the election of two new directors, David M. Wood and David L. Schlosser, to its Board of Directors. These changes are effective as of September 9, 2024.

Why It Matters

Changes in a company's board of directors can signal shifts in strategy, governance, or investor relations, potentially impacting future performance and stock valuation.

Risk Assessment

Risk Level: medium — Board changes can introduce uncertainty regarding future strategy and leadership, which may affect investor confidence.

Key Players & Entities

• SM Energy Co. (company) — Registrant
• J. Kent Dotson (person) — Departing Director
• William E. Scaggs (person) — Departing Director
• David M. Wood (person) — Newly Elected Director
• David L. Schlosser (person) — Newly Elected Director
• September 9, 2024 (date) — Effective Date of Changes

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value SM New York Stock Exchange
• $560,000 — ed Ms. McDonald's annual base salary of $560,000. Pursuant to the Company's Cash Bonus P
• $2,300,000 — ld's long-term incentive plan target is $2,300,000, which amount is granted 50% in the for
• $1,750,000 — cDonald will receive a sign-on bonus of $1,750,000, which amount will be payable 50% upon

Filing Documents

• sm-20240909.htm (8-K) — 27KB
• exhibit99109092024.htm (EX-99.1) — 6KB
• smenergylogovertical_lga16.jpg (GRAPHIC) — 251KB
• 0000893538-24-000123.txt ( ) — 505KB
• sm-20240909.xsd (EX-101.SCH) — 2KB
• sm-20240909_lab.xml (EX-101.LAB) — 22KB
• sm-20240909_pre.xml (EX-101.PRE) — 13KB
• sm-20240909_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 9, 2024, the Company issued a press release announcing that Ms. McDonald had been appointed as the Executive Vice President and Chief Operating Officer of the Company. A copy of the press release is furnished hereto as Exhibit 99.1. In accordance with General Instruction B.2. of Current Report on Form 8-K, this press release is deemed to be "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall such information or Exhibit 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 a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release of SM Energy Company dated September 9, 2024, entitled "SM Energy Appoints Beth McDonald as Executive Vice President and Chief Operating Officer" 104 Cover Page Interactive Data File (formatted as Inline XBRL and included as Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SM ENERGY COMPANY Date: September 9, 2024 By: /s/ JAMES B. LEBECK James B. Lebeck Executive Vice President and General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR