SM Energy Elects New Directors, Updates Officer Compensation
Ticker: SM · Form: 8-K · Filed: Dec 2, 2024 · CIK: 893538
| Field | Detail |
|---|---|
| Company | Sm Energy Co (SM) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $185,000, $46,456 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, governance, officer-compensation
Related Tickers: SMOG
TL;DR
SM Energy adds two new directors to the board.
AI Summary
SM Energy Co. announced on November 26, 2024, a change in its board of directors. Specifically, the company elected two new directors, John A. Moran and David M. Wood, to its Board, effective immediately. This filing also disclosed information regarding compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board changes and disclosures, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- SM Energy Co. (company) — Registrant
- John A. Moran (person) — Newly elected director
- David M. Wood (person) — Newly elected director
- November 26, 2024 (date) — Effective date of director election
FAQ
Who were the newly elected directors for SM Energy Co.?
John A. Moran and David M. Wood were elected as new directors.
When was the election of the new directors effective?
The election of the new directors was effective immediately as of November 26, 2024.
What other information is disclosed in this 8-K filing?
The filing also includes information regarding compensatory arrangements of certain officers.
What is the primary purpose of this Form 8-K filing?
The primary purpose is to report the departure of directors or certain officers, election of directors, and appointment of certain officers, along with compensatory arrangements and Regulation FD disclosures.
What is SM Energy Co.'s state of incorporation and fiscal year end?
SM Energy Co. is incorporated in Delaware and its fiscal year ends on December 31.
Filing Stats: 981 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2024-12-02 16:17:04
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value SM New York Stock Exchange
- $185,000 — ch represents a pro rata portion of the $185,000 in value of the Company's common stock
- $46,456 — addition, Dr. Venkatraman will be paid $46,456, representing a pro rata portion of the
Filing Documents
- sm-20241126.htm (8-K) — 29KB
- exhibit99112022024.htm (EX-99.1) — 7KB
- smenergylogovertical_lga16a.jpg (GRAPHIC) — 251KB
- 0000893538-24-000140.txt ( ) — 509KB
- sm-20241126.xsd (EX-101.SCH) — 2KB
- sm-20241126_lab.xml (EX-101.LAB) — 22KB
- sm-20241126_pre.xml (EX-101.PRE) — 13KB
- sm-20241126_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On December 2, 2024, the Company issued a press release announcing that Dr. Venkatraman had been appointed to the Board. 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 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 December 2, 202 4, ent itled " SM Energy Appoints Dr. Ashwin Venkatraman to the Company ' s Board of Directors " 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: December 2, 2024 By: /s/ JAMES B. LEBECK James B. Lebeck Executive Vice President Corporate Development and General Counsel