Talos Energy Inc. Files 8-K on Executive Changes and Filings
Ticker: TALO · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1724965
| Field | Detail |
|---|---|
| Company | Talos Energy Inc. (TALO) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $975,000, $2,250,000, $800,000, $1,600,000, $14.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, filing, governance
Related Tickers: TALO
TL;DR
Talos Energy filed an 8-K detailing executive changes and financial updates as of Feb 2, 2025.
AI Summary
Talos Energy Inc. filed an 8-K on February 3, 2025, reporting on the departure of directors, election of directors, appointment of officers, and compensatory arrangements. The filing also includes Regulation FD disclosures and financial statements/exhibits. The report covers events as of February 2, 2025.
Why It Matters
This filing provides crucial updates on the company's leadership and governance structure, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing executive and board changes, not indicating immediate operational or financial distress.
Key Players & Entities
- TALOS ENERGY INC. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 333 Clay Street, Suite 3300 Houston, Texas 77002 (address) — Principal Executive Offices
- February 2, 2025 (date) — Date of earliest event reported
- February 3, 2025 (date) — Date of report
FAQ
What specific executive positions were affected by the appointments or departures mentioned in the filing?
The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" but does not specify the exact positions in the provided text.
Are there any details regarding the compensatory arrangements for the officers mentioned?
The filing lists "Compensatory Arrangements of Certain Officers" as an item, but the specific details of these arrangements are not included in the provided excerpt.
What is the significance of the 'Regulation FD Disclosure' item?
Regulation FD (Fair Disclosure) requires that material non-public information be disclosed to all investors simultaneously, so this item indicates such disclosures were made.
What types of financial statements and exhibits are included with this 8-K filing?
The filing indicates "Financial Statements and Exhibits" are included, but the specific nature of these documents is not detailed in the provided text.
What was the previous name of Talos Energy Inc. and when did the name change occur?
The previous name was SAILFISH ENERGY HOLDINGS Corp, and the name change occurred on December 11, 2017.
Filing Stats: 2,114 words · 8 min read · ~7 pages · Grade level 11.2 · Accepted 2025-02-03 16:05:08
Key Financial Figures
- $975,000 — to the following: (a) a base salary of $975,000, paid in accordance with the Company's
- $2,250,000 — grant date value equal to approximately $2,250,000 (the "2025 RSU Award") and (ii) perform
- $800,000 — ) RSUs with a grant date value equal to $800,000 (the "RSU Sign-On Award") and (ii) PSUs
- $1,600,000 — ) PSUs with a grant date value equal to $1,600,000 (the "PSU Sign-On Award" and together w
- $14.00 — ommon stock is equal to or greater than $14.00 for sixty (60) consecutive trading days
- $16.00 — ommon stock is equal to or greater than $16.00 for sixty (60) consecutive trading days
- $100,000 — sign-on bonus (the "Sign-On Bonus") of $100,000, payable in cash within fifteen (15) da
- $60,000 — mpany will also reimburse him up to (a) $60,000 in respect of his United Kingdom lease
- $50,000 — s United Kingdom lease payments and (b) $50,000 for actual out-of-pocket moving expense
Filing Documents
- d845029d8k.htm (8-K) — 39KB
- d845029dex101.htm (EX-10.1) — 71KB
- d845029dex102.htm (EX-10.2) — 87KB
- d845029dex991.htm (EX-99.1) — 9KB
- g845029g0201051716502.jpg (GRAPHIC) — 3KB
- g845029g74f31.jpg (GRAPHIC) — 3KB
- 0001193125-25-019260.txt ( ) — 396KB
- talo-20250202.xsd (EX-101.SCH) — 3KB
- talo-20250202_lab.xml (EX-101.LAB) — 18KB
- talo-20250202_pre.xml (EX-101.PRE) — 11KB
- d845029d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits Exhibit Description 10.1* Offer Letter Agreement by and between the Company and Paul Goodfellow, effective February 2, 2025. Exhibit Description 10.2* Participation Agreement pursuant to Talos Energy Operating Company LLC Amended and Restated Executive Severance Plan. 10.3 Form of Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan Restricted Stock Unit Grant Notice and Restricted Stock Unit Agreement (Executives) (2024) (incorporated by reference to Exhibit 10.1 to the Company's Form 10-Q (File No. 001-38497) filed with the SEC on November 12, 2024). 10.4 Form of Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan Performance Share Unit Grant Notice and Performance Share Unit Agreement (Executives) (2024) (incorporated by reference to Exhibit 10.2 to the Company's Form 10-Q (File No. 001-38497) filed with the SEC on November 12, 2024). 10.5 Form of Indemnification Agreement (Directors and Officers) (incorporated by reference to Exhibit 10.12 to the Company's Form 10-K (File No. 001-38497) filed with the SEC on February 29, 2024). 99.1* Press Release, dated February 3, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Identifies management contracts and compensatory plans or arrangements. * Filed herewith SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 3, 2025 TALOS ENERGY INC. By: /s/ William S. Moss III Name: William S. Moss III Interim Co-President, Interim Chief Executive Officer, Executive Vice President, General Counsel and Secretary