Talos Energy Inc. Files Definitive Proxy Statement

Ticker: TALO · Form: DEF 14A · Filed: Apr 17, 2024 · CIK: 1724965

Talos Energy Inc. DEF 14A Filing Summary
FieldDetail
CompanyTalos Energy Inc. (TALO)
Form TypeDEF 14A
Filed DateApr 17, 2024
Risk Levellow
Pages14
Reading Time17 min
Key Dollar Amounts$0.01
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Talos Energy, Corporate Governance, Shareholder Meeting

TL;DR

<b>Talos Energy Inc. has filed its Definitive Proxy Statement for the period ending December 31, 2023.</b>

AI Summary

TALOS ENERGY INC. (TALO) filed a Proxy Statement (DEF 14A) with the SEC on April 17, 2024. Talos Energy Inc. filed a Definitive Proxy Statement (DEF 14A) on April 17, 2024. The filing covers the period ending December 31, 2023. The company's Central Index Key is 0001724965. Talos Energy Inc. is incorporated in Delaware. The company's business address is 333 Clay Street, Suite 3300, Houston, TX 77002.

Why It Matters

For investors and stakeholders tracking TALOS ENERGY INC., this filing contains several important signals. This filing is a standard regulatory requirement for public companies, providing shareholders with information regarding company matters, typically including executive compensation, board nominations, and other corporate governance issues. Shareholders will use this document to make informed decisions when voting on proposals at the company's annual meeting.

Risk Assessment

Risk Level: low — TALOS ENERGY INC. shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.

Analyst Insight

Review the proxy statement for details on executive compensation, board proposals, and any shareholder resolutions to understand potential impacts on corporate governance and shareholder value.

Key Numbers

  • 2024-04-17 — Filing Date (DEF 14A Filing Date)
  • 2023-12-31 — Reporting Period End Date (Conformed Period of Report)
  • 0001724965 — Central Index Key (Filer's Central Index Key)
  • 1311 — SIC Code (Standard Industrial Classification)

Key Players & Entities

  • Talos Energy Inc. (company) — Registrant Name
  • 0001724965 (company) — Central Index Key
  • DE (company) — State of Incorporation
  • 333 Clay Street, Suite 3300, Houston, TX 77002 (company) — Business Address
  • Sailfish Energy Holdings Corp (company) — Former Company Name

FAQ

When did TALOS ENERGY INC. file this DEF 14A?

TALOS ENERGY INC. filed this Proxy Statement (DEF 14A) with the SEC on April 17, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by TALOS ENERGY INC. (TALO).

Where can I read the original DEF 14A filing from TALOS ENERGY INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TALOS ENERGY INC..

What are the key takeaways from TALOS ENERGY INC.'s DEF 14A?

TALOS ENERGY INC. filed this DEF 14A on April 17, 2024. Key takeaways: Talos Energy Inc. filed a Definitive Proxy Statement (DEF 14A) on April 17, 2024.. The filing covers the period ending December 31, 2023.. The company's Central Index Key is 0001724965..

Is TALOS ENERGY INC. a risky investment based on this filing?

Based on this DEF 14A, TALOS ENERGY INC. presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance information.

What should investors do after reading TALOS ENERGY INC.'s DEF 14A?

Review the proxy statement for details on executive compensation, board proposals, and any shareholder resolutions to understand potential impacts on corporate governance and shareholder value. The overall sentiment from this filing is neutral.

How does TALOS ENERGY INC. compare to its industry peers?

Talos Energy Inc. operates in the Crude Petroleum & Natural Gas industry.

Are there regulatory concerns for TALOS ENERGY INC.?

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Talos Energy Inc. operates in the Crude Petroleum & Natural Gas industry.

Regulatory Implications

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review executive compensation details within the proxy statement.
  2. Analyze any proposed board resolutions or shareholder proposals.
  3. Note the company's fiscal year end and reporting period.

Key Dates

  • 2024-04-17: Filing of DEF 14A — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is the initial filing of the DEF 14A for the period ending December 31, 2023. Previous filings would cover different periods or forms.

Filing Stats: 4,320 words · 17 min read · ~14 pages · Grade level 16 · Accepted 2024-04-17 08:01:13

Key Financial Figures

  • $0.01 — anding share of common stock, par value $0.01 per share ("common stock") of Talos Ene

Filing Documents

Executive Compensation Matters

Executive Compensation Matters 33 Compensation Discussion and Analysis 33 Executive Summary 35 Process for Setting Executive Compensation 38 Elements of Compensation for the 2023 Fiscal Year 45 Amended and Restated Severance Plan 45 Other Matters 48 Compensation Committee Report 49

Executive Compensation Tables

Executive Compensation Tables 49 Summary Compensation Table 50 Grants of Plan-Based Awards Table 51 Outstanding Equity Awards at 2023 Fiscal Year-End 53 Option Exercises and Stock Vested 53 Pension Benefits 53 Nonqualified Deferred Compensation 54 Potential Payments Upon Termination or a Change in Control 59 CEO Pay Ratio 60 Pay Versus Performance 61 Narrative Disclosure to Pay vs. Performance Table 62 Disclosure of Most Important Performance Measures for 2023 Fiscal Year 63 Compensation Committee Interlocks and Insider Participation 64 Proposal 2: Non-Binding Advisory Vote on the Company's Named Executive Officers 65 Audit Committee Report 66 Proposal 3: Ratification of Appointment of Independent Registered Public Accounting Firm 68 Proposal 4: Approval of Amended 2021 LTIP 78 Proposal 5: Approval of the Exculpation Amendment 80

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 81 Delinquent Section 16(a) Reports 82 Certain Relationships and Related Party Transactions 82 Policies and Procedures for Review of Related Party Transactions 82 Legal Fees 82 Historical Transactions with Affiliates 84 Support Agreements 84 Board Designation Rights 85 Registration Rights 85 Offering Participation 86 Questions and Answers About the Annual Meeting 94 Stockholders Proposals; Identification of Director Candidates for Next Year A-1 Annex A: Amended and Restated Talos Energy Inc. 2021 Long Term Incentive Plan B-1 Annex B: Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of Talos Energy Inc. Table of Contents ROAD MAP OF VOTING ITEMS PROPOSAL 1 To Elect to the Company's Board of Directors the Three Director Nominees Set Forth in the Accompanying Proxy Statement (Page 6) Board Vote Recommendation We are asking our stockholders to vote on each of the three director nominees named in this proxy statement (this "Proxy Statement") to the Board of Directors (the "Board of Directors" or "Board") of Talos Energy Inc. (the "Company"). Both the Board and Nominating & Governance Committee of the Board (the "Nominating & Governance Committee") believe that the director nominees have the qualifications, experience and skills necessary to represent stockholder interests through service on our Board. FOR EACH NOMINEE PROPOSAL 2 To Approve, on a Non-Binding Advisory Basis, the Company's Named Executive Officer Compensation for the Fiscal Year Ended December 31, 2023 (Page 64) Board Vote Recommendation We have designed our executive compensation program to attract and retain experienced executives and align executive pay with Company performance and the long-term interests of our stockholders. We are seeking a non-binding advisory vote from our stockholders to approve the compensation of ou

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