W&T Offshore Reports Officer Changes and Financials

TL;DR

W&T Offshore (WTI) filed an 8-K on 4/11 detailing board/officer changes effective 4/8, plus financials.

AI Summary

W&T Offshore, Inc. filed an 8-K on April 11, 2024, reporting changes in its board of directors and executive officers, effective April 8, 2024. The filing also includes information on compensatory arrangements for certain officers and a Regulation FD disclosure. Additionally, it contains financial statements and exhibits.

Why It Matters

Changes in a company's board and executive team can signal shifts in strategy or governance, while financial statements provide insight into the company's performance.

Risk Assessment

Risk Level: low — This filing is primarily informational, detailing routine corporate governance changes and financial reporting, with no immediate negative or positive financial implications.

Key Players & Entities

• W&T Offshore, Inc. (company) — Registrant
• April 8, 2024 (date) — Effective date of changes
• April 11, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 WTI New York Stock Exchange Item

Filing Documents

• tm2411359d1_8k.htm (8-K) — 32KB
• tm2411359d1_ex99-1.htm (EX-99.1) — 9KB
• tm2411359d1_ex99-1img001.jpg (GRAPHIC) — 9KB
• tm2411359d1_ex99-1img002.jpg (GRAPHIC) — 6KB
• 0001104659-24-046332.txt ( ) — 238KB
• wti-20240408.xsd (EX-101.SCH) — 3KB
• wti-20240408_lab.xml (EX-101.LAB) — 33KB
• wti-20240408_pre.xml (EX-101.PRE) — 22KB
• tm2411359d1_8k_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 11, 2024, W&T Offshore, Inc. (the "Company") announced that its Board of Directors (the "Board"), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, voted to expand the size of the Board to six members and appointed Mr. John D. Buchanan to fill the vacancy on the Board effective April 8, 2024. Mr. Buchanan will serve as a director until the earlier of the next annual meeting of shareholders, until his successor is appointed and qualified, or until his death, resignation or removal from office. As of the date of his appointment, Mr. Buchanan has not been appointed to any standing committees of the Board. The Board determined that Mr. Buchanan meets the independence requirements under the rules of the New York Stock Exchange ("NYSE") and the Company's independence standards, and that there are no transactions between the Company and Mr. Buchanan that would require disclosure under Item 404(a) of Regulation S-K. There are no understandings or arrangements between Mr. Buchanan and any other person pursuant to which Mr. Buchanan was selected to serve as a director of the Company. In connection with the appointment of Mr. Buchanan as a member of the Board, he will receive the standard non-employee director compensation for serving on the Board and any committees of the Board, the specific terms of which are described further in the Company's 2023 Definitive Proxy Statement, as filed with the U.S. Securities and Exchange Commission on May 1, 2023. Mr. Buchanan will be reimbursed for reasonable out-of-pocket expenses incurred in connection with attending each Board meeting in accordance with the Company's expense reimbursement policy. In connection with the appointment of Mr. Buchanan as a member of the Board, the Company entered into an Indemnification Agreement w

01

Item 7.01 Regulation FD Disclosure. On April 11, 2024, the Company issued a press release announcing the appointment of Mr. Buchanan. A copy of that press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Current Report on Form 8-K is being "furnished" pursuant to General Instruction B.2 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

01

Item 9.01. Financial Statement and Exhibits. Exhibit No. Description 99.1 Press release dated April 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 11, 2024 W&T OFFSHORE, INC. (Registrant) By: /s/ Sameer Parasnis Name: Sameer Parasnis Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR