Diamondback Energy Director Departs; Filings Updated

Ticker: FANG · Form: 8-K · Filed: 2025-02-03T00:00:00.000Z

Sentiment: neutral

Topics: director-departure, filings, executive-compensation

TL;DR

Diamondback Energy director Michael Hollis is out. Financials and exec pay details filed.

AI Summary

Diamondback Energy, Inc. announced on February 3, 2025, the departure of director Michael L. R. Hollis. The company also reported on compensatory arrangements for its named executive officers and provided financial statements and exhibits. The filing does not disclose specific dollar amounts related to these events.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance. Updates to financial statements and executive compensation are crucial for investors to assess the company's financial health and management practices.

Risk Assessment

Risk Level: low — The filing primarily concerns director departure and routine financial disclosures, with no immediate indication of significant financial distress or operational disruption.

Key Players & Entities

FAQ

Who is the departing director from Diamondback Energy?

Michael L. R. Hollis is the director who has departed from Diamondback Energy, Inc.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is February 3, 2025.

What are the main items disclosed in this 8-K filing?

The filing discloses the departure of a director, election of directors, appointment of officers, compensatory arrangements of certain officers, and financial statements and exhibits.

What is Diamondback Energy's principal executive office address?

Diamondback Energy's principal executive office is located at 500 West Texas Ave. Suite 100, Midland, TX 79701.

What is the SIC code for Diamondback Energy?

The Standard Industrial Classification (SIC) code for Diamondback Energy is 1311, which corresponds to Crude Petroleum & Natural Gas.

From the Filing

0001539838-25-000009.txt : 20250203 0001539838-25-000009.hdr.sgml : 20250203 20250203160623 ACCESSION NUMBER: 0001539838-25-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250203 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250203 DATE AS OF CHANGE: 20250203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Diamondback Energy, Inc. CENTRAL INDEX KEY: 0001539838 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35700 FILM NUMBER: 25582519 BUSINESS ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 405-463-6900 MAIL ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 8-K 1 fang-20250203.htm 8-K fang-20250203 false 0001539838 0001539838 2025-02-03 2025-02-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 3, 2025 ___________ DIAMONDBACK ENERGY, INC. (Exact Name of Registrant as Specified in Charter) DE 001-35700 45-4502447 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 500 West Texas Ave. Suite 100 Midland, TX 79701 (Address of principal executive offices) (Zip code) ( 432 ) 221-7400 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 Par Value FANG The Nasdaq Stock Market LLC (NASDAQ Global Select Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 3, 2025, in accordance with the Second Amended and Restated Certificate of Incorporation of Diamondback Energy, Inc. (the “ Company ”), and the Fifth Amended and Restated Bylaws of the Company, the Board of Directors of the Company (the “ Board ”) increased the size of the Board by one director and appointed Darin G. Holderness to the resulting vacancy (the “ Appointment ”). Mr. Holderness will hold office until the 2025 annual meeting of

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