Diamondback Energy Announces Director Changes and New CAO

Ticker: FANG · Form: 8-K · Filed: 2025-02-20T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, board-of-directors, executive-appointment

Related Tickers: FANG

TL;DR

Diamondback Energy shakes up board, names new Chief Accounting Officer.

AI Summary

Diamondback Energy, Inc. announced on February 20, 2025, a series of significant corporate actions. These include the departure of Director Michael L. Routh, the election of new Director R. Keith Fullerton, and the appointment of Travis W. Miller as Chief Accounting Officer. The company also disclosed compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and key executive appointments can signal shifts in company strategy, governance, or financial oversight.

Risk Assessment

Risk Level: medium — Changes in key leadership and board composition can introduce uncertainty regarding future strategic direction and operational execution.

Key Players & Entities

FAQ

Who has departed from Diamondback Energy's board of directors?

Michael L. Routh has departed from the board of directors.

Who has been elected as a new director to Diamondback Energy's board?

R. Keith Fullerton has been elected as a new director.

Who has been appointed as the new Chief Accounting Officer?

Travis W. Miller has been appointed as the Chief Accounting Officer.

What is the exact date of this Form 8-K filing?

The exact date of this Form 8-K filing is February 20, 2025.

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

The filing discloses the departure of a director, election of a director, appointment of a certain officer, and compensatory arrangements of certain officers, along with Regulation FD Disclosure and Financial Statements and Exhibits.

From the Filing

0001140361-25-005267.txt : 20250220 0001140361-25-005267.hdr.sgml : 20250220 20250220162830 ACCESSION NUMBER: 0001140361-25-005267 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20250220 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: 20250220 DATE AS OF CHANGE: 20250220 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: 25645871 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 ef20043983_8k.htm 8-K false 0001539838 NASDAQ 0001539838 2025-02-20 2025-02-20 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 February 20, 2025 Date of Report (Date of Earliest Event Reported) DIAMONDBACK ENERGY, INC. (Exact name of registrant as specified in its charter) Delaware 001-35700 45-4502447 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)   500 West Texas Ave. Suite 100 Midland , Texas 79701 (Address of principal executive offices) (Zip Code)   Registrant’s telephone number, including area code: ( 432 ) 221-7400 Check the appropriate box below if the Form 8-K filing 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 Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share 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 20, 2025, Diamondback Energy, Inc. (the “Company”) announced its leadership transition plan.  Travis D. Stice intends to step down as Chief Executive Officer effective as of the Company’s 2025 Annual Meeting of Stockholders. At that time, Mr. Stice will transition from Chief Executive Officer to Executive Chairman of the Board of Directors of the Company (the “Board”), and Kaes Van’t Hof, current President and Chief Financial Officer of the Company, will succeed Mr. Stice as Chief Executive Officer and will be n

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