Diamondback Energy Announces Executive and Board Changes

Ticker: FANG · Form: 8-K · Filed: 2025-05-21T00:00:00.000Z

Sentiment: neutral

Topics: management-change, board-election, executive-appointment

TL;DR

Diamondback Energy shakes up leadership and board on 5/21!

AI Summary

Diamondback Energy, Inc. announced on May 21, 2025, several key executive and board changes. The company elected new directors and appointed new officers, alongside adjustments to compensatory arrangements for certain executives. These changes are effective as of May 21, 2025.

Why It Matters

Changes in leadership and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.

Key Players & Entities

FAQ

What specific roles have been affected by these executive and board changes?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the exact roles in this summary.

Were there any shareholder votes or submissions mentioned in this filing?

Yes, the filing notes 'Submission of Matters to a Vote of Security Holders' as an item of information.

What is Diamondback Energy's primary industry?

Diamondback Energy, Inc. is in the 'CRUDE PETROLEUM & NATURAL GAS' industry, with SIC code 1311.

Where is Diamondback Energy's principal executive office located?

The principal executive offices are located at 500 West Texas Ave. Suite 100, Midland, TX 79701.

What is the fiscal year end for Diamondback Energy?

The fiscal year end for Diamondback Energy is December 31.

From the Filing

0001539838-25-000072.txt : 20250521 0001539838-25-000072.hdr.sgml : 20250521 20250521165617 ACCESSION NUMBER: 0001539838-25-000072 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250521 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders FILED AS OF DATE: 20250521 DATE AS OF CHANGE: 20250521 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 EIN: 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: 25973769 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-20250521.htm 8-K fang-20250521 false 0001539838 0001539838 2025-05-21 2025-05-21 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): May 21, 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 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. As part of the leadership transition plan announced by Diamondback Energy, Inc. (the “Company”) in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on February 20, 2025 (the “Original Form 8-K”), Travis D. Stice stepped down as Chief Executive Officer of the Company and became Executive Chairman of the Board of Directors of the Company, in each case effective as of May 21, 2025, the date of the Company’s 2025 Annual Meeting of Stockholders (the “

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