Crescent Energy Announces Board and Compensation Changes

Ticker: CRGY · Form: 8-K · Filed: 2025-05-23T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

TL;DR

Crescent Energy shakes up board, adjusts exec pay.

AI Summary

Crescent Energy Company announced on May 19, 2025, changes related to its board of directors and executive compensation. Specifically, the company reported the departure of a director, the election of new directors, and adjustments to compensatory arrangements for certain officers. These changes are effective as of the reporting date.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and do not inherently indicate significant financial risk.

Key Players & Entities

FAQ

Who departed from Crescent Energy's board of directors?

The filing indicates the departure of a director, but does not name the individual in the provided text.

When were the changes to the board and compensation arrangements effective?

The earliest event reported is dated May 19, 2025, suggesting the changes are effective around this date.

What specific items are covered in this 8-K filing?

The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.

What is Crescent Energy Company's state of incorporation?

Crescent Energy Company is incorporated in Delaware.

What is the company's principal executive office address?

The principal executive offices are located at 600 Travis Street, Suite 7200, Houston, Texas 77002.

From the Filing

0001866175-25-000085.txt : 20250523 0001866175-25-000085.hdr.sgml : 20250523 20250523160516 ACCESSION NUMBER: 0001866175-25-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250519 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: 20250523 DATE AS OF CHANGE: 20250523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Crescent Energy Co CENTRAL INDEX KEY: 0001866175 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation EIN: 871133610 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41132 FILM NUMBER: 25982106 BUSINESS ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-332-7001 MAIL ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: IE PubCo Inc. DATE OF NAME CHANGE: 20210607 8-K 1 crgy-20250519.htm 8-K crgy-20250519 0001866175 FALSE 0001866175 2025-05-23 2025-05-23 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 19, 2025      Crescent Energy Company (Exact Name of Registrant as Specified in its Charter) Delaware 001-41132 87-1133610 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 600 Travis Street , Suite 7200 Houston , Texas 77002 (Address of Principal Executive Offices) (Zip Code) ( 713 ) 332-7001 Registrant’s Telephone Number, Including Area Code 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 communication 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communication 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 Class A Common Stock, par value $0.0001 per share CRGY The New York Stock Exchange 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; Compensation Arrangements of Certain Officers. Appointment of Jerome D. “Joey” Hall as Chief Operating Officer On May 19, 2025, the Board of Directors (the “Board”) of Crescent Energy Company (the “Company”) appointed Mr. Jerome D. “Joey” Hall to serve as the Company’s Chief Operating Officer, effective June 2, 2025. Mr. Hall will also serve as principal operating officer of the Company. Mr. Hall, age 59, is formerly the Executive Vice President, Operations, for

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