Business Context and Reporting Period
This Form 8-K is a current report filed by Halcón Resources Corporation (not Battalion Oil Corp) on February 8, 2019. The filing addresses a corporate governance event regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and contains no financial performance data.
Material Changes
The material change reported is the resignation of Mr. Thomas R. Fuller, a member of the Board of Directors. Key details include:
- Effective Date: February 25, 2019.
- Roles Affected: Director, Chairman of the Reserves Committee, and member of the Audit Committee.
- Reason: Personal reasons; explicitly stated as not resulting from any disagreement with the Company regarding operations, policies, or practices.
Outlook and Management Commentary
Management commentary indicates the following actions regarding the vacancy:
- The Board has not yet decided whether to fill the vacant director position.
- An existing director is expected to be appointed to the Audit Committee.
- A new Chairman is expected to be elected by the Reserves Committee before Mr. Fuller's resignation becomes effective.
No guidance, risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the appointment of a new Chairman for the Reserves Committee.
- Confirm the selection of an existing director to join the Audit Committee.
- Monitor future filings to determine if the Board intends to fill the vacant director seat.