Business Context and Reporting Period
This Form 8-K Current Report is filed by California Resources Corporation (CRC) for the reporting period of March 16, 2026. The filing primarily addresses changes in the Company's principal accounting officers following the December 2025 merger with Berry Corporation.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel appointments and departures rather than financial performance data.
Material Changes
- Appointment: Michael Helm has been appointed as Vice President – Finance and Controller, serving as the Company's principal accounting officer effective March 16, 2026.
- Departure: Noelle Repetti, Senior Vice President and Controller, is retiring effective March 16, 2026, after more than 11 years of service.
- Context: Mr. Helm previously served as Vice President – Finance, Oil and Gas following the merger with Berry Corporation and held prior roles as Berry's Chief Accounting Officer and CRC's Vice President and Corporate Controller.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or management commentary on future operations. Regarding risks and contingencies, the Company confirmed that Ms. Repetti's departure did not result from any dispute or disagreement concerning operations, financial statements, internal controls, or policies. An Indemnification Agreement has been executed with Mr. Helm to protect against liabilities arising from his service.
Investor Verification Checklist
- Verify the effective date of the leadership transition (March 16, 2026).
- Confirm the terms of the Indemnification Agreement filed as Exhibit 10.1.
- Review the Company's subsequent filings for any impact on internal controls or financial reporting processes following the controller transition.
- Note that no financial performance data is included in this specific filing.