Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on January 16, 2026. The report discloses a significant executive leadership transition involving the retirement of a senior officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to executive compensation under a new advisory agreement.
- Advisor Monthly Fee: $1,000
Material Changes
The primary material change reported is the departure of G. Gregg Krug from his role as Executive Vice President - Marketing and Midstream Strategy, effective February 28, 2026. Mr. Krug is retiring at age 65 after nearly 14 years with the company. Upon retirement, he will transition to a Special Advisor role reporting to the CEO and Executive Committee.
Outlook, Risks, and Unusual Items
Management Commentary: The Company highlighted Mr. Krug's contributions, specifically his role in building the Company's midstream business. He is expected to continue as a shareholder, advisor, and friend.
Compensatory Arrangements: An Advisor Agreement was entered into on January 21, 2026, effective February 28, 2026. The agreement includes a term expiring December 31, 2026, with provisions for month-to-month extensions. It contains confidentiality, non-competition, and non-solicitation covenants.
Risks and Contingencies: No specific financial risks or contingencies were disclosed in this filing.
Investor Verification Checklist
- Verify the effective date of the leadership transition (February 28, 2026).
- Review the full text of the Advisor Agreement (Exhibit 10.1) for details on the scope of services and extension terms.
- Monitor subsequent filings for the appointment of a permanent replacement for the Executive Vice President - Marketing and Midstream Strategy role.
- Confirm that no other financial or operational metrics were impacted by this personnel change in the current quarter.