W&T Offshore, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by W&T Offshore, Inc. on September 18, 2015. The report discloses a material change in the Company's executive leadership structure effective on the date of the report.
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 does not contain financial performance data.
Material Changes
- Resignation: Karen S. Acree resigned from her positions as Vice President, Controller, and Chief Accounting Officer effective September 18, 2015.
- Reason for Departure: Ms. Acree is resigning to pursue other interests. The filing explicitly states the resignation did not result from any disagreement with the Company regarding operations, policies, or practices.
- Succession: John D. Gibbons, Senior Vice President and Chief Financial Officer, has reassumed the role of principal accounting officer.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, or management commentary regarding future financial performance. No new risks, contingencies, or unusual items were disclosed in this report.
Key Facts for Investor Verification
- Verify the effective date of the Controller's resignation (September 18, 2015).
- Confirm that John D. Gibbons is now serving as the principal accounting officer.
- Note that the departure was amicable and unrelated to operational disagreements.
- Refer to the Definitive Proxy Statement (filed March 24, 2015) and Annual Report on Form 10-K (filed March 6, 2015) for Mr. Gibbons' full biography and compensation details.