Business Context and Reporting Period
This Form 8-K filing by Matador Resources Company covers events occurring on January 6, 2017. The report addresses corporate governance changes specifically regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel and governance disclosures.
Material Changes
- Director Resignation: Carlos M. Sepulveda, Jr. resigned from the Board of Directors effective January 6, 2017, to focus on other public board commitments, including serving as chairman of one public company and lead independent director of another.
- Committee Roles: Prior to his resignation, Mr. Sepulveda served on the audit, nominating, and executive committees.
- Committee Appointment: William M. Byerley, formerly an oil and gas assurance partner with PricewaterhouseCoopers (PwC), was appointed as chairman of the audit committee on January 6, 2017.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the composition of the Board of Directors following the resignation of Carlos M. Sepulveda, Jr.
- Confirm the background and qualifications of the new audit committee chairman, William M. Byerley.
- Review subsequent filings to ensure the audit committee remains fully staffed and compliant with independence requirements.