Business Context and Reporting Period
This Form 8-K filing by Matador Resources Company (Texas) reports a corporate governance event dated December 26, 2013. The report details the appointment of a new senior financial officer and the transition of the previous principal accounting officer.
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 associated compensation arrangements.
Material Changes
The primary material change is the appointment of Sandra K. Fendley as Vice President and Chief Accounting Officer, effective December 30, 2013. Concurrently, Kathryn L. Wayne relinquished her role as principal accounting officer to continue serving as Controller.
Management Commentary and Compensation Details
Ms. Fendley was hired under a standard at-will employment agreement. Her compensation package includes:
- Restricted Stock: 5,000 shares vesting on December 30, 2016 (third anniversary).
- Stock Options: 10,000 options with an exercise price of $19.05, vesting in two equal biennial installments starting December 30, 2015.
Ms. Fendley brings prior experience as Controller for J-W Midstream and held various financial roles at Crosstex Energy from 2006 to 2013. The filing confirms no family relationships with directors or officers and no undisclosed interests in transactions.
Investor Verification Checklist
- Verify the effective date of the Chief Accounting Officer transition (December 30, 2013).
- Confirm the vesting schedule and exercise price ($19.05) of the equity awards granted to Ms. Fendley.
- Review subsequent filings to ensure the continuity of financial reporting under the new leadership.