SEC Filing Summary: Tengasco, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Tengasco, Inc. on March 27, 2007. The report discloses changes to the Company's Board of Directors and Audit Committee. Note: The request metadata referenced "Riley Exploration Permian, Inc.", but the source filing text explicitly identifies the registrant as Tengasco, Inc.
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 corporate governance changes.
Material Changes
- Resignation: Clarke H. Bailey resigned as a Director effective March 27, 2007, for personal reasons. Mr. Bailey served as Chairman of the Audit Committee and was the designated financial expert.
- Election and Appointment: Matthew K. Behrent was elected to the Board of Directors on March 27, 2007. He was appointed to replace Mr. Bailey as Chairman of the Audit Committee and the designated financial expert.
Management Commentary and Background
Matthew K. Behrent, age 36, brings experience in technology and finance. His background includes:
- Senior Vice President and Chief Acquisitions Officer at Glenayre Technologies, Inc. (since June 2005).
- Investment banking roles at Revolution Partners (Vice President) and Credit Suisse First Boston (Associate).
- Legal practice at Cleary, Gottlieb, Steen & Hamilton.
- Education: J.D. from Stanford Law School (1997) and B.A. from Hampshire College (1992).
Investor Verification Checklist
- Verify the identity of the registrant (Tengasco, Inc.) versus the metadata request (Riley Exploration Permian, Inc.).
- Confirm the effective date of the Board changes (March 27, 2007).
- Review the qualifications of the new financial expert, Matthew K. Behrent, for Audit Committee compliance.
- Check for any subsequent filings regarding the resignation of Clarke H. Bailey.