Business Context and Reporting Period
This Form 8-K was filed by Midstates Petroleum Company, Inc. on November 17, 2015. The report addresses corporate governance changes regarding the Board of Directors. Note: The input metadata references "Amplify Energy Corp.", but the filing text explicitly identifies the registrant as Midstates Petroleum Company, Inc.
Key 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 Item 5.02 regarding officer departures and appointments.
Material Changes
- Resignation of Chairman: Thomas C. Knudson resigned as Chairman of the Board effective immediately on November 17, 2015.
- Board Retirement: Mr. Knudson will not stand for re-election at the 2016 Annual Meeting and will retire as a Director on May 1, 2016.
- Reason for Departure: The resignation was not the result of any disagreement with the Company regarding operations, policies, or practices.
- Committee Role: Mr. Knudson will continue to serve as Chairman of the Nominating and Governance Committee.
- Appointment: The Board unanimously appointed Bruce Stover as the new Chairman of the Board.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The departure is characterized as a planned retirement rather than an unusual or adverse event.
Investor Verification Checklist
- Confirm the effective date of Bruce Stover's tenure as Chairman.
- Verify the composition of the Board following the May 1, 2016 retirement of Thomas C. Knudson.
- Review the Company's 2016 Proxy Statement for details on the upcoming Annual Meeting and director nominations.