Business Context and Reporting Period
This Form 8-K is a current report filed by Midstates Petroleum Company, Inc. (not Amplify Energy Corp.) on December 12, 2013, covering events occurring on December 6, 2013. The filing addresses significant changes in executive leadership and the Board of Directors.
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 and personnel changes.
Material Changes
- Resignation: Thomas L. Mitchell resigned as Executive Vice President, Chief Financial Officer (CFO), and Board member. His resignation is effective January 6, 2014, to accept a position with another company.
- Appointment: Nelson Haight was appointed as Senior Vice President and Chief Financial Officer, effective January 6, 2014. He will retain his current role as Chief Accounting Officer.
- Background: Mr. Haight, age 48, is a CPA who joined the company in August 2013 as Vice President and Chief Accounting Officer. He previously served as Vice President and Controller from December 2011 to August 2013.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding operational performance. The only noted contingency is that the Company will amend this Form 8-K to include Mr. Haight's amended compensation arrangements. The filing confirms no family relationships or reportable related person transactions exist between Mr. Haight and other directors or officers.
Investor Verification Checklist
- Verify the effective date of the CFO transition (January 6, 2014).
- Monitor for the amended Form 8-K detailing Mr. Haight's compensation package.
- Confirm the status of the Board of Directors vacancy left by Mr. Mitchell's resignation.
- Note the discrepancy between the requested company name (Amplify Energy Corp.) and the filing registrant (Midstates Petroleum Company, Inc.).