Business Context and Reporting Period
This Form 8-K is a current report filed by Contura Energy, Inc. (not Alpha Metallurgical Resources, Inc., as indicated in the metadata) on April 9, 2019. The filing addresses a corporate governance event 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 a disclosure of officer/director departure and contains no financial data.
Material Changes
Director Departure: David J. Stetson, a director since November 2018, advised the Company on April 9, 2019, that he will not stand for re-election at the upcoming Annual Meeting of Stockholders scheduled for May 1, 2019.
- Reason: Mr. Stetson's decision is due to his wish to pursue other business opportunities and is not related to any disagreement with the Company.
- Current Status: He will continue to serve on the board until the expiration of his term at the Annual Meeting.
Guidance, Outlook, and Management Commentary
Board Action: The Board of Directors has not yet determined whether to reduce the number of directors to be elected, choose a substitute nominee, or take no action. If no action is taken, votes cast regarding Mr. Stetson's election will be void.
Risks and Contingencies: No specific financial risks or contingencies are disclosed in this filing.
Key Facts for Investor Verification
- Verify the Company name is Contura Energy, Inc., not Alpha Metallurgical Resources, Inc.
- Confirm the date of the Annual Meeting of Stockholders (May 1, 2019).
- Monitor future filings for the Board's decision on whether to nominate a replacement for David J. Stetson.
- Note that this filing contains no financial performance data.