Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on April 25, 2019. The filing reports on corporate governance changes effective as of the report date, specifically the election of new officers to the Executive Committee.
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 appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the restructuring of executive roles within the Company's leadership team:
- Craig N. Adams: Elected as Executive Vice President and Chief Operating Officer—Land, Legal and Administration. Previously served as Executive Vice President—Land, Legal and Administration.
- Billy E. Goodwin: Elected as Executive Vice President and Chief Operating Officer—Drilling, Completions and Production. Previously served as Executive Vice President and Head of Operations.
Guidance, Outlook, and Management Commentary
The filing does not contain financial guidance, outlook, or management commentary regarding future performance. It notes that the Executive Committee now consists of Joseph Wm. Foran (Chairman and CEO), Matthew V. Hairford (President), David E. Lancaster (CFO), Craig N. Adams, Billy E. Goodwin, Van H. Singleton, II, Bradley M. Robinson, and G. Gregg Krug. Further details on compensation are referenced in the Proxy Statement filed on the same date.
Investor Verification Checklist
- Verify the specific compensation arrangements for the newly appointed officers in the referenced Proxy Statement.
- Confirm the effective date of the new titles for Mr. Adams and Mr. Goodwin.
- Review the Proxy Statement for any related party transactions involving the new officers.