W&T Offshore, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by W&T Offshore, Inc. on August 6, 2014. The report addresses a specific corporate governance event regarding the appointment of a senior officer.
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 personnel changes and does not contain financial performance data.
Material Changes
On August 6, 2014, the Company appointed Karen S. Acree as Chief Accounting Officer. She retains her existing role as Vice President, Controller. John D. Gibbons voluntarily relinquished the Chief Accounting Officer title immediately prior to Ms. Acree's appointment but continues to serve as Senior Vice President and Chief Financial Officer.
Management Commentary and Risks
Ms. Acree brings over 35 years of public company accounting and financial reporting experience. She joined W&T in September 2007. Her prior experience includes roles at Bois d'Arc Energy, Inc. (2006-2007) and Global Santa Fe Corporation (1982-2006). The appointment is effective until a successor is appointed or until her death, resignation, or removal.
Investor Verification Points
- Confirm the effective date of Karen S. Acree's appointment as Chief Accounting Officer.
- Verify that John D. Gibbons retains his role as Senior Vice President and Chief Financial Officer.
- Review Ms. Acree's professional background for relevant industry experience.