Business Context and Reporting Period
This Form 8-K is a current report filed by Midstates Petroleum Company, Inc. (not Amplify Energy Corp.) on February 16, 2016, regarding events occurring on February 15, 2016. The filing addresses corporate governance changes specifically related to 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 is strictly limited to Item 5.02 regarding personnel changes and contains no financial data.
Material Changes
On February 15, 2016, three members of the Board of Directors resigned effective immediately:
- Thomas C. Knudson
- George A. DeMontrond
- John Mogford
The Company stated that none of the resigning directors indicated their departure was due to any disagreement with the Company regarding operations, policies, or practices.
Management Commentary and Risks
Bruce Stover, Chairman of the Board, commented that the Company appreciates the hard work, leadership, wisdom, and guidance provided by the departing directors over the past years and wished them well in future endeavors. No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the current composition of the Board of Directors following these resignations.
- Confirm whether new directors were appointed to fill the vacancies in subsequent filings.
- Review the Company's most recent 10-K or 10-Q for actual financial performance data, as this 8-K contains none.