Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on June 5, 2021. The filing addresses a corporate governance event involving 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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the departure of Craig T. Burkert from the Board of Directors effective June 5, 2021. Mr. Burkert, who had served on the Board since 2016 and was a shareholder since 1984, notified the Company of his retirement and resignation. He will remain a member of the Shareholder Advisory Committee.
Management Commentary and Risks
Management stated that Mr. Burkert's resignation is not the result of any disagreement with the Company regarding operations, policies, or practices. The Company expressed gratitude for his contributions to the Audit, Nominating, Capital Markets and Finance, and Marketing and Midstream Committees. No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Confirm the effective date of Craig T. Burkert's resignation from the Board.
- Verify Mr. Burkert's continued role on the Shareholder Advisory Committee.
- Review the composition of the Board to identify any immediate replacements or vacancies.
- Check subsequent filings for any impact on committee assignments previously held by Mr. Burkert.