Amplify Energy Corp. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Amplify Energy Corp. (NYSE: AMPY) on April 7, 2022. The report discloses corporate governance changes effective immediately on the filing date.
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 board appointments and does not contain financial performance data.
Material Changes
The Board of Directors appointed two new members effective April 7, 2022:
- Deborah G. Adams: Appointed to the Board and the Nominating and Governance Committee.
- Eric T. Greager: Appointed to the Board and the Compensation Committee.
Both directors entered into standard indemnification agreements and will receive the standard annual cash and equity compensation paid to non-employee directors, along with reimbursement for out-of-pocket meeting expenses.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on operational outlook, or specific risk factors. The report notes that there are no undisclosed arrangements or transactions involving the new directors requiring disclosure under Item 404(a) of Regulation S-K.
Key Facts for Investor Verification
- Verify the professional backgrounds and qualifications of new directors Deborah G. Adams and Eric T. Greager.
- Confirm the specific composition of the Nominating and Governance Committee and the Compensation Committee following these appointments.
- Review the attached press release (Exhibit 99.1) for additional context on the strategic rationale for these board changes.