SEC Filing Summary: Contura Energy, Inc. (Form 8-K)
Business Context and Reporting Period
This Form 8-K was filed by Contura Energy, Inc. (not Alpha Metallurgical Resources, Inc.) on December 23, 2019, reporting events occurring on December 20, 2019. The filing addresses corporate governance changes, specifically the expansion of 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 and governance matters.
Material Changes
- Board Expansion: The Board of Directors increased the number of seats from five to six.
- Director Appointment: Scott D. Vogel was appointed as a director, effective immediately.
- Committee Assignments: No determination has been made regarding Mr. Vogel's service on Board committees at this time.
Management Commentary and Risks
Mr. Vogel brings significant experience in private investment and advisory, having previously served as managing director at Davidson Kempner Capital Management and worked at MFP Investors and Chase Securities. He currently serves on the boards of Avaya, Bonanza Creek Energy, Seadrill Ltd., and American Addiction Centers, and previously served on the boards of Arch Coal and Key Energy Services. He will be compensated pursuant to the company's Non-Employee Director Compensation Policy, and a standard director and officer indemnification agreement is expected.
The filing states there are no arrangements or understandings between Mr. Vogel and other persons regarding his appointment, no family relationships with existing directors or officers, and no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the ticker symbol CTRA and confirm the registrant is Contura Energy, Inc., not Alpha Metallurgical Resources, Inc.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Monitor future filings for Mr. Vogel's specific committee assignments.
- Confirm the effective date of the Non-Employee Director Compensation Policy applicable to Mr. Vogel.