Business Context and Reporting Period
This Form 8-K Current Report was filed by Amplify Energy Corp. on February 10, 2021. The report discloses corporate governance changes, specifically the appointment of a new director to the Board of Directors and the Audit Committee.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel appointments and compensation arrangements.
Material Changes
- Board Appointment: Patrice Douglas was appointed to the Board of Directors and the Audit Committee effective February 10, 2021.
- Compensation Structure: Ms. Douglas will receive an annual retainer of $200,000, paid quarterly in advance, consistent with other non-employee directors.
- Benefits: The Company reimburses out-of-pocket expenses for board meetings and provides full indemnification under Delaware law.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It references a press release (Exhibit 99.1) regarding the appointment but does not include operational forecasts.
Investor Verification Checklist
- Verify the background and qualifications of the newly appointed director, Patrice Douglas.
- Confirm the total number of board seats and the composition of the Audit Committee following this appointment.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the appointment.