Business Context and Reporting Period
This Form 8-K Current Report was filed by Matador Resources Company on January 26, 2018. The filing primarily addresses corporate governance changes, specifically the appointment of a new director 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 focuses on personnel changes rather than financial performance data.
Material Changes
The material change reported is the appointment of Timothy E. Parker as a director by the Board of Directors on January 26, 2018. Mr. Parker, a retired Portfolio Manager and Analyst from T. Rowe Price & Associates with extensive experience in natural resources and energy sectors, was appointed to serve until the 2018 Annual Meeting of Shareholders.
Guidance, Outlook, and Management Commentary
- Committee Assignments: The Board expects to appoint Mr. Parker to the Audit, Prospect and Strategic Planning, and Compensation Committees.
- Compensation: Mr. Parker will be compensated according to the existing director compensation program detailed in the Company's 2017 Proxy Statement.
- Regulatory Disclosure: A press release regarding this appointment was issued on January 29, 2018, and is included as Exhibit 99.1.
- Risks and Contingencies: No specific risks, contingencies, or unusual items were disclosed in this filing.
Investor Verification Checklist
- Verify the full text of the press release dated January 29, 2018 (Exhibit 99.1) for additional context on the appointment.
- Review the Director Compensation section of the 2017 Proxy Statement to understand the specific compensation structure for Mr. Parker.
- Confirm the final committee assignments for Mr. Parker at the next Board meeting or subsequent filing.