Business Context and Reporting Period
This Form 8-K filing by Black Stone Minerals, L.P. (BSM) reports a change in senior management effective May 30, 2024, with the report dated June 3, 2024. The filing addresses the resignation of the General Partner's Chief Accounting Officer and the appointment of a new Controller.
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
- Resignation: Dawn Smajstrla, Vice President, Chief Accounting Officer, and Treasurer of the General Partner, resigned effective May 30, 2024, to accept employment elsewhere. Her employment terminates on June 13, 2024.
- Appointment: Chris Bonner was appointed as Controller, effective upon Ms. Smajstrla's resignation.
- Compensation Adjustment: In connection with his appointment, Mr. Bonner's base pay was increased to $200,000, and his short-term bonus target was increased to $60,000.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document is limited to the disclosure of the officer's departure and appointment.
Investor Verification Checklist
- Verify the effective date of Dawn Smajstrla's departure and the transition timeline for the Controller role.
- Confirm Chris Bonner's prior tenure and specific accounting experience within the Partnership since 2018.
- Review the updated compensation structure for the Controller position ($200,000 base + $60,000 bonus target).
- Check for any subsequent filings regarding the appointment of a new Treasurer, as the departing officer held that title concurrently.