Business Context and Reporting Period
This Form 8-K Current Report was filed by Amplify Energy Corp. on February 9, 2023. The report discloses 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 exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The primary material change disclosed is the appointment of James E. Craddock to the Board of Directors, effective immediately on February 9, 2023. Mr. Craddock has also been appointed to the nominating and governance committee.
Guidance, Outlook, and Management Commentary
- Compensation: Mr. Craddock will receive the standard annual cash and equity compensation paid to all non-employee directors, along with reimbursement for out-of-pocket expenses related to Board and committee meetings.
- Indemnification: Mr. Craddock entered into an indemnification agreement substantially similar to those held by other executive officers and directors.
- Related Transactions: The Company is not aware of any transaction in which Mr. Craddock has an interest requiring disclosure under Item 404(a) of Regulation S-K.
- Regulation FD: The Company issued a press release on the same date announcing these events.
Investor Verification Checklist
- Verify the biographical background and qualifications of the newly appointed director, James E. Craddock.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Confirm the composition of the nominating and governance committee following this appointment.
- Note that this filing contains no financial updates; refer to the most recent 10-Q or 10-K for financial metrics.