Business Context and Reporting Period
This Form 8-K filing by Matador Resources Company (MTDR) was submitted on January 10, 2022. The report discloses significant changes to the company's executive leadership structure, effective March 31, 2022.
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
The primary material change reported is the departure of two senior executives and the appointment of their successors:
- Matthew V. Hairford will retire as President and transition to Special Advisor to the Board and Executive Committee.
- David E. Lancaster will retire as Executive Vice President and Chief Financial Officer and transition to Special Advisor to the Board and Executive Committee.
- Billy E. Goodwin (current EVP and COO) is appointed President – Operations.
- Van H. Singleton, II (current EVP of Land) is appointed President – Land, A&D and Planning.
- Michael D. Frenzel (current SVP and Treasurer) is appointed Principal Financial Officer.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, outlook, or specific risk factors. The leadership transition is presented as a planned succession event with retiring officers moving into advisory roles to ensure continuity.
Investor Verification Checklist
- Verify the effective date of the leadership transition (March 31, 2022).
- Review the Definitive Proxy Statement (Schedule 14A) filed on April 22, 2021, for biographical details on the new appointees.
- Confirm the specific scope of the "Special Advisor" roles for the retiring executives.
- Monitor subsequent filings for any impact on operational strategy or financial reporting due to the CFO transition.