UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On April 7, 2022, the board of directors (the “Board”) of Amplify Energy Corp. (the “Company”) appointed Deborah G. Adams and Eric T. Greager to the Board, effective immediately. Ms. Adams has also been appointed to the nominating and governance committee of the Board, and Mr. Greager has also been appointed to the compensation committee of the Board.
There is no arrangement or understanding between each of Ms. Adams and Mr. Greager and any other persons pursuant to which each was selected as a director of the Company. The Company is not aware of any transaction in which either Ms. Adams or Mr. Greager has an interest requiring disclosure under Item 404(a) of Regulation S-K.
Ms. Adams and Mr. Greager will be entitled to receive the standard annual cash and equity compensation paid to all non-employee directors of the Company. Non-employee directors are also reimbursed for all out-of-pocket expenses in connection with attending meetings of the Board and its committees.
Additionally, each director entered into an indemnification agreement substantially similar to the indemnification agreements that have been entered into with each of the other executive officers and directors of the Company.
Item 7.01. | Regulation FD Disclosure. |
On April 7, 2022, the Company issued a press release announcing the events described in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit 99.1.
The information contained in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit Number |
Description | |
99.1 | Press Release dated April 7, 2022. | |
104 | Cover Page Interactive Data File |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 7, 2022 | AMPLIFY ENERGY CORP. | ||
By: | /s/ Martyn Willsher | ||
Name: | Martyn Willsher | ||
Title: | President and Chief Executive Officer |
Exhibit 99.1
Amplify Energy Appoints Two New Independent Directors
HOUSTON, April 7, 2022 – Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced the appointment today of Deborah (“Debbie”) G. Adams and Eric T. Greager to the Amplify Board of Directors (“Board”). Ms. Adams and Mr. Greager join the Board following a comprehensive process, conducted with the assistance of a nationally recognized board recruitment firm, to complement the Board’s existing credentials and qualifications.
Ms. Adams was most recently the Senior Vice President of Health, Safety, and Environmental (“HSE”), Projects and Procurement at Phillips 66, where she oversaw all regulatory affairs and processes.
Mr. Greager is the former President, Chief Executive Officer, and Executive Director of Civitas Resources, Inc., and was the Vice President and General Manager at Encana Oil and Gas.
“We are delighted to have Debbie and Eric, two proven leaders and experienced directors in the oil and gas industry, join the Board,” commented Chris Hamm, Amplify’s Chairman. “These appointments will serve Amplify and its shareholders extremely well in the years to come.”
Ms. Adams will serve on the Nominating and Governance Committee and Mr. Greager will serve on the Compensation Committee.
With these appointments, the Board will be comprised of seven directors, six of whom are independent. Collectively, the directors have broad experience in the oil and gas industry, HSE, regulatory affairs, environmental stewardship, risk management, capital markets, mergers and acquisitions, commodity hedging and law. In addition, one of our directors is a direct representative of our largest shareholder, Avenue Capital Group.
About Deborah Adams
Ms. Adams has over 35 years of energy industry experience, as a leader with particular focus on health, safety, and sustainability, project management, procurement, and transportation. Prior to retirement, Ms. Adams served as Senior Vice President of Health, Safety, and Environmental, Projects and Procurement at Phillips 66 from June 2014 to October 2016. In this role, Ms. Adams oversaw all regulatory affairs and processes, reported directly to the Company’s CEO, and regularly presented to the Board of Directors. She was responsible for improved safety performance across the entire company along with overseeing a number of new facilities projects worth over a billion dollars, all completed on budget and on time. Prior to this role, Ms. Adams held roles of increasing responsibility, including President Transportation and Chief Procurement Officer, at Phillips 66 and predecessor companies since 1983. Ms. Adams currently serves on the board of directors of EnLink Midstream (NYSE:ENLC) and MRC Global (NYSE:MRC) and previously served on the board of directors of Gulfport Energy (NYSE:GPOR). She also currently serves on the board of directors of Austin Industries, a privately-held, employee-owned construction company. Ms. Adams previously served her alma mater, Oklahoma State University, as a member of the foundation board of trustees. Ms. Adams also serves as a member of the Advisory Board for the TriCities Chapter of the National Association of Corporate Directors (“NACD”). Ms. Adams holds a Bachelor of Science in Chemical Engineering from Oklahoma State University.
About Eric Greager
Mr. Greager is an accomplished energy industry executive with nearly 30 years of operational experience. He is the former President, Chief Executive Officer, and Executive Director of Civitas Resources, Inc. (NYSE:CIVI) (formerly Bonanza Creek Energy, Inc.), a position he held from 2018 to 2022. Prior to joining Bonanza Creek / Civitas, Mr. Greager was a Vice President and General Manager at Encana Oil and Gas. At Encana, which he joined in 2006, he served in various management and executive positions. Prior to Encana, Mr. Greager spent two years at Dominion Resources and over eleven years at Helmerich & Payne, Inc. He has previously served as a board member at Encana Procurement Inc., Encana Oil & Gas (USA) Inc., Western Energy Alliance, Colorado Oil and Gas Association, Hunter Ridge Energy Services and the Texas Parks and Wildlife Foundation. Mr. Greager holds a Master’s degree in Economics from the University of Oklahoma, a Bachelor of Science in Engineering from the Colorado School of Mines, and is a licensed professional engineer.
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas / North Louisiana, and the Eagle Ford. For more information, visit www.amplifyenergy.com.
Investor Relations Contacts
Jason McGlynn – Chief Financial Officer
(832) 219-9055
jason.mcglynn@amplifyenergy.com
Cover |
Apr. 07, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 07, 2022 |
Entity File Number | 001-35512 |
Entity Registrant Name | AMPLIFY ENERGY CORP. |
Entity Central Index Key | 0001533924 |
Entity Tax Identification Number | 82-1326219 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 500 Dallas Street |
Entity Address, Address Line Two | Suite 1700 |
Entity Address, City or Town | Houston |
Entity Address, State or Province | TX |
Entity Address, Postal Zip Code | 77002 |
City Area Code | 713 |
Local Phone Number | 490-8900 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock |
Trading Symbol | AMPY |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
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