UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
November 9, 2017 (November 9, 2017)
RANGE RESOURCES CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware |
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001-12209 |
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34-1312571 |
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(State or other jurisdiction of |
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(Commission |
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(IRS Employer |
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100 Throckmorton, Suite 1200 Ft. Worth, Texas |
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76102 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (817) 870-2601
(Former name or former address, if changed since last report): Not applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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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Emerging Growth Company |
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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. |
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 9, 2017, Range Resources Corporation (the “Company” or “Range”) issued a press release announcing Roger S. Manny’s plans to retire as Chief Financial Officer (“CFO”) of the Company as of the 2018 annual stockholders meeting (scheduled for May 16, 2018). Under a management succession plan and transition process approved by the Board of Directors, Mark Scucchi, who currently serves as Vice President – Finance & Treasurer, is expected to be appointed CFO upon Mr. Manny’s retirement.
Mr. Scucchi joined Range in 2008 where he has served as Director and currently as Vice President – Finance & Treasurer. Prior to joining Range, he worked for JP Morgan Securities Inc. and Ernst and Young LLP. Mr. Scucchi earned a Bachelor of Science in Business Administration from Georgetown University and a Master of Science in Accountancy from the University of Notre Dame.
There are no arrangements or understandings between Mr. Scucchi and any other person pursuant to which he expects to be appointed as CFO. There is no family relationship between Mr. Scucchi and any director, executive officer or person nominated or chosen by our Company to become a director or executive officer of our Company. Range has not entered into any transaction with Mr. Scucchi that would require disclosure pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this item by reference.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits:
99.1 Press Release dated November 9, 2017
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.
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RANGE RESOURCES CORPORATION |
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By: |
/s/ David P. Poole |
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David P. Poole |
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Senior Vice President-General Counsel and Corporate Secretary |
Date: November 9, 2017
EXHIBIT 99.1
NEWS RELEASE
RANGE ANNOUNCES PLANNED RETIREMENT OF EXECUTIVE VICE PRESIDENT AND CFO
ROGER S. MANNY AND PROMOTION OF MARK S. SCUCCHI TO SENIOR VICE PRESIDENT AND CFO
FORT WORTH, TEXAS, November 9, 2017 – RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that Roger S. Manny, the Company’s Chief Financial Officer, plans to retire on May 16, 2018 after the Company’s 2018 Annual Stockholder Meeting. On that same date, the Company plans to appoint Mark S. Scucchi, currently Vice President – Finance & Treasurer to the position of Senior Vice President – Chief Financial Officer.
Jeff Ventura, Chairman and CEO, commented, “Since joining Range in 2003, Roger has been an invaluable part of the senior management team. His professionalism and dedication have played a large part in the Company’s many successes over the last 14 years.” Mr. Ventura also praised Mr. Manny’s planning for succession and the Board’s selection of Mr. Scucchi as the next CFO, “Among Roger’s contributions to the organization has been his leadership in cultivating talent. In planning for succession, he has done a great job recruiting and developing strong, talented individuals and providing them the opportunity to show their strengths and distinct abilities. There is no better example than Mark Scucchi, who will assume the position of CFO upon Roger’s retirement. Mark possesses a keen intellect and deep experience in critical disciplines. In addition to his expertise and judgment demonstrated since he joined Range, his prior work in banking and public accounting give me great confidence in his ability to step into the role of CFO and be effective from day one.”
Mr. Manny commented, “It has been a very high honor to serve the shareholders of Range, alongside the Board of Directors and approximately 760 fellow employees, for the past fourteen years. Proper succession planning culminates in the orderly passing of the baton to the next leader. Mark is that leader, and that time is now. Mark is an extremely talented finance and accounting professional; I am proud to have him succeed me as CFO at Range. I will enjoy working closely with Mark and the rest of the team over the next few months to ensure a seamless transition and I know I will be leaving the Company and the CFO role in great hands.”
Mark Scucchi joined Range in 2008, with responsibilities including corporate finance, treasury, and planning. Prior to joining Range, he worked for JPMorgan Securities Inc. providing commercial and investment banking services to small and mid-cap technology companies. Prior to JPMorgan, Mark spent a number of years at Ernst & Young LLP in the audit practice serving clients in the upstream oil & gas and utility sectors, among others. He earned a Bachelor of Science in Business Administration from Georgetown University and a Master of Science in Accountancy from the University of Notre Dame. Mark is a CFA charterholder and a CPA licensed in the state of Texas.
RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas, NGLs and oil producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.
2017-14
SOURCE: Range Resources Corporation
Range Investor Contact:
Laith Sando, Vice President – Investor Relations
817-869-4267
lsando@rangeresources.com
or
Range Media Contact:
Michael Mackin, Director of External Affairs
724-743-6776
mmackin@rangeresources.com
www.rangeresources.com