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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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 10, 2022, W&T Offshore, Inc. (the “Company”) announced the retirement of Stephen L. Schroeder, Senior Vice President and Chief Technical Officer, effective June 1, 2022. Huan Gamblin, who currently serves as Manager of Acquisition and Divestiture, is being promoted to Vice President of Business Development and will assume the majority of Mr. Schroeder's responsibilities.
In recognition of his dedicated contribution to, and long tenure with, the Company, the Compensation Committee has approved the vesting of all non-vested and outstanding 2021 awards granted to Mr. Schroeder pursuant to the Company’s Amended and Restated Incentive Compensation Plan (the “Plan”), as well as 114,531 restricted stock unit awards expected to be granted to Mr. Schroeder under the Plan on May 26, 2022. The discretionary acceleration of the 2021 and 2022 Plan awards is subject to his continued service until his retirement departure on June 1, 2022.
Item 7.01 | Regulation FD Disclosure |
On May 10, 2022, the Company issued a press release announcing the foregoing management changes. A copy of that press release is furnished as Exhibit 99.1 t this Current Report on Form 8-K.
Item 9.01 | Financial Statements and Exhibits. |
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99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
W&T OFFSHORE, INC. (Registrant) | ||
Dated: May 16, 2022 | By: | /s/ Janet Yang |
Name: | Janet Yang | |
Title: | Executive Vice President and Chief Financial Officer | |