---
schema_version: "secwatch.filing_event.v1"
accession: "0001001614-21-000007"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2021-09-03T23:59:59+00:00"
generated_at: "2026-06-29T05:42:44.454189+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Riley Exploration Permian announces CFO resignation, appoints new CFO, CAO, and director

## Summary
- CFO Michael Rugen resigned effective Sept 1, 2021; receives $137,500 severance, accelerated vesting of 10,788 restricted shares, and 6 months COBRA.
- Philip Riley appointed as CFO; served as EVP-Strategy since March 2021; 20+ yrs energy experience.
- Amber Bonney named Chief Accounting Officer; base salary $250k, bonus target 50%, equity target 100% of base.
- Beth di Santo appointed to board; outside counsel; her firm received $634,721 in legal fees in FY2020 and $400,465 through Q3 FY2021.

## SEC filing metadata
- accession: 0001001614-21-000007
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2021-09-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000100161421000007/0001001614-21-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000100161421000007/repx-20210831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001614-21-000007
- JSON: https://secwatch.observer/filing/0001001614-21-000007.json
- Plain text: https://secwatch.observer/filing/0001001614-21-000007.txt

## Key facts
- Executive change
  Philip Riley was appointed as Chief Financial Officer at Riley Exploration Permian, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective as of September 1, 2021, Mr. Philip Riley was appointed as Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161421000007/0001001614-21-000007-index.htm
- Executive change
  Michael J. Rugen resigned as Chief Financial Officer at Riley Exploration Permian, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Effective as of September 1, 2021 (the “Separation Date”), Mr. Michael J. Rugen has resigned as Chief Financial Officer and as a director of Riley Exploration Permian, Inc. (the "Company").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161421000007/0001001614-21-000007-index.htm
- Executive change
  Michael J. Rugen resigned as Director at Riley Exploration Permian, Inc..
  - Action: resigned
  - Role: Director
  source text: Effective as of September 1, 2021 (the “Separation Date”), Mr. Michael J. Rugen has resigned as Chief Financial Officer and as a director of Riley Exploration Permian, Inc. (the "Company").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000100161421000007/0001001614-21-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.