secwatch.observer — SEC 8-K summary
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Issuer:     EMPIRE PETROLEUM CORP (EP)
CIK:        0000887396
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001072613-23-000257
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Empire Petroleum CEO Thomas Pritchard resigns; President Michael Morrisett appointed as CEO
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- Thomas W. Pritchard resigned as CEO and director effective March 16, 2023 to pursue other opportunities.
- Company will pay Pritchard $361,053.40 lump sum severance and extend option exercise to Sep 16, 2024.
- Michael R. Morrisett (President and CFO) appointed CEO on March 17, 2023 with no additional compensation.
- Severance payment condition: Pritchard must not revoke his release by March 23, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000257/0001072613-23-000257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887396/000107261323000257/emp_8k-18701.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000257

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