Chesapeake Energy appoints Dell'Osso CEO, Wichterich Executive Chairman; adopts new compensation plan

EXPAND ENERGY Corp

Domenic J. Dell'Osso appointed President & CEO and board member, effective Oct 11, 2021; remains CFO until successor.
Mike Wichterich, formerly Interim CEO, becomes Executive Chairman with $650k base salary and $2M annual equity grants.
Board adopted Executive Severance Plan providing severance of 2x (Tier 1) or 1x (Tier 2/3) salary plus bonus for qualifying termination.
Compensation program: 75% of long-term incentive value linked to total shareholder returns; environmental/safety failure caps annual bonus.
Dell'Osso receives RSUs and PSUs with vesting schedules; expected $4.7M equity grant in 2022.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Domenic J. Dell'Osso, Jr.

President and Chief Executive Officer

EXE · EXPAND ENERGY Corp

Effective: 2021-10-11
Filed: October 12, 2021, 7:59 PM ET

appointed Domenic J. Dell’Osso, Jr. as President and Chief Executive Officer of the Company and as a member of the Board, effective October 11, 2021.

Role change

Michael A. Wichterich

Executive Chairman

EXE · EXPAND ENERGY Corp

Effective: 2021-10-11
Filed: October 12, 2021, 7:59 PM ET

the Board of the Company appointed Michael A. Wichterich, who resigned as Interim Chief Executive Officer upon the appointment of Mr. Dell’Osso, as Executive Chairman of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Domenic J. Dell'Osso, Jr. was appointed as President and Chief Executive Officer at EXPAND ENERGY Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed Domenic J. Dell’Osso, Jr. as President and Chief Executive Officer of the Company and as a member of the Board, effective October 11, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Wichterich was appointed as Executive Chairman at EXPAND ENERGY Corp.

Action: appointed as Executive Chairman
Role: Executive Chairman

Exact text from the filing

the Board of the Company appointed Michael A. Wichterich, who resigned as Interim Chief Executive Officer upon the appointment of Mr. Dell’Osso, as Executive Chairman of the Company.

View on SEC.gov

EXPAND ENERGY Corp filing history →

Source: SEC EDGAR

accession 0001104659-21-125057

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