Epsilon CEO Raleigh and CFO Bond retire; Stabell appointed CEO, Williamson CFO effective July 1

Epsilon Energy Ltd.

CEO Mike Raleigh retires June 30, 2022; Jason Stabell named CEO and director starting July 1.
CFO Lane Bond retires June 30, stays as consultant through March 31, 2023; Andrew Williamson appointed CFO July 1.
Stabell receives $300k salary, $200k target bonus, $600k RSUs vesting over 4 years; Williamson gets $230k salary, $150k target bonus, $250k RSUs.
Raleigh gets $150k salary continuation, $330k lump sum in lieu of 2021 equity; Bond receives $37,500 payment and equity acceleration.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael Raleigh

Chief Executive Officer

EPSN · Epsilon Energy Ltd.

Effective: 2022-06-30
Successor: Jason Stabell
Filed: June 24, 2022, 7:59 PM ET

the Company announced that Michael Raleigh will be retiring from his positions as Chief Executive Officer (“CEO”) and as a member of the Board of Directors of the Company (the “Board”), effective as of June 30, 2022.

Appointed

Jason Stabell

Chief Executive Officer

EPSN · Epsilon Energy Ltd.

Effective: 2022-07-01
Filed: June 24, 2022, 7:59 PM ET

The Board appointed Jason Stabell to serve as CEO of the Company and as a member of the Board beginning on July 1, 2022 (the (“Stabell Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Raleigh departed as Chief Executive Officer at Epsilon Energy Ltd..

Action: retiring
Role: Chief Executive Officer

Exact text from the filing

the Company announced that Michael Raleigh will be retiring from his positions as Chief Executive Officer (“CEO”) and as a member of the Board of Directors of the Company (the “Board”), effective as of June 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Stabell was appointed as Chief Executive Officer at Epsilon Energy Ltd..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board appointed Jason Stabell to serve as CEO of the Company and as a member of the Board beginning on July 1, 2022 (the (“Stabell Effective Date”).

View on SEC.gov

Epsilon Energy Ltd. filing history →

Source: SEC EDGAR

accession 0001104659-22-074132

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