Amplify Energy reaches $96.5M settlement for 2021 pipeline incident; CFO resigns

Amplify Energy Corp.

CFO Jason McGlynn resigns effective March 17, 2023, for personal reasons; 8,334 unvested RSUs to vest on separation.
Shipping companies agree to pay $96.5M for anchor strikes that damaged pipeline and caused 2021 Southern California incident.
Amplify receives net ~$85M after subrogation claims; all legal claims against vessels dismissed.
Settlement resolves Amplify's involvement in litigation related to the 2021 pipeline incident.

item 5.02 item 8.01 item 9.01

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Departed

Jason McGlynn

Chief Financial Officer

AMPY · Amplify Energy Corp.

Effective: 2023-03-17
Filed: March 3, 2023, 6:59 PM ET

On February 27, 2023, Jason McGlynn notified the board of directors (the “Board”) of Amplify Energy Corp. (the “Company”) of his decision to resign.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jason McGlynn resigned as Chief Financial Officer at Amplify Energy Corp..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On February 27, 2023, Jason McGlynn notified the board of directors (the “Board”) of Amplify Energy Corp. (the “Company”) of his decision to resign.

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Source: SEC EDGAR

accession 0001104659-23-028430

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