---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-028430"
form_type: "8-K"
ticker: "AMPY"
cik: "0001533924"
company_name: "Amplify Energy Corp."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:05:38.197432+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-028430
- form_type: 8-K
- ticker: AMPY
- cik: 0001533924
- company_name: Amplify Energy Corp.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1533924/000110465923028430/0001104659-23-028430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1533924/000110465923028430/tm238455d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-028430
- JSON: https://secwatch.observer/filing/0001104659-23-028430.json
- Plain text: https://secwatch.observer/filing/0001104659-23-028430.txt

## Key facts
- Executive change
  Jason McGlynn resigned as Chief Financial Officer at Amplify Energy Corp..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On February 27, 2023, Jason McGlynn notified the board of directors (the “Board”) of Amplify Energy Corp. (the “Company”) of his decision to resign.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000110465923028430/0001104659-23-028430-index.htm

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