---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-049807"
form_type: "8-K"
ticker: "WTI"
cik: "0001288403"
company_name: "W&T OFFSHORE INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:58:22.201926+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# W&T Offshore adopts change-in-control severance plan, new CEO agreement

## Summary
- Adopted severance plan: eligible execs (Williford, Curth) get 2x base + target bonus on qualifying termination within 1 yr of change in control.
- New employment agreement with CEO Krohn: base $800k, target bonus 100%, one-year renewable term, severance 3x base + bonus for without-cause/good-reason.
- Covenants: perpetual confidentiality, 15-month non-compete, non-solicitation, perpetual mutual non-disparagement.
- Board approved fourth amended bylaws with enhanced procedural mechanics for stockholder nominations.
- CEO severance includes COBRA health coverage for 24 months and equity acceleration at target performance.

## SEC filing metadata
- accession: 0001104659-23-049807
- form_type: 8-K
- ticker: WTI
- cik: 0001288403
- company_name: W&T OFFSHORE INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1288403/000110465923049807/0001104659-23-049807-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1288403/000110465923049807/tm2313484d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-049807
- JSON: https://secwatch.observer/filing/0001104659-23-049807.json
- Plain text: https://secwatch.observer/filing/0001104659-23-049807.txt

## Key facts
- Governance Changes
  W&T OFFSHORE INC: Board approved and adopted fourth amended and restated bylaws to enhance procedural mechanics and disclosure requirements for stockholder nominations and proposals, effective immediately (effective 2023-04-20).
  - Change: bylaw amendment
  - Effective: 2023-04-20
  source text: On April 20, 2023, the Board unanimously approved and adopted the fourth amended and restated bylaws (the “Amended and Restated Bylaws”) to, among other things, enhance procedural mechanics and disclosure requirements in connection with stockholder nominations of directors and submissions of proposals regarding other business at stockholder meetings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1288403/000110465923049807/0001104659-23-049807-index.htm

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