---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-003344"
form_type: "8-K"
ticker: "EXE"
cik: "0000895126"
company_name: "EXPAND ENERGY Corp"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:45:51.218609+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Energy to acquire Southwestern Energy in stock merger; exchange ratio set at 0.0867 CHK shares per SWN share

## Summary
- Each Southwestern share converts into 0.0867 shares of Chesapeake common stock; no fractional shares, cash in lieu.
- Merger requires stockholder approvals from both companies, HSR waiting period, and effectiveness of Form S-4 registration.
- At closing, four Southwestern board members will join Chesapeake's board; Chesapeake will change its name and ticker in consultation with Southwestern.
- Chesapeake exec severance plan amended: merger treated as Change in Control; 2024 LTIP awards may vest after termination without cause or for good reason.

## SEC filing metadata
- accession: 0001104659-24-003344
- form_type: 8-K
- ticker: EXE
- cik: 0000895126
- company_name: EXPAND ENERGY Corp
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895126/000110465924003344/0001104659-24-003344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895126/000110465924003344/tm243107d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-003344
- JSON: https://secwatch.observer/filing/0001104659-24-003344.json
- Plain text: https://secwatch.observer/filing/0001104659-24-003344.txt

## Key facts
- Material Agreements
  EXPAND ENERGY Corp entered into Agreement and Plan of Merger with Southwestern Energy Company (effective 2024-01-10).
  - Action: entry
  - Agreement: merger
  - Counterparty: Southwestern Energy Company
  - Effective: 2024-01-10
  source text: On January 10 , 2024, Chesapeake Energy Corporation (“Chesapeake”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Southwestern Energy Company (“Southwestern”), Hulk Merger Sub, Inc., a newly formed, wholly owned subsidiary of the Chesapeake (“Merger Sub Inc”), and Hulk LLC Sub, LLC, a newly formed, wholly owned subsidiary of Chesapeake (“Merger Sub LLC”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/895126/000110465924003344/0001104659-24-003344-index.htm

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