--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-104962" form_type: "8-K" ticker: null cik: "0000007332" company_name: "SOUTHWESTERN ENERGY CO" filed_at: "2024-10-01T23:59:59+00:00" generated_at: "2026-05-31T00:08:45.126085+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Chesapeake and Southwestern complete merger, rebrand as Expand Energy (EXE); SWN delisted ## Summary - Merged company rebranded as Expand Energy; stock begins trading as EXE on Nasdaq Oct 2. - Each SWN share converted into 0.0867 CHK shares; SWN delisted from NYSE. - Former SWN CEO William Way and others receive severance of 2.99x base + bonus, plus full equity vesting. - Four former SWN directors (Kehr, Gass, Konar, Johnson IV) appointed to Expand Energy board. - Expand Energy to report Q3 2024 results Oct 29; conference call Oct 30. ## SEC filing metadata - accession: 0001104659-24-104962 - form_type: 8-K - cik: 0000007332 - company_name: SOUTHWESTERN ENERGY CO - filed_at: 2024-10-01T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/tm2425085d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-104962 - JSON: https://secwatch.observer/filing/0001104659-24-104962.json - Plain text: https://secwatch.observer/filing/0001104659-24-104962.txt ## Key facts - Executive change John P. Kelly departed as other_named_officer at SOUTHWESTERN ENERGY CO. - Action: ceased serving source text: 2.0 (for John P. Kelly and Colin P. O’Beirne) evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Chris Lacy departed as Senior Vice President, General Counsel and Secretary at SOUTHWESTERN ENERGY CO. - Action: ceased serving - Role: Senior Vice President, General Counsel and Secretary source text: Chris Lacy, who was Senior Vice President, General Counsel and Secretary of Southwestern prior to the Effective Time, was appointed as Chesapeake’s Executive Vice President, General Counsel and Corporate Secretary, as of the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change William J. Way departed as other_named_officer at SOUTHWESTERN ENERGY CO. - Action: ceased serving source text: 2.99 (for William J. Way, Carl F. Giesler, Jr. and Clayton A. Carrell) evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Colin P. O'Beirne departed as other_named_officer at SOUTHWESTERN ENERGY CO. - Action: ceased serving source text: 2.0 (for John P. Kelly and Colin P. O’Beirne) evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Clayton A. Carrell departed as other_named_officer at SOUTHWESTERN ENERGY CO. - Action: ceased serving source text: 2.99 (for William J. Way, Carl F. Giesler, Jr. and Clayton A. Carrell) evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change S. P. 'Chip' Johnson IV departed as Director at SOUTHWESTERN ENERGY CO. - Action: ceased serving - Role: Director source text: all of the directors and officers of Southwestern, other than the General Counsel, ceased serving in such capacities, immediately prior to the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Carl F. Giesler, Jr. departed as other_named_officer at SOUTHWESTERN ENERGY CO. - Action: ceased serving source text: 2.99 (for William J. Way, Carl F. Giesler, Jr. and Clayton A. Carrell) evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Shameek Konar departed as Director at SOUTHWESTERN ENERGY CO. - Action: ceased serving - Role: Director source text: all of the directors and officers of Southwestern, other than the General Counsel, ceased serving in such capacities, immediately prior to the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change John D. Gass departed as Director at SOUTHWESTERN ENERGY CO. - Action: ceased serving - Role: Director source text: all of the directors and officers of Southwestern, other than the General Counsel, ceased serving in such capacities, immediately prior to the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - Executive change Catherine A. Kehr departed as Director at SOUTHWESTERN ENERGY CO. - Action: ceased serving - Role: Director source text: all of the directors and officers of Southwestern, other than the General Counsel, ceased serving in such capacities, immediately prior to the Effective Time. evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm - M&A Transactions SOUTHWESTERN ENERGY CO underwent a change of control involving Chesapeake Energy Corporation for 0.0867 shares of Chesapeake Common Stock per share of Southwestern Common Stock (closed 2024-10-01). - Action: change of control - Counterparty: Chesapeake Energy Corporation - Consideration: 0.0867 shares of Chesapeake Common Stock per share of Southwestern Common Stock - Closing: 2024-10-01 source text: par value $0.01 per share (the “ Southwestern Common Stock ”) issued and outstanding immediately prior to the Effective Time was converted automatically into the right to receive 0.0867 (the “ Exchange Ratio ”) shares of Chesapeake Common Stock, with cash paid in lieu of the issuance of any fractional shares, in each case, as provided in the Merger Agreement. In evidence_url: https://www.sec.gov/Archives/edgar/data/7332/000110465924104962/0001104659-24-104962-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.