secwatch.observer — SEC 8-K summary
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Issuer:     SM Energy Co (SM)
CIK:        0000893538
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001104659-26-006608
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

SM Energy names new CEO and board slate contingent on Civitas merger close
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- Four directors (Bailo, Powers, Sullivan, Vogel) resign effective at closing of First Merger; no disagreement cited.
- Board expands to 11; appoints McDonald, Clark, Fox, Helms, van Kempen and Willard as new directors.
- Elizabeth McDonald appointed President and CEO ($900k base, 120% STI, $5.3M LTI) effective closing of Second Merger.
- Blake McKenna appointed EVP and COO ($550k base, 100% STI, $2.2M LTI) upon closing of Second Merger.
- Audit, Compensation and Governance committees reconstituted with new chairs; Executive Committee dissolved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/893538/000110465926006608/0001104659-26-006608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/893538/000110465926006608/tm263440d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-006608

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