Coterra Energy Inc. (CTRA): M&A transaction — Coterra Energy completes merger with Devon; shares converted at 0.70x ratio

Coterra Energy Inc.

Merger closed May 7, 2026; each CTRA share converted into 0.70 shares of Devon common stock.
CTRA common stock delisted from NYSE; ceased trading prior to market open on May 7.
Coterra board and officers resigned; CEO Thomas E. Jorden terminated, receiving severance per agreement.
Coterra became a wholly-owned subsidiary of Devon; change in control occurred.
Coterra's credit agreement terminated and all outstanding obligations paid in full.

item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Thomas E. Jorden

Ceo

CTRA · Coterra Energy Inc.

Effective: 2026-05-07
Filed: May 7, 2026, 7:59 PM ET

Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas E. Jorden was terminated as ceo at Coterra Energy Inc..

Action: terminated

Exact text from the filing

Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Coterra Energy Inc. underwent a change of control involving Devon Energy Corporation for 0.70 fully paid and nonassessable shares of common stock, $0.10 par value, of Devon (closed 2026-05-07).

Action: change of control
Counterparty: Devon Energy Corporation
Consideration: 0.70 fully paid and nonassessable shares of common stock, $0.10 par value, of Devon
Closing: 2026-05-07

Exact text from the filing

ith Devon Energy Corporation, a Delaware corporation (“Devon”), and Cubs Merger Sub, Inc., a Delaware corporation and

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Coterra Energy Inc. terminated Credit Agreement with JPMorgan Chase Bank, N.A..

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.

Exact text from the filing

on the Closing Date, the Company terminated all outstanding lender commitments under the Credit Agreement, dated as of March 10, 2023 (as amended by Amendment No. 1, dated as of September 12, 2024, and as further amended, restated, supplemented or modified prior to the Closing Date, the “Credit Agreement”), among the Company, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent

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Coterra Energy Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-057278

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