---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-057278"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:20:45.265818+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Coterra Energy completes merger with Devon; shares converted at 0.70x ratio

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-057278
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000110465926057278/0001104659-26-057278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000110465926057278/tm2613882d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-057278
- JSON: https://secwatch.observer/filing/0001104659-26-057278.json
- Plain text: https://secwatch.observer/filing/0001104659-26-057278.txt

## Source-grounded claims
- claim_id: deb91c8c00
  claim: Thomas E. Jorden was terminated as ceo at Coterra Energy Inc..
  evidence_excerpt: Effective upon and in connection with the consummation of the Merger, the employment of Thomas E. Jorden was terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000110465926057278/0001104659-26-057278-index.htm
- claim_id: 951d803af26a83195bcd6e6e36e390dd4c6bc31a
  claim: 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).
  evidence_excerpt: ith Devon Energy Corporation, a Delaware corporation (“Devon”), and Cubs Merger Sub, Inc., a Delaware corporation and
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000110465926057278/0001104659-26-057278-index.htm
- claim_id: a2b45947f9f3e35e024dcac4baeb5b3794bbf6cc
  claim: Coterra Energy Inc. terminated Credit Agreement with JPMorgan Chase Bank, N.A..
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/858470/000110465926057278/0001104659-26-057278-index.htm

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