leadership
confidence high
sentiment neutral
materiality 0.25
W&T Offshore amends CEO Krohn's employment agreement, sets minimum base salary at $1M
W&T OFFSHORE INC
- Amendment effective Aug 5, 2026 sets CEO Tracy Krohn's annual base salary floor at $1,000,000.
- Salary reviewed annually by Board; may be increased but not decreased.
- All other material terms of the April 20, 2023 employment agreement remain unchanged.
- Amendment signed by CFO Sameer Parasnis and CEO Tracy Krohn.