leadership
confidence high
sentiment neutral
materiality 0.55
Diamondback Energy amends stockholders agreement; two directors resign from board
Diamondback Energy, Inc.
- Diamondback Energy and SGF FANG Holdings, LP signed a First Amendment to the Sept. 10, 2024 Stockholders Agreement on Sept. 29, 2026.
- The amendment permanently reduces Stephens Majority board designation rights to two directors if Stephens Stockholders own at least 10% but less than 25% of Outstanding Shares, and none if below 10%.
- Darin Holderness resigned from Diamondback's board on Sept. 29, 2026, and Lance Robertson resigned on Sept. 30, 2026, in connection with a Board Stepdown, not due to disagreement.
- The First Amendment is filed as Exhibit 10.1; certain information was redacted under Item 601(a)(6) of Regulation S-K.
- Diamondback common stock trades on Nasdaq under ticker FANG.