VAALCO EVP Corporate Development David DesAutels to retire March 14, 2023

VAALCO ENERGY INC /DE/

Separation agreement provides $145,917 cash severance and $98,914 bonus amount, lump sum.
Consulting agreement for up to 13 months at $5,000/month (more if >3 days/week) for transition.
Equity awards under 2020 LTIP remain un-terminated until consulting agreement ends.
Agreements include confidentiality, non-disparagement, cooperation, and non-competition clauses.

item 5.02

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Departed

David DesAutels

Executive Vice President of Corporate Development

EGY · VAALCO ENERGY INC /DE/

Effective: 2023-03-14
Filed: March 10, 2023, 6:59 PM ET

David DesAutels, currently Executive Vice President of Corporate Development of VAALCO Energy, Inc. (“VAALCO”), will retire from his position effective March 14, 2023

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

David DesAutels departed as Executive Vice President of Corporate Development at VAALCO ENERGY INC /DE/.

Action: retire
Role: Executive Vice President of Corporate Development

Exact text from the filing

David DesAutels, currently Executive Vice President of Corporate Development of VAALCO Energy, Inc. (“VAALCO”), will retire from his position effective March 14, 2023

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VAALCO ENERGY INC /DE/ filing history →

Source: SEC EDGAR

accession 0001140361-23-011156

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