---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-011156"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T06:10:48.091875+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-011156
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000114036123011156/0001140361-23-011156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000114036123011156/brhc10049598_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-011156
- JSON: https://secwatch.observer/filing/0001140361-23-011156.json
- Plain text: https://secwatch.observer/filing/0001140361-23-011156.txt

## Key facts
- Executive change
  David DesAutels departed as Executive Vice President of Corporate Development at VAALCO ENERGY INC /DE/.
  - Action: retire
  - Role: Executive Vice President of Corporate Development
  source text: David DesAutels, currently Executive Vice President of Corporate Development of VAALCO Energy, Inc. (“VAALCO”), will retire from his position effective March 14, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000114036123011156/0001140361-23-011156-index.htm

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