secwatch.observer — SEC 8-K summary
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Issuer:     VAALCO ENERGY INC /DE/ (EGY)
CIK:        0000894627
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001140361-23-011156
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894627/000114036123011156/0001140361-23-011156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894627/000114036123011156/brhc10049598_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-011156

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer