President Kevin Riley resigns; CEO Bobby D. Riley to also serve as President effective Dec 31, 2023

Riley Exploration Permian, Inc.

Kevin Riley resigns as President effective Dec 31, 2023; CEO Bobby D. Riley assumes President role with no compensation change.
Separation agreement includes $445,000 paid over 12 months, up to $1,943.01/month COBRA for 12 months.
Kevin Riley retains 64,887 unvested restricted shares that continue vesting; 20,000 shares forfeited.
Advisory services fee of $37,083 for transition duties during January 2024.
Non-compete geographic scope limited to Yoakum County, TX and Eddy County, NM.

item 5.02 item 9.01

Executive movements

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Role change

Bobby D. Riley

President

REPX · Riley Exploration Permian, Inc.

Effective: 2023-12-31
Filed: December 26, 2023, 6:59 PM ET

Bobby D. Riley, the Company’s Chief Executive Officer and Chairman of our Board of Directors, will assume the role of President of the Company, effective as of the Resignation Date.

Departed

Kevin Riley

President

REPX · Riley Exploration Permian, Inc.

Effective: 2023-12-31
Successor: Bobby D. Riley
Filed: December 26, 2023, 6:59 PM ET

On December 21, 2023, Riley Exploration Permian, Inc. (the “Company”) announced that Kevin Riley, the Company’s President, will be resigning effective December 31, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bobby D. Riley changed role as President at Riley Exploration Permian, Inc..

Action: assume the role of President
Role: President

Exact text from the filing

Bobby D. Riley, the Company’s Chief Executive Officer and Chairman of our Board of Directors, will assume the role of President of the Company, effective as of the Resignation Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Riley resigned as President at Riley Exploration Permian, Inc..

Action: resigned
Role: President

Exact text from the filing

On December 21, 2023, Riley Exploration Permian, Inc. (the “Company”) announced that Kevin Riley, the Company’s President, will be resigning effective December 31, 2023

View on SEC.gov

Riley Exploration Permian, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-059420

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