---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-059420"
form_type: "8-K"
ticker: "REPX"
cik: "0001001614"
company_name: "Riley Exploration Permian, Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:11:46.089957+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-059420
- form_type: 8-K
- ticker: REPX
- cik: 0001001614
- company_name: Riley Exploration Permian, Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/0001140361-23-059420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/ef20017440_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-059420
- JSON: https://secwatch.observer/filing/0001140361-23-059420.json
- Plain text: https://secwatch.observer/filing/0001140361-23-059420.txt

## Key facts
- Executive change
  Bobby D. Riley changed role as President at Riley Exploration Permian, Inc..
  - Action: assume the role of President
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/0001140361-23-059420-index.htm
- Executive change
  Kevin Riley resigned as President at Riley Exploration Permian, Inc..
  - Action: resigned
  - Role: President
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/0001140361-23-059420-index.htm

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