secwatch.observer — SEC 8-K summary
======================================

Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2023-12-26T23:59:59+00:00
Accession:  0001140361-23-059420
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/0001140361-23-059420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000114036123059420/ef20017440_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-059420

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