Oasis Petroleum to merge with Whiting Petroleum; 0.5774 shares + $6.25 cash per share

Chord Energy Corp

Whiting shareholders receive 0.5774 Oasis shares and $6.25 cash per share; Oasis to pay up to $15/share special dividend to Oasis holders upon closing.
Combined company board: 5 Oasis directors (incl. CEO Daniel Brown) and 5 Whiting directors (incl. Lynn Peterson as Executive Chair); Brown remains CEO.
Closing conditions include stockholder approvals, HSR clearance, NASDAQ listing, and tax opinions; termination fee of $98 million.
Lynn Peterson to serve as Executive Chair through Dec 2023 at $500k salary; 2022 bonus at 150% of target plus $3M RSU grant.
Merger expected to close by October 7, 2022; combined company headquarters in Houston, Texas.

item 1.01 item 5.02 item 9.01

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Appointed

Lynn A. Peterson

Executive Chair of the Combined Company Board

CHRD · Chord Energy Corp

Filed: March 8, 2022, 6:59 PM ET

Mr. Peterson has agreed that, effective upon the Closing, he will transition into the role of Executive Chair of the Combined Company Board

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Lynn A. Peterson was appointed as Executive Chair of the Combined Company Board at Chord Energy Corp.

Action: appointed
Role: Executive Chair of the Combined Company Board

Exact text from the filing

Mr. Peterson has agreed that, effective upon the Closing, he will transition into the role of Executive Chair of the Combined Company Board

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Chord Energy Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-069341

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