8-K
filed July 7, 2022, 7:59 PM ET
ticker CHRD
CIK 0001486159
M&A
confidence high
sentiment neutral
materiality 0.85
Chord Energy (fka Oasis) closes Whiting merger; Whiting holders get $6.25 + 0.5774 CHRD shares
Chord Energy Corp
- Merger closed July 1, 2022: Whiting holders got $6.25 cash + 0.5774 CHRD shares per share; combined ownership ~53% Whiting, ~47% Oasis.
- Board expanded to 10; Lynn Peterson appointed Executive Chair; five Whiting directors added; three Oasis directors resigned.
- Credit agreement amended: commitments $800M, borrowing base $2B; maturity extended.
- Chip Rimer named EVP & COO, Scott Regan EVP/GC; Taylor Reid and Nickolas Lorentzatos depart.
- Issued updated Q2 2022 guidance and pro forma Q1 2022 financials in press release and investor presentation.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin S. McCarthy was appointed as director at Chord Energy Corp.
- Action
- appointed
Exact text from the filing
the Board increased to ten members and appointed Lynn A. Peterson, Susan M. Cunningham, Paul J. Korus, Kevin S. McCarthy and Anne Taylor
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert McNally resigned as director at Chord Energy Corp.
- Action
- resigned
Exact text from the filing
John Jacobi, N. John Lancaster, Jr. and Robert McNally resigned from the Company’s Board of Directors (the “ Board ”) effective as of immediately prior to the Company Merger Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan M. Cunningham was appointed as director at Chord Energy Corp.
- Action
- appointed
Exact text from the filing
the Board increased to ten members and appointed Lynn A. Peterson, Susan M. Cunningham, Paul J. Korus, Kevin S. McCarthy and Anne Taylor
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Jacobi resigned as director at Chord Energy Corp.
- Action
- resigned
Exact text from the filing
John Jacobi, N. John Lancaster, Jr. and Robert McNally resigned from the Company’s Board of Directors (the “ Board ”) effective as of immediately prior to the Company Merger Effective Time.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul J. Korus was appointed as director at Chord Energy Corp.
- Action
- appointed
Exact text from the filing
the Board increased to ten members and appointed Lynn A. Peterson, Susan M. Cunningham, Paul J. Korus, Kevin S. McCarthy and Anne Taylor
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Douglas E. Brooks was appointed as Lead Independent Director at Chord Energy Corp.
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
The Board also appointed Mr. Brooks to serve as Lead Independent Director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Anne Taylor was appointed as director at Chord Energy Corp.
- Action
- appointed
Exact text from the filing
the Board increased to ten members and appointed Lynn A. Peterson, Susan M. Cunningham, Paul J. Korus, Kevin S. McCarthy and Anne Taylor
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lynn A. Peterson was appointed as Executive Chair at Chord Energy Corp.
- Action
- appointed
- Role
- Executive Chair
Exact text from the filing
Mr. Peterson was appointed Executive Chair of the Board;
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
N. John Lancaster, Jr. resigned as director at Chord Energy Corp.
- Action
- resigned
Exact text from the filing
John Jacobi, N. John Lancaster, Jr. and Robert McNally resigned from the Company’s Board of Directors (the “ Board ”) effective as of immediately prior to the Company Merger Effective Time.
View on SEC.gov
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