8-K
filed September 8, 2022, 7:59 PM ET
ticker PR
CIK 0001658566
M&A
confidence high
sentiment neutral
materiality 0.80
Permian Resources closes Colgate Energy merger; stock trades under PR
Permian Resources Corp
- Colgate unitholder received 269.3M Class C shares, 269.3M OpCo units, and $525M cash.
- Name changed to Permian Resources; Class A common begins trading PR on Nasdaq, moving to NYSE Sep 12.
- Co-CEOs William Hickey III and James Walter appointed; Sean Smith becomes Executive Chairman.
- Credit facility expanded to $1.5B elected commitments; borrowing base increased to $2.5B.
- Authorized Class A shares raised to 1B, Class C to 500M; four former directors resigned.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Aron Marquez was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sean R. Smith resigned as Chief Executive Officer at Permian Resources Corp.
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Sean R. Smith resigned as the Chief Executive Officer of the Company and Davis O. O’Connor resigned as the Executive Vice President and General Counsel of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pierre F. Lapeyre, Jr. resigned as Director at Permian Resources Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sean R. Smith was appointed as Executive Chairman of the Board at Permian Resources Corp.
- Action
- appointed
- Role
- Executive Chairman of the Board
Exact text from the filing
Sean R. Smith was appointed by the Board as the Executive Chairman of the Board of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Karan E. Eves was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James H. Walter was appointed as Co-Chief Executive Officer at Permian Resources Corp.
- Action
- appointed
- Role
- Co-Chief Executive Officer
Exact text from the filing
William M. Hickey III and James H. Walter were appointed by the Board to serve as Co-Chief Executive Officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven J. Shapiro resigned as Director at Permian Resources Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William J. Quinn was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David M. Leuschen resigned as Director at Permian Resources Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James H. Walter was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William M. Hickey III was appointed as Co-Chief Executive Officer at Permian Resources Corp.
- Action
- appointed
- Role
- Co-Chief Executive Officer
Exact text from the filing
William M. Hickey III and James H. Walter were appointed by the Board to serve as Co-Chief Executive Officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Davis O. O’Connor resigned as Executive Vice President and General Counsel at Permian Resources Corp.
- Action
- resigned
- Role
- Executive Vice President and General Counsel
Exact text from the filing
Sean R. Smith resigned as the Chief Executive Officer of the Company and Davis O. O’Connor resigned as the Executive Vice President and General Counsel of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vidisha Prasad resigned as Director at Permian Resources Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Steven J. Shapiro, Pierre F. Lapeyre, Jr., David M. Leuschen and Vidisha Prasad each resigned from the Board of Directors of Centennial (the “Centennial Board”).
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William M. Hickey III was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven D. Gray was appointed as Director at Permian Resources Corp.
- Action
- appointed
- Role
- Director
Exact text from the filing
the Centennial Board appointed William M. Hickey III, James H. Walter, William J. Quinn, Aron Marquez, Karan E. Eves and Steven D. Gray to the Board of Directors of the combined company (the “Board”) in addition to the current directors Maire A. Baldwin, Robert M. Tichio, Matthew G. Hyde, Jeffrey H. Tepper and Sean R. Smith.
View on SEC.gov
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