secwatch.observer — SEC 8-K summary
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Issuer:     Vitesse Energy, Inc. (VTS)
CIK:        0001944558
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001193125-23-008895
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.03, 5.03, 5.01, 5.02, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jefferies completes spin-off of Vitesse Energy; Vitesse begins trading independently on NYSE
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- Jefferies distributed 26.6M shares of Vitesse (94.37% of outstanding) to JEF holders at 1 VTS per 8.49668 JEF shares.
- Vitesse common stock begins regular-way trading Jan 17, 2023 on NYSE under symbol VTS.
- Board expanded to 7 members; Bob Gerrity remains CEO, Brian Cree President, David Macosko CFO, Christopher Humber GC.
- Adopted Long-Term Incentive Plan authorizing up to 3.96M shares; entered into new revolving credit facility.
- Executives granted RSUs: CEO Gerrity 1.65M shares, President Cree 726K shares; 2023 salaries and bonuses set.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944558/000119312523008895/0001193125-23-008895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944558/000119312523008895/d426246d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-008895

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