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

Issuer:     EARTHSTONE ENERGY INC (—)
CIK:        0000010254
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001193125-23-270505
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earthstone Energy completes acquisition by Permian Resources; shares converted at 1.446 ratio
--------------------------------------------------------------------------------

- Each share of Earthstone Class A common stock converted into 1.446 shares of Permian Resources Class A common stock.
- Earthstone Class A common stock delisted from NYSE; company intends to file Form 15 to suspend reporting obligations.
- All directors and named executive officers resigned effective at closing; Earthstone Energy, LLC now managed by Permian Resources.
- Credit agreement terminated and all outstanding obligations paid off in full; liens released.
- Compensation committee approved transaction bonuses equal to 100% of annual base salary for CEO and other executives, paid at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/0001193125-23-270505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10254/000119312523270505/d551345d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-270505

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