Talos finalizes CEO Duncan severance; interim CEO Mills gets $800k salary, 43k RSUs

TALOS ENERGY INC.

Former CEO Timothy Duncan signed Separation Agreement Nov 1; receives 2x base salary plus target bonus, pro-rated 2024 bonus, and 24-month health coverage.
Duncan also gets accelerated vesting of existing RSUs and pro-rata PSUs, plus new grants of 28,519 shares and 38,844 PSUs.
Interim CEO Joseph Mills has base salary of $800,000 effective Aug 29, 2024, and received 43,630 RSUs vesting by Dec 31, 2024 or when new CEO appointed.
Mills forfeited 4,273 RSUs previously granted for board service; Duncan resigned from the Board.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Timothy S. Duncan

President and Chief Executive Officer

TALO · TALOS ENERGY INC.

Effective: 2024-08-29
Successor: Joseph A. Mills
Filed: November 4, 2024, 6:59 PM ET

previously reported Timothy S. Duncan departed his role as President and Chief Executive Officer of the Company

Appointed (interim)

Joseph A. Mills

Interim Chief Executive Officer and President

TALO · TALOS ENERGY INC.

Effective: 2024-08-29
Filed: November 4, 2024, 6:59 PM ET

Joseph A. Mills was appointed as Interim Chief Executive Officer and President of the Company, in each case, effective August 29, 2024.

Departed

Timothy S. Duncan

Member of the Board

TALO · TALOS ENERGY INC.

Filed: November 4, 2024, 6:59 PM ET

Mr. Duncan also resigned as a member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy S. Duncan departed as President and Chief Executive Officer at TALOS ENERGY INC..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

previously reported Timothy S. Duncan departed his role as President and Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joseph A. Mills was appointed as Interim Chief Executive Officer and President at TALOS ENERGY INC..

Action: appointed
Role: Interim Chief Executive Officer and President

Exact text from the filing

Joseph A. Mills was appointed as Interim Chief Executive Officer and President of the Company, in each case, effective August 29, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Timothy S. Duncan resigned as Member of the Board at TALOS ENERGY INC..

Action: resigned
Role: Member of the Board

Exact text from the filing

Mr. Duncan also resigned as a member of the Board.

View on SEC.gov

TALOS ENERGY INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-250069

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