---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-250069"
form_type: "8-K"
ticker: "TALO"
cik: "0001724965"
company_name: "TALOS ENERGY INC."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:12:11.416510+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-250069
- form_type: 8-K
- ticker: TALO
- cik: 0001724965
- company_name: TALOS ENERGY INC.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1724965/000119312524250069/0001193125-24-250069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1724965/000119312524250069/d832999d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-250069
- JSON: https://secwatch.observer/filing/0001193125-24-250069.json
- Plain text: https://secwatch.observer/filing/0001193125-24-250069.txt

## Key facts
- Executive change
  Timothy S. Duncan departed as President and Chief Executive Officer at TALOS ENERGY INC..
  - Action: departed
  - Role: President and Chief Executive Officer
  source text: previously reported Timothy S. Duncan departed his role as President and Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1724965/000119312524250069/0001193125-24-250069-index.htm
- Executive change
  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
  source text: Joseph A. Mills was appointed as Interim Chief Executive Officer and President of the Company, in each case, effective August 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1724965/000119312524250069/0001193125-24-250069-index.htm
- Executive change
  Timothy S. Duncan resigned as Member of the Board at TALOS ENERGY INC..
  - Action: resigned
  - Role: Member of the Board
  source text: Mr. Duncan also resigned as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1724965/000119312524250069/0001193125-24-250069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.