secwatch.observer — SEC 8-K summary
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Issuer:     Phoenix Energy One, LLC (PHXE-P)
CIK:        0001818643
Form:       8-K
Filed at:   2025-11-26T23:59:59+00:00
Accession:  0001193125-25-297812
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brandon K. Allen resigns from Phoenix Energy, receives $1M transition payment over 12 months
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- Allen resigned Nov 3, 2025; entered Transition & Separation Agreement Nov 20 for advisory role through ~Nov 2026.
- Company to pay $1,000,000 in equal installments over 12 months for transition services, subject to compliance.
- All Class A and Class B Units previously granted to Allen forfeited for zero consideration upon resignation date.
- Agreement includes non-disparagement, confidentiality, cooperation, and reaffirmation of prior restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525297812/0001193125-25-297812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525297812/d700924d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-297812

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