---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-177153"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:10:09.523032+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Devon supplements Coterra merger proxy; two shareholder lawsuits filed

## Summary
- Thomas Goggin and Dennis Kelly suits allege disclosure deficiencies in merger proxy; company denies allegations.
- Supplemental disclosures include Evercore DCF valuations for Devon ($37.50–$54.97/sh) and Coterra ($25.04–$37.39/sh).
- Evercore comparable-company analysis for Devon: TEV/EBITDAX implied $32.89–$44.36 per share; CFFO implied $36.01–$46.29.
- Analyst-implied exchange ratio range of 0.567x–0.943x vs. Merger Agreement ratio of 0.700x.
- Special stockholder meetings for both companies remain scheduled for May 4, 2026.

## SEC filing metadata
- accession: 0001193125-26-177153
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526177153/0001193125-26-177153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526177153/d696014d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-177153
- JSON: https://secwatch.observer/filing/0001193125-26-177153.json
- Plain text: https://secwatch.observer/filing/0001193125-26-177153.txt

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