8-K
filed May 7, 2026, 7:59 PM ET
ticker DVN
CIK 0001090012
M&A
confidence high
sentiment neutral
materiality 0.95
DEVON ENERGY CORP/DE (DVN): M&A transaction — Devon completes all-stock merger with Coterra; combined company retains DVN ticker
DEVON ENERGY CORP/DE
- Coterra shareholders received 0.70 DVN shares per CTRA share; DVN holders own ~54%, former Coterra holders ~46%.
- Targeting $1B in annual pre-tax synergies by year-end 2027; combined Delaware Basin position strengthened.
- Shannon Young (ex-Coterra CFO) appointed EVP & CFO; Greg Conaway named VP & CAO; directors expanded to 11.
- Authorized share count increased from 1B to 2B via charter amendment approved May 4, 2026.
- Combined company headquartered in Houston with significant Oklahoma City presence; CTRA stock delisted.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gennifer F. Kelly resigned as director at DEVON ENERGY CORP/DE.
- Action
- resigned
- Role
- director
Exact text from the filing
Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeffrey L. Ritenour changed role as Executive Vice President and Chief Corporate Development Officer at DEVON ENERGY CORP/DE.
- Action
- role change
- Role
- Executive Vice President and Chief Corporate Development Officer
Exact text from the filing
Jeffrey L. Ritenour will continue with the Company as Executive Vice President and Chief Corporate Development Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael N. Mears resigned as director at DEVON ENERGY CORP/DE.
- Action
- resigned
- Role
- director
Exact text from the filing
Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Barbara M. Baumann resigned as director at DEVON ENERGY CORP/DE.
- Action
- resigned
- Role
- director
Exact text from the filing
Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Amanda M. Brock was appointed as director at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- director
Exact text from the filing
Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Thomas E. Jorden was appointed as director at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- director
Exact text from the filing
Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Robert A. Mosbacher, Jr. resigned as director at DEVON ENERGY CORP/DE.
- Action
- resigned
- Role
- director
Exact text from the filing
Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Thomas E. Jorden was appointed as non-executive Chair of the Devon Board at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- non-executive Chair of the Devon Board
Exact text from the filing
Effective upon the consummation of the Merger, Mr. Jorden was appointed as non-executive Chair of the Devon Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Brent Smolik was appointed as Lead Independent Director of the Devon Board at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- Lead Independent Director of the Devon Board
Exact text from the filing
Effective upon the consummation of the Merger, Mr. Jorden was appointed as non-executive Chair of the Devon Board and Mr. Smolik was appointed as the Lead Independent Director of the Devon Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John E. Bethancourt resigned as director at DEVON ENERGY CORP/DE.
- Action
- resigned
- Role
- director
Exact text from the filing
Effective upon and in connection with the consummation of the Merger, each of the following directors of the Devon Board tendered their resignations to the Company: John E. Bethancourt, Barbara M. Baumann, Gennifer F. Kelly, Michael N. Mears and Robert A. Mosbacher, Jr.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John Sherrer changed role as Vice President, Accounting and Controller at DEVON ENERGY CORP/DE.
- Action
- role change
- Role
- Vice President, Accounting and Controller
Exact text from the filing
John Sherrer will continue with the Company as Vice President, Accounting and Controller.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Marcus A. Watts was appointed as director at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- director
Exact text from the filing
Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Gregory F. Conaway was appointed as Vice President and Chief Accounting Officer at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- Vice President and Chief Accounting Officer
Exact text from the filing
the appointment of Gregory F. Conaway as Vice President and Chief Accounting Officer of the Company to succeed John Sherrer as principal accounting officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeffrey E. Shellebarger was appointed as director at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- director
Exact text from the filing
Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Shannon E. Young III was appointed as Executive Vice President and Chief Financial Officer at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
the appointment of Shannon E. Young III as Executive Vice President and Chief Financial Officer of the Company to succeed Jeffrey L. Ritenour as principal financial officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jacinto J. Hernandez was appointed as director at DEVON ENERGY CORP/DE.
- Action
- appointed
- Role
- director
Exact text from the filing
Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director"
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
DEVON ENERGY CORP/DE: Increased authorized shares of common stock from 1,000,000,000 to 2,000,000,000 (effective 2026-05-07).
- Change
- charter amendment
- Effective
- 2026-05-07
Exact text from the filing
On May 7, 2026, the Company filed an amendment to the Company’s restated certificate of incorporation (the “ Authorized Share Charter Amendment ”), effective as of such date, increasing the number of authorized shares of Company Common Stock from 1,000,000,000 to 2,000,000,000.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DEVON ENERGY CORP/DE completed an acquisition involving Coterra Energy Inc. (closed 2026-05-07).
- Action
- acquisition
- Counterparty
- Coterra Energy Inc.
- Closing
- 2026-05-07
Exact text from the filing
On May 7, 2026, following approval by the stockholders of both Devon and Coterra at special meetings held on May 4, 2026, the Merger and the other transactions contemplated by the Merger Agreement were consummated.
View on SEC.gov
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