--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-211971" form_type: "8-K" ticker: "DVN" cik: "0001090012" company_name: "DEVON ENERGY CORP/DE" filed_at: "2026-05-07T23:59:59+00:00" generated_at: "2026-05-14T21:23:33.026879+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Devon completes all-stock merger with Coterra; combined company retains DVN ticker ## Summary - 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. ## SEC filing metadata - accession: 0001193125-26-211971 - form_type: 8-K - ticker: DVN - cik: 0001090012 - company_name: DEVON ENERGY CORP/DE - filed_at: 2026-05-07T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 2.01, 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/d799973d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-211971 - JSON: https://secwatch.observer/filing/0001193125-26-211971.json - Plain text: https://secwatch.observer/filing/0001193125-26-211971.txt ## Source-grounded claims - claim_id: 059fe48ee5 claim: Gennifer F. Kelly resigned as director at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 105f2f3b22 claim: Jeffrey L. Ritenour changed role as Executive Vice President and Chief Corporate Development Officer at DEVON ENERGY CORP/DE. evidence_excerpt: Jeffrey L. Ritenour will continue with the Company as Executive Vice President and Chief Corporate Development Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 24d5fcefc9 claim: Michael N. Mears resigned as director at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 46a5d8db2c claim: Barbara M. Baumann resigned as director at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 4d76deabd7 claim: Amanda M. Brock was appointed as director at DEVON ENERGY CORP/DE. evidence_excerpt: Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director" evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 6d3b6b1088 claim: Thomas E. Jorden was appointed as director at DEVON ENERGY CORP/DE. evidence_excerpt: Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director" evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 8493b6b257 claim: Robert A. Mosbacher, Jr. resigned as director at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 98185b1e25 claim: Thomas E. Jorden was appointed as non-executive Chair of the Devon Board at DEVON ENERGY CORP/DE. evidence_excerpt: Effective upon the consummation of the Merger, Mr. Jorden was appointed as non-executive Chair of the Devon Board evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: a65d25824b claim: Brent Smolik was appointed as Lead Independent Director of the Devon Board at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: aa11f5036f claim: John E. Bethancourt resigned as director at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: b157f4215a claim: John Sherrer changed role as Vice President, Accounting and Controller at DEVON ENERGY CORP/DE. evidence_excerpt: John Sherrer will continue with the Company as Vice President, Accounting and Controller. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: b3badaf172 claim: Marcus A. Watts was appointed as director at DEVON ENERGY CORP/DE. evidence_excerpt: Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director" evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: def0d1f367 claim: Gregory F. Conaway was appointed as Vice President and Chief Accounting Officer at DEVON ENERGY CORP/DE. evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: eaad2a7a7b claim: Jeffrey E. Shellebarger was appointed as director at DEVON ENERGY CORP/DE. evidence_excerpt: Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director" evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: edac13b6b2 claim: Shannon E. Young III was appointed as Executive Vice President and Chief Financial Officer at DEVON ENERGY CORP/DE. evidence_excerpt: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: fbca382b17 claim: Jacinto J. Hernandez was appointed as director at DEVON ENERGY CORP/DE. evidence_excerpt: Thomas E. Jorden, Amanda M. Brock, Jacinto J. Hernandez, Jeffrey E. Shellebarger and Marcus A. Watts (each, a "Legacy Coterra Director" evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 8514839b38bce049805452d54102d2154fbdf756 claim: DEVON ENERGY CORP/DE: Increased authorized shares of common stock from 1,000,000,000 to 2,000,000,000 (effective 2026-05-07). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm - claim_id: 981ee0455440b3fe61a97c7e12af34eb064a1313 claim: DEVON ENERGY CORP/DE completed an acquisition involving Coterra Energy Inc. (closed 2026-05-07). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.