secwatch.observer — SEC 8-K summary
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Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-211971
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 2.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Devon completes all-stock merger with Coterra; combined company retains DVN ticker
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/0001193125-26-211971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312526211971/d799973d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-211971

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