Gulfport Energy removes 'Interim' from CEO Timothy Cutt's title, amends employment agreement

GULFPORT ENERGY CORP

Timothy Cutt appointed permanent CEO effective Sept 2, 2021; previously interim since May 2021.
Employment term changed to indefinite; either party may terminate at any time.
Amendment removes Change of Control cash payments from prior agreement.
Added severance: 3x (base salary + target bonus) if terminated without cause after a Change of Control.
Severance subject to non-compete covenants and clawback on breach.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Timothy Cutt

Chief Executive Officer

GPOR · GULFPORT ENERGY CORP

Effective: 2021-09-02
Filed: September 7, 2021, 7:59 PM ET

On September 2, 2021, Gulfport Energy Corporation (the “Company”) and Timothy Cutt agreed that, effective immediately, Mr. Cutt will fully assume the role of the Company’s Chief Executive Officer, dropping the “Interim” designation from his title.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy Cutt was appointed as Chief Executive Officer at GULFPORT ENERGY CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On September 2, 2021, Gulfport Energy Corporation (the “Company”) and Timothy Cutt agreed that, effective immediately, Mr. Cutt will fully assume the role of the Company’s Chief Executive Officer, dropping the “Interim” designation from his title.

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GULFPORT ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001213900-21-046882

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