Jack Hightower retires as CEO and Chairman; Michael Hollis named Interim CEO

HighPeak Energy, Inc.

Jack Hightower retired as CEO and Chairman effective Sept 15, 2025; receives $2.4M cash payment and accelerated vesting of 1,385,500 restricted shares.
Michael Hollis (President since 2020, ex-Diamondback Energy COO) appointed Interim CEO effective immediately.
Principal Stockholder Group (64.4% of HPK) no longer controlled by Hightower; now governed by committee of Daniel Silver, Michael Hollis, Ryan Hightower.
Daniel Silver (VP Finance) appointed to Board as director designee of Principal Stockholder Group.
Hightower's 1,532,477 founder's shares to be registered; options under 2020/2021 grants extended 12 months, 2022 options forfeited.

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