U.S. Energy Corp. appoints Mark Zajac as CFO effective June 1, 2023

US ENERGY CORP

Mark Zajac appointed CFO, succeeding Ryan Smith who had been serving as both CEO and CFO.
Zajac will receive a starting salary of $255,000 and a target annual bonus of $160,000.
Received 100,000 RSUs under the 2022 Equity Incentive Plan, vesting 50% on June 1, 2024 and 2025.
Zajac is a former KPMG partner with energy industry experience; no familial relationships with executives.
Employment is at-will; Offer Letter and RSU award agreements filed as exhibits.

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

Ryan L. Smith

Chief Financial Officer

USEG · US ENERGY CORP

Effective: 2023-06-01
Successor: Mark Zajac
Filed: June 5, 2023, 7:59 PM ET

Effective as of his appointment as CFO, Mr. Ryan L. Smith, the Chief Executive Officer and director of the Company, ceased serving as Chief Financial Officer and Principal Financial and Accounting Officer of the Company.

Appointed

Mark Zajac

Chief Financial Officer

USEG · US ENERGY CORP

Effective: 2023-06-01
Successor: Ryan L. Smith
Filed: June 5, 2023, 7:59 PM ET

On, and effective on, June 1, 2023, the Board of Directors, with the recommendation of the Nominating Committee of the Board of Directors, of U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”), appointed Mr. Mark Zajac, as the Chief Financial Officer (CFO) and Principal Financial and Accounting Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan L. Smith changed role as Chief Financial Officer at US ENERGY CORP.

Action: ceased serving as Chief Financial Officer
Role: Chief Financial Officer

Exact text from the filing

Effective as of his appointment as CFO, Mr. Ryan L. Smith, the Chief Executive Officer and director of the Company, ceased serving as Chief Financial Officer and Principal Financial and Accounting Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Zajac was appointed as Chief Financial Officer at US ENERGY CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On, and effective on, June 1, 2023, the Board of Directors, with the recommendation of the Nominating Committee of the Board of Directors, of U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”), appointed Mr. Mark Zajac, as the Chief Financial Officer (CFO) and Principal Financial and Accounting Officer of the Company.

View on SEC.gov

US ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001493152-23-020112

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.