U.S. Energy Corp COO Donald Kessel retires effective July 28, 2023; duties reassigned

US ENERGY CORP

COO Donald Kessel retired effective July 28, 2023; resignation not due to any disagreement with company.
Separation agreement provides $50,000 cash payment and acceleration of 164,000 restricted stock award shares.
COO duties assumed by existing operations personnel; company may pursue a new COO in the future.
Separation agreement includes confidentiality, non-solicitation, and non-disparagement covenants.

item 5.02 item 9.01

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Departed

Donald A. Kessel

Chief Operating Officer

USEG · US ENERGY CORP

Effective: 2023-07-28
Filed: August 1, 2023, 7:59 PM ET

On July 28, 2023, Mr. Donald A. Kessel informed the Company of his retirement as Chief Operating Officer of U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”) effective the same date

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Donald A. Kessel retired as Chief Operating Officer at US ENERGY CORP.

Action: retired
Role: Chief Operating Officer

Exact text from the filing

On July 28, 2023, Mr. Donald A. Kessel informed the Company of his retirement as Chief Operating Officer of U.S. Energy Corp. (the “ Company ”, “ we ” and “ us ”) effective the same date

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US ENERGY CORP filing history →

Source: SEC EDGAR

accession 0001493152-23-026325

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