8-K
filed November 4, 2024, 6:59 PM ET
CIK 0001164256
leadership
confidence high
sentiment neutral
materiality 0.50
Daybreak Oil & Gas: CEO James Westmoreland retires; Bennett Anderson named new CEO
DAYBREAK OIL & GAS, INC.
- James Westmoreland retired as President, CEO, and Chairman effective Nov 1, 2024.
- Bennett Anderson appointed President, CEO, and board member; resigned as COO.
- Directors Meara and Lindsey retired; board reduced to three, adding John Linford.
- Anderson's salary remains $100k/year; currently paid 25% ($25k) due to salary reduction.
- No family relationships or reportable related-party transactions disclosed.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Anderson was elected as Director at DAYBREAK OIL & GAS, INC..
- Action
- elected
- Role
- Director
Exact text from the filing
On October 22, 2024, Mr. Anderson was also elected to the Company’s Board of Directors effective as of November 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James F. Westmoreland retired as President and Chief Executive Officer at DAYBREAK OIL & GAS, INC..
- Action
- retired
- Role
- President and Chief Executive Officer
Exact text from the filing
On October 22, 2024, James F. Westmoreland, President and Chief Executive Officer and Interim Principal Financial Officer, advised the Board of Directors of Daybreak Oil and Gas, Inc. (OTC Expert Market: DBRM), a Washington corporation (“Daybreak” or the “Company”) that he will retire from the Company effective with the close of business on Friday, November 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy R. Lindsey retired as Director at DAYBREAK OIL & GAS, INC..
- Action
- retired
- Role
- Director
Exact text from the filing
On October 22, 2024, the Board also accepted the retirement, of Mr. James F. Meara, Director, Audit Committee Chairman and Audit Committee Financial Expert; and Mr. Timothy R. Lindsey, Director, Compensation Committee Chairman, and Nominating and Corporate Governance Committee Chairman, effective close of business on Friday, November 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James F. Meara retired as Director at DAYBREAK OIL & GAS, INC..
- Action
- retired
- Role
- Director
Exact text from the filing
On October 22, 2024, the Board also accepted the retirement, of Mr. James F. Meara, Director, Audit Committee Chairman and Audit Committee Financial Expert; and Mr. Timothy R. Lindsey, Director, Compensation Committee Chairman, and Nominating and Corporate Governance Committee Chairman, effective close of business on Friday, November 1, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John B. Linford was elected as Director at DAYBREAK OIL & GAS, INC..
- Action
- elected
- Role
- Director
Exact text from the filing
On October 31, 2024, the Board elected Mr. John B. Linford to the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Anderson was appointed as President and Chief Executive Officer at DAYBREAK OIL & GAS, INC..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
The Board appointed Mr. Bennett Anderson to the position of President and Chief Executive Officer, effective with the close of business on Friday, November 1, 2024, to fill the vacancies created by Mr. Westmoreland’s retirement.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Anderson resigned as Chief Operating Officer at DAYBREAK OIL & GAS, INC..
- Action
- resigned
- Role
- Chief Operating Officer
Exact text from the filing
With this appointment, Mr. Anderson resigned from his Chief Operating Officer position, effective as of close of business on Friday, November 1, 2024.
View on SEC.gov
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