Evolution Petroleum appoints Kelly Loyd as permanent CEO, base salary $375K

EVOLUTION PETROLEUM CORP

Kelly Loyd appointed President and CEO, effective immediately; had served as Interim CEO since June 2022.
Base annual salary of $375,000; receives sign-on bonus of 100,000 restricted shares vesting pro rata over 4 years.
Eligible for 2023 STIP target at 100% of base and LTIP target at 150% of base, partly performance-based.
Loyd remains on Board but will no longer receive director compensation after CEO appointment.

item 5.02 item 9.01

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Appointed

Kelly W. Loyd

President and Chief Executive Officer

EPM · EVOLUTION PETROLEUM CORP

Effective: 2022-10-27
Filed: October 27, 2022, 7:59 PM ET

the Board of Directors has selected Kelly W. Loyd as President and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Kelly W. Loyd was appointed as President and Chief Executive Officer at EVOLUTION PETROLEUM CORP.

Action: selected
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors has selected Kelly W. Loyd as President and Chief Executive Officer.

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EVOLUTION PETROLEUM CORP filing history →

Source: SEC EDGAR

accession 0001558370-22-015522

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