---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-015522"
form_type: "8-K"
ticker: "EPM"
cik: "0001006655"
company_name: "EVOLUTION PETROLEUM CORP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:11:26.645407+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-015522
- form_type: 8-K
- ticker: EPM
- cik: 0001006655
- company_name: EVOLUTION PETROLEUM CORP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006655/000155837022015522/0001558370-22-015522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006655/000155837022015522/epm-20221026x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-015522
- JSON: https://secwatch.observer/filing/0001558370-22-015522.json
- Plain text: https://secwatch.observer/filing/0001558370-22-015522.txt

## Key facts
- Executive change
  Kelly W. Loyd was appointed as President and Chief Executive Officer at EVOLUTION PETROLEUM CORP.
  - Action: selected
  - Role: President and Chief Executive Officer
  source text: the Board of Directors has selected Kelly W. Loyd as President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006655/000155837022015522/0001558370-22-015522-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.