{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-23-000063","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2023-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.654192+00:00","generated_at":"2026-06-13T22:47:02.609380+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CRC COO Shawn Kerns to retire July 31; Omar Hayat named EVP-Operations","bullets":["Shawn Kerns, EVP and COO, retires effective July 31, 2023; departure not due to any dispute.","Omar Hayat appointed EVP-Operations effective June 19, 2023; previously SVP Operations.","Hayat receives $400,000 base salary, 100% target bonus, and LTIP with target value of 400% of base salary.","Hayat's LTIP awards expected as 60% PSUs (3-year cliff) and 40% RSUs (3-year ratable vest).","Hayat will also enter into standard indemnification agreement with the Company."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-23-000063","json":"https://secwatch.observer/filing/0001609253-23-000063.json","markdown":"https://secwatch.observer/filing/0001609253-23-000063.md","text":"https://secwatch.observer/filing/0001609253-23-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000063/0001609253-23-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000063/crc-20230616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:47:02.609380+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"752338e2a1","claim":"Shawn Kerns departed as Executive Vice President and Chief Operating Officer at California Resources Corp.","evidence_excerpt":"On June 16, 2023, California Resources Corporation (the “Company”) announced that Shawn Kerns, Executive Vice President and Chief Operating Officer, will retire from the Company effective as of July 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000063/0001609253-23-000063-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Executive Vice President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"e657434d5e","claim":"Omar Hayat was appointed as Executive Vice President – Operations at California Resources Corp.","evidence_excerpt":"On June 16, 2023, Omar Hayat was appointed as Executive Vice President – Operations, effective as of June 19, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000063/0001609253-23-000063-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President – Operations"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}