{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-24-000125","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.957254+00:00","generated_at":"2026-05-29T18:52:50.811956+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"California Resources names Clio Crespy as CFO effective Jan 1, 2025; Nelly Molina departs","bullets":["Appoints Clio Crespy EVP & CFO effective Jan 1, 2025; succeeds Nelly Molina who departs Dec 31, 2024.","Crespy receives $615K base salary, 100% target bonus, 400% LTI target, and $1.35M initial RSU grant.","Crespy most recently Senior MD at Guggenheim Securities, advising on energy and sustainability.","Molina's departure not due to any disagreement with CRC on internal controls or financial statements.","Employment agreement includes 2-year initial term, severance multiplier of 1.5x (2x upon change in control)."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-24-000125","json":"https://secwatch.observer/filing/0001609253-24-000125.json","markdown":"https://secwatch.observer/filing/0001609253-24-000125.md","text":"https://secwatch.observer/filing/0001609253-24-000125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000125/0001609253-24-000125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000125/crc-20241119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:52:50.811956+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":"d0ca550e58","claim":"Clio C. Crespy was appointed as Executive Vice President and Chief Financial Officer at California Resources Corp.","evidence_excerpt":"Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925324000125/0001609253-24-000125-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}