Magnolia Oil & Gas appoints Brian M. Corales as SVP and CFO effective Nov 3

Magnolia Oil & Gas Corp

Brian M. Corales, previously VP Investor Relations, becomes CFO effective Nov 3, 2022; he is a CPA with prior investment banking experience.
Corales base salary $367,500, eligible for annual cash bonus up to 110% of base, and long-term incentive target 275% of base for Feb 2023 grant.
CEO Christopher Stavros receives retroactive base salary of $700,000, bonus max 150% of base, and LTI target of $3.6M for Feb 2023.
Appointment fills CFO role; Stavros had been serving as interim CFO since Sept 21, 2022.

item 5.02

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Appointed

Brian M. Corales

Senior Vice President and Chief Financial Officer

MGY · Magnolia Oil & Gas Corp

Effective: 2022-11-03
Filed: November 2, 2022, 7:59 PM ET

On October 27, 2022, the Board of Directors (the “Board”) of Magnolia Oil & Gas Corporation (the “Company”) approved the appointment of Brian M. Corales, age 43, as Senior Vice President and Chief Financial Officer of the Company, effective November 3, 2022 (the “Effective Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Brian M. Corales was appointed as Senior Vice President and Chief Financial Officer at Magnolia Oil & Gas Corp.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On October 27, 2022, the Board of Directors (the “Board”) of Magnolia Oil & Gas Corporation (the “Company”) approved the appointment of Brian M. Corales, age 43, as Senior Vice President and Chief Financial Officer of the Company, effective November 3, 2022 (the “Effective Date”).

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Source: SEC EDGAR

accession 0001698990-22-000051

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