---
schema_version: "secwatch.filing_event.v1"
accession: "0001698990-22-000051"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T14:33:55.549037+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001698990-22-000051
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000051/0001698990-22-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000051/mgy-20221027x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698990-22-000051
- JSON: https://secwatch.observer/filing/0001698990-22-000051.json
- Plain text: https://secwatch.observer/filing/0001698990-22-000051.txt

## Key facts
- Executive change
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698990/000169899022000051/0001698990-22-000051-index.htm

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