secwatch.observer — SEC 8-K summary
======================================

Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001698990-22-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000051/0001698990-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000169899022000051/mgy-20221027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001698990-22-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer