ADAMS RESOURCES Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ADAMS RESOURCES Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On March 27, 2018, Josh C. Anders, Executive Vice President, Chief Financial Officer and Treasurer, of Adams Resources & Energy, Inc. (the “Company”), and its principal accounting and financial officer, notified the Company of his intent to resign from the Company effective in mid-April 2018, and will join an upstream exploration and production company. It is expected that Mr. Anders will remain in his current position until mid-April 2018. Mr. Anders’ departure was not the result of any disagreements with the Company regarding accounting, financial reporting, operations, policies, practices or otherwise. Upon Mr. Anders’ departure, Sharon C. Davis, the Company’s Vice President, Chief Accounting Officer and Chief Operating Officer, will assume the duties of Chief Financial Officer and principal accounting officer on an interim basis until Mr. Anders’ successor is chosen and appointed by the Board of Directors of the Company.

Ms. Davis, age 58, currently serves as the Company’s Executive Vice President, Chief Operating Officer and Chief Accounting Officer. Ms. Davis was appointed as Executive Vice President and Chief Operating Officer in March 2015, and has been employed with us since 1992.

There are no understandings or arrangements between Ms. Davis and any other person to which Ms. Davis was selected to serve as interim principal accounting officer, other than her employment relationship set forth above. Ms. Davis does not have any relationships requiring disclosure under Item 401(d) of Regulation S-K or any interests requiring disclosure under Item 404(a) of Regulation S-K.

A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Press release of Adams Resources & Energy, Inc. issued March 28, 2018.

EX-99.1 2 a1q2018cforesignation_exhi.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 FOR IMMEDIATE RELEASEADAMS RESOURCES & ENERGY,…
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Adams Resources & Energy, Inc., along with its subsidiaries, is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The Company’s segments include Marketing Segment, Transportation Segment, and Oil and Gas Segment. The Company manages its Marketing Segment through its subsidiary, Gulfmark Energy, Inc., which is engaged in marketing of crude oil. It operates approximately 210 tractor-trailer rigs and maintains over 120 pipeline inventory locations or injection stations. The Company operates its Transportation Segment, through Service Transport Company, which transports liquid chemicals. Its Service Transport Company subsidiary operates over 320 truck tractors, of which over 290 are Company-owned with over 30 independent owner-operator units. The Oil and Gas Segment operates through Adams Resources Exploration Corporation subsidiary, which explores and develops domestic oil and natural gas properties.

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