Atlas Energy Group, LLC (OTCMKTS:ATLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Retention Agreement
On May 23, 2017, Atlas Energy Group, LLC entered into a retention agreement (the “Retention Agreement”) with Mark D. Schumacher, its Senior Vice President.
The Retention Agreement provides that Mr. Schumacher will receive a cash retention bonus in the amount of $120,000 (the “Retention Bonus”). However, if he resigns without good reason or is terminated for cause prior to May 23, 2018, he will be required to repay the Retention Bonus, less $1,000.
About Atlas Energy Group, LLC (OTCMKTS:ATLS)
Atlas Energy Group, LLC is an energy management company, which acquires and develops upstream and midstream oil and gas assets. The Company has ownership interests in the general partner Class A units, and over 23.3% limited partner interest in Atlas Resource Partners, L.P. (ARP), which is an independent developer and producer of natural gas, crude oil and natural gas liquids; over 80% general partner interest and approximately 2.1% limited partner interest in Atlas Growth Partners, L.P. (AGP), which conducts natural gas and oil operations in the mid-continent region of the United States, and owns approximately 15.9% general partner interest and over 12% limited partner interest in Lightfoot Capital Partners, L.P. and Lightfoot Capital Partners GP, LLC, its general partner, which incubates new master limited partnerships (MLPs) and invests in existing MLPs. Its segments include ARP, AGP, and Corporate and other. The Company focuses on the development and growth of energy enterprises. Atlas Energy Group, LLC (OTCMKTS:ATLS) Recent Trading Information
Atlas Energy Group, LLC (OTCMKTS:ATLS) closed its last trading session up +0.015 at 0.180 with shares trading hands.
