CIMAREX ENERGY CO. (NYSE:XEC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
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DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
Departure of Principal Officer
On December 8, 2016, James H. Shonsey, Vice PresidentChief
Accounting Officer and Assistant Secretary, confirmed that he
will retire as an officer and employee of Cimarex Energy Co. (the
Company) on or about February 2, 2017.
Appointment of Principal Accounting Officer
On December 8, 2016, the Board of Directors of the Company
approved the appointment of Timothy A. Ficker as the Companys
Vice PresidentChief Accounting Officer, Controller and Assistant
Secretary, commencing upon the effective date of the retirement
of Mr. Shonsey as the Companys Vice PresidentChief Accounting
Officer and Assistant Secretary.
Mr. Ficker, age 49, has served as the Companys Controller since
September 2016. From February 2015 until September 2016, he
served as Chief Financial Officer and Principal of Alcova
Management LLC, a start-up oil and gas exploration and production
company concentrating on the Powder River Basin of Wyoming. Mr.
Ficker served as Chief Financial Officer of Venoco, Inc., and in
other capacities from March 2007 to November 2014. From May 2005
to March 2007, he served as Vice President, Chief Financial
Officer, Principal Accounting Officer and Secretary of Infinity
Energy Resources Inc. Mr. Ficker previously served as an Audit
Partner in KPMG LLP’s energy audit practice in Denver and as an
audit partner for Arthur Andersen LLP, where he served clients
primarily in the energy industry. His energy clients at KPMG and
Arthur Andersen were principally domestic exploration and
production companies. He has over 27 years of energy
industry-related financial, audit, risk management and SEC
compliance experience. Mr. Ficker is a Member of the American
Institute of Certified Public Accountants as well as the Colorado
Society of CPAs. Mr. Ficker is a certified public accountant with
a B.S.B.A. in accounting from Texas AM University.
Mr. Fickers compensation consists of an annual salary of $325,000
and an equity award of 3,000 shares of Cimarex restricted common
stock with a five-year cliff vesting. No additional compensation
was approved in connection with his appointment as Vice
PresidentController, Chief Accounting Officer, and Assistant
Secretary.
| ITEM 7.01 | REGULATION FD DISCLOSURE |
In accordance with General Instruction B.2 of Form 8-K, the
information under this Item 7.01 shall not be deemed filed for
the purpose of Section 18 of the Securities Exchange Act of 1934,
nor shall it be deemed incorporated by reference in any filing.
About CIMAREX ENERGY CO. (NYSE:XEC)
Cimarex Energy Co. is an independent oil and gas exploration and production company. The Company’s segment is exploration and production. Its operations are located mainly in Oklahoma, Texas and New Mexico. Its operations are focused in approximately two main areas, such as the Permian Basin and the Mid-Continent region. Its Permian Basin region includes west Texas and southeast New Mexico. Its Mid-Continent region consists of Oklahoma and the Texas Panhandle. Its Permian Basin efforts are located in the western half of the Permian Basin known as the Delaware Basin. It is focused on drilling horizontal wells that yielded oil and liquids-rich gas from the Wolfcamp shale, the Bone Spring formation and the Avalon shale. The Permian region produces approximately 542 million cubic feet equivalent per day. In the Mid-Continent region, it is focused in the Cana-Woodford shale and the Meramec horizon. The Mid-Continent region produces approximately 432 million cubic feet equivalent per day. CIMAREX ENERGY CO. (NYSE:XEC) Recent Trading Information
CIMAREX ENERGY CO. (NYSE:XEC) closed its last trading session down -0.72 at 140.87 with 1,008,925 shares trading hands.