ERIN ENERGY CORPORATION (NYSEMKT:ERN) 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 Departure of Directors or Certain Officers; Election of
Directors; Appointment of
Energy Corporation (the Company) that he will be resigning from
service as a member of its board of directors (the Board) and as
the Chief Executive Officer of the Company. The Board has
accepted his resignation effective as of February 22, 2017. Mr.
Omideles decision to resign did not involve any disagreements
with the Company, the Companys management or the Board.
Vice President, General Counsel and Secretary, to serve as
Interim Chief Executive Officer effective February 22, 2017 while
the Board conducts a search for a permanent replacement for Mr.
Omidele. Mr. Malek, 60, has served as Senior Vice President,
General Counsel and Secretary of the Company since November 2015.
Prior to joining the Company, he was employed by CAMAC
International Corporation (CI), where he served as Executive Vice
President and General Counsel since January 2011 and prior to
that as Senior Vice President and General Counsel since January
2007. He also served as the General Counsel of CI from 1992 to
2003. In this role, he was responsible for all aspects of CIs
legal affairs around the world. Prior to joining CI, Mr. Malek
was engaged in private practice with law firms in Houston and
also held various positions as in-house counsel with
multinational companies. He has also been an Adjunct Professor at
the University of Houston Law Center, where he taught a course on
law and development in Africa. Mr. Malek holds a J.D. from the
University of Texas School of Law and has a bachelors degree in
philosophy from the University of Texas at Austin. From 2007
until 2012, he served as Honorary Consul of Namibia for the State
of Texas.
any other person to which he was selected as Interim Chief
Executive Officer, nor are there any family relationships between
Mr. Malek and any of the Companys directors or executive
officers. There are no transactions between Mr. Malek and the
Company that would be reportable under Item 404(a) of Regulation
S-K promulgated under the Securities Exchange Act of 1934, as
amended (the Exchange Act).
to Mr. Maleks services as the Interim Chief Executive Officer,
but his current compensation is described in the Companys most
recent proxy statement.
to the change in the Boards composition. This press release is
attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference. This information shall not
be deemed filed for purposes of Section 18 of the Exchange Act,
or incorporated by reference in any other filing under the
Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such a filing.
|
Item 9.01
|
Financial Statements and Exhibits.
|
|
99.1
|
Press release issued by Erin Energy Corporation, dated
February 22, 2017. |
About ERIN ENERGY CORPORATION (NYSEMKT:ERN)
Erin Energy Corporation, formerly Camac Energy Inc., is an independent oil and gas exploration and production company. The Company is focused on energy resources in Africa. The Company’s asset portfolio consists of approximately nine licenses in over four countries covering an area of approximately 40,000 square kilometers (over 10 million acres). The Company’s geographical segments include Nigeria, Kenya, The Gambia and Ghana. The Company owns producing properties and conducts exploration activities offshore Nigeria, conducts exploration activities offshore Ghana and The Gambia, and conducts exploration activities offshore both offshore and onshore Kenya. The Company’s subsidiaries include CAMAC Energy Kenya Limited, Erin Petroleum Nigeria Limited, Erin Energy Gambia Ltd. and Erin Energy Ghana Limited. ERIN ENERGY CORPORATION (NYSEMKT:ERN) Recent Trading Information
ERIN ENERGY CORPORATION (NYSEMKT:ERN) closed its last trading session down -0.10 at 3.55 with 45,816 shares trading hands.
