GULFPORT ENERGY CORPORATION (NASDAQ:GPOR) 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 Certain Officers; Compensatory Arrangements of Certain Officers.

On January 2, 2018, Gulfport Energy Corporation (the “Company”) announced that it has appointed Donnie Moore as the Company’s Chief Operating Officer, effective January8, 2018.

From 2007 until December 2017, Mr. Moore worked at Noble Energy, Inc. (“Noble”), where he most recently served as Vice President of Noble’s Texas operations for its Eagle Ford and Delaware Basin assets. Prior to that, Mr. Moore held various leadership roles at Noble including Vice President of the Marcellus Business Unit, Manager for Operations of the Wattenberg/DJ Business Unit, Manager of Operations for the Gunflint discovery in the Deepwater Gulf of Mexico and Development Manager for Noble’s Mid-Continent and Gulf Coast positions. From 1989 until 2007, Mr. Moore served in a variety of roles with ARCO Oil and Gas Company, Vastar Resources, Inc. and BP America. Mr. Moore holds a Bachelor of Science degree in Petroleum Engineering from Louisiana Tech University.

As the Company’s Chief Operating Officer, Mr.Moore will receive an annual base salary of $430,125 and will be eligible to receive a sign-on bonus of $250,000. Mr.Moore will also receive a restricted stock unit award (the “RSU Award”) in the amount of $1,200,000, which will vest in three approximately equal annual installments over a three-year period. In addition to the RSU Award, Mr.Moore will be entitled to receive future annual grants of restricted stock units (or other form of equity award with an equivalent value) with a grant date value of 350% of his annual base salary. Each such annual equity award will vest in three substantially equal annual installments commencing on the first anniversary of the grant date.

Under the terms of his employment with the Company, Mr.Moore will also be eligible to participate in the Company’s annual cash incentive program, which will provide an opportunity to receive an annual, calendar-year bonus (payable in a single lump sum) based on a target amount of 80% of his annual base salary and such performance goals and criteria determined in the discretion of the Board of Directors of the Company or the Compensation Committee of the Board of Directors. Mr.Moore will also be eligible to participate in any other benefit plans available to other similarly situated employees of the Company, subject to the terms and conditions of such plans. The Company will reimburse Mr.Moore for the cost of certain of his direct and incidental relocation expenses up to a maximum of $90,000 in the aggregate.

Mr.Moore is not related to Michael G. Moore, the Company’s Chief Executive Officer and President.

Item 5.02. Regulation FD Disclosure

On January 2, 2018, the Company issued a press release announcing the matters described in Item 5.02 above. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form8-K.

Item 5.02. Financial Statements and Exhibits.

(d) Exhibits

GULFPORT ENERGY CORP Exhibit
EX-99.1 2 d479919dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   Press Release   Gulfport Energy Corporation Names Donnie Moore Chief Operating Officer OKLAHOMA CITY (January 2,…
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About GULFPORT ENERGY CORPORATION (NASDAQ:GPOR)

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.