JAGGED PEAK ENERGY INC. (NYSE:JAG) 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.
As of March13, 2017, Gregory S. Hinds has voluntarily resigned
from his position as Executive Vice President, Development
Planning Acquisitions of Jagged Peak EnergyInc. (the Company). to
a Separation and Release Agreement, dated as of March14, 2017,
between the Company and Mr.Hinds, entered into in connection with
Mr.Hinds resignation (the Agreement), Mr.Hinds will (i)continue
to vest in his unvested SeriesA Units of JPE Management Holdings
LLC on the same schedule as if he remained employed and
(ii)provide transition services to the Company until August 31,
2017. He will also receive (i)an amount equal to his annual
salary of $297,413 and (ii)reimbursement of his costs to remain
on the Companys health care plans to COBRA for 6 months. to the
Agreement, Mr.Hinds will be subject to certain confidentiality,
non-competition and non-solicitation obligations for a period of
one year following his separation date and granted certain
releases of and waivers to the Company and other related parties.
Item7.01 Regulation FD Disclosure.
On March14, 2017, the Company issued a press release titled
Jagged Peak Energy Inc. Announces Management Changes. A copy of
the news release is furnished as Exhibit99.1 to this Current
Report on Form8-K.
The information in this Item 7.01 shall not be deemed to be filed
for purposes of Section18 of the Securities Exchange Act of 1934,
as amended (the Exchange Act), or otherwise subject to the
liabilities of that section, and is not incorporated by reference
into any filing under the Securities Act of 1933, as amended, or
the Exchange Act.
Item9.01 Financial Statements and Exhibits.
Press release issued March14, 2017.
About JAGGED PEAK ENERGY INC. (NYSE:JAG)
Jagged Peak Energy Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations. As of September 30, 2016, it drilled and completed 16 horizontal wells. As of September 30, 2016, it held approximately 90% working interest in approximately 68,121 gross leased or acquired acres. It classifies its acreage position into three project areas: Whiskey River, Cochise and Big Tex. As of September 30, 2016, it drilled and completed eight operated wells in the Whiskey River project area targeting the Lower Wolfcamp A, Upper Wolfcamp A and Wolfcamp B. As of September 30, 2016, it also drilled and completed six operated wells in the Cochise project area. JAGGED PEAK ENERGY INC. (NYSE:JAG) Recent Trading Information
JAGGED PEAK ENERGY INC. (NYSE:JAG) closed its last trading session down -0.27 at 12.25 with 618,900 shares trading hands.