RANGE RESOURCES CORPORATION (NYSE:RRC) 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 July 1, 2019, the Board of Directors (the “Board”) of Range Resources Corporation (the “Company’) expanded the Board to nine directors and appointed Margaret K. Dorman as a director of the Company, to serve through the annual meeting of stockholders to be held in 2020. Ms. Dorman has been appointed to serve on the Audit Committee.
There are no understandings or arrangements between Ms. Dorman and any other person to which Ms. Dorman was selected to serve as a director of the Board. There are no relationships between Ms. Dorman and the Company or any of its subsidiaries that would require disclosure to Item 404(a) of Regulation S-K.
Ms. Dorman will be entitled to the same compensation as other non-employee directors; namely, (a) a $75,000 annual cash retainer, payable quarterly and prorated in the case of a partial quarter, (b) $200,000 annual grant of restricted stock, prorated for service of less than a full year, which vests immediately, (c) a director indemnification agreement with the Company and (d) additional benefits as described in the Company’s definitive proxy statement delivered to its stockholders in connection with the 2019 annual meeting of stockholders and filed with the Securities and Exchange Commission on April 5, 2019.
Item 7.01 Regulation FD Disclosure.
Ms. Dorman is a non-employee director of Equitrans Midstream Corporation and currently serves as Chairman of the Management Development and Compensation Committee and as a member of the Audit Committee. Additionally, Ms. Dorman is a director of privately-held Rubicon Oilfield International, where she serves as chair of the Audit Committee and as a member of the Compensation Committee. Ms. Dorman served as a director of EQT Corporation from January 2012 until the separation of EQT and Equitrans Midstream in November 2018. Ms. Dorman served as Chief Financial Officer and Treasurer of Smith International, Inc., a publicly-traded supplier of oil and gas products and services, between May 1999 and October 2009. Prior to her time at Smith International, Inc., Ms. Dorman worked as an auditor with Ernst and Young LLP. She also has prior board and audit committee experience, having served as a director of Hanover Compressor Company from 2004 to 2007, including as a member and ultimately chair of its Audit Committee.
The Board has determined that Ms. Dorman is an independent director.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
99.1Press release dated July 1, 2019
RANGE RESOURCES CORP Exhibit
EX-99.1 2 rrc-ex991_6.htm EX-99.1 – JULY 1,…
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About RANGE RESOURCES CORPORATION (NYSE:RRC)
Range Resources Corporation is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States. The Company’s natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. Its reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. Its other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi.
